BP (BP) closed the most recent trading day at $38.13, moving -0.18% from the previous trading session. This change was narrower than the S&P 500's daily loss of 0.9%. At the same time, the Dow lost 0.58%, and the tech-heavy Nasdaq lost 0.93%.
Coming into today, shares of the oil and gas company had gained 0.58% in the past month. In that same time, the Oils-Energy sector lost 3.11%, while the S&P 500 gained 3.3%.
Investors will be hoping for strength from BP as it approaches its next earnings release, which is expected to be February 4, 2020. The company is expected to report EPS of $0.66, down 36.54% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $76.29 billion, down 0.77% from the year-ago period.
Investors should also note any recent changes to analyst estimates for BP. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.83% higher. BP is currently a Zacks Rank #5 (Strong Sell).
Digging into valuation, BP currently has a Forward P/E ratio of 12.76. For comparison, its industry has an average Forward P/E of 12.04, which means BP is trading at a premium to the group.
Investors should also note that BP has a PEG ratio of 1.34 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Oil and Gas - Integrated - International stocks are, on average, holding a PEG ratio of 1.7 based on yesterday's closing prices.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 226, which puts it in the bottom 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow BP in the coming trading sessions, be sure to utilize Zacks.com.
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