Ratings Don’t Lie: Is BP (BP) Worth Your Time After Credit Suisse’s Upgrade?

November 30, 2016 - By Dolores Ford

Ratings Don't Lie:  Is BP (BP) Worth Your Time After Credit Suisse's Upgrade?

BP (BP) Upgrade

In a an analyst note sent to investors on 30 November, Credit Suisse stated it was upgrading BP (BP) stock from a Neutral to a Outperform.

BP plc (ADR) (NYSE:BP) Ratings Coverage

Out of 3 analysts covering BP (BP), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. BP has been the topic of 3 analyst reports since October 20, 2016 according to StockzIntelligence Inc. UBS downgraded BP plc (ADR) (NYSE:BP) on Thursday, October 20 to “Neutral” rating. CLSA downgraded the shares of BP in a report on Tuesday, November 15 to “Outperform” rating. The firm has “Hold” rating given on Wednesday, November 2 by Societe Generale.

About 11.77 million shares traded hands or 119.59% up from the average. BP plc (ADR) (BP) has declined 0.95% since April 27, 2016 and is downtrending. It has underperformed by 6.17% the S&P500.

Analysts await BP plc (ADR) (NYSE:BP) to report earnings on February, 7. They expect $0.50 EPS, up 733.33% or $0.44 from last year’s $0.06 per share. BP’s profit will be $1.54 billion for 17.50 P/E if the $0.50 EPS becomes a reality. After $0.30 actual EPS reported by BP plc (ADR) for the previous quarter, Wall Street now forecasts 66.67% EPS growth.

BP p.l.c. is an integrated oil and gas company. The company has a market cap of $107.90 billion. The Firm provides its clients with fuel for transportation, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. It currently has negative earnings. The Firm operates through three divisions: Upstream, Downstream and Rosneft.

According to Zacks Investment Research, “BP p.l.c. is the holding company of one of the world’s largest petroleum and petrochemicals groups. Their main activities are exploration and production of crude oil and natural gas; refining, marketing, supply and transportation; and manufacturing and marketing of petrochemicals. They have a growing activity in gas and power and in solar power generation. BP has well-established operations in Europe, North and South America, Australasia and Africa.”

BP Company Profile

BP p.l.c., incorporated on April 14, 1909, is an integrated gas and oil company. The Firm provides its clients with fuel for transportation, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. The Firm operates through three divisions: Upstream, Downstream and Rosneft. The Company’s Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing. The Company’s Downstream segment has global manufacturing and marketing operations. Rosneft is an oil company. The Firm has activities in Europe, North and South America, Australasia, Asia and Africa.

More news for BP plc (ADR) (NYSE:BP) were recently published by: Investorplace.com, which released: “Why BP plc (ADR) (BP), L Brands Inc (LB) and Tesla Motors Inc (TSLA) Are 3 of …” on November 01, 2016. Investorplace.com‘s article titled: “BP plc (ADR) Stock Takes a Hit After Q3 Earnings” and published on November 01, 2016 is yet another important article.

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