Alert: Negative Investment/Fundamental Signals (11/10/23)-BP PLC (NYSE: BP)


BP PLC (NYSE: BP). Extremely significant negative changes in investment behavior have recently occurred: its longer term price trend turned down, its shorter term price trend turned down, and negative upside/downside volume developed.

Marginal negative changes in BP PLC (NYSE: BP) fundamentals have recently occurred: the consensus estimate for December, 2023 decreased significantly.

In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, BP is expected to continue to be a modest Value Builder.

BP has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. BP has a slightly positive Power Rating of 67 and a very high Appreciation Score of 94, with the Highest Value Trend Rating the result.

Recent Price Action

BP PLC (NYSE: BP) stock increased 1.2% on 11/10/23. The shares closed at $35.08. The stock has been strong relative to the market over the last nine months but has declined -4.8% during the last week.

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