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- 1 BP stock price showed bullish sentiments in its YTD price performance.
- 2 Mid-February, the stock price marked its 52-week high at $41.38.
BP p.l.c. (NYSE: BP) stock price added nearly $0.76 in its trading price and rose over 2% in its year-to-date (YTD) price analysis. However, the stock price of the British multinational oil and gas company showed a bearish trend in the recent one week and one month. The recent week drop was nearly 0.51%, while the recent month decrease was over 3%.
BP Stock Price Analysis
According to Tradingview, on June 13, Tuesday, BP stock closed at the price of $35.08, and added $0.31 in its trading price. The opening price of the stock was marked at $35.26, high was at $35.67, and low was at $35.03. The recent bullish surge took the stock price to trade near its 20-day EMA, while the share price already surpassed its 200-day moving average.
As shown in the above price chart, from the beginning of this week, the stock price experienced the dominance of bears in the market. It still took the stock to rise upwards with 0.89% of price gain.
Meanwhile, earlier in May before the company released its first quarter of 2023 earnings and revenue report, the stock price nearly reached the trading price level of $40.00. But due to bears dominance, the stock fell nearly to the trading price of $37.00 on the earnings day. After Q1 2023, the stock price mostly showed the dominance of active bulls in the market.
The analysts are offering one year price forecasts for the stock at $45.78, that is over 30% from the recent closing price of BP stock. Meanwhile, their maximum estimate is at $74.76 along with the minimum estimate of $39.74.
The London-based company has a market cap of nearly $100.78 Billion, while the revenue for the last year amounted to $241.39 Billion. Most of around $187.21 Billion came from its highest performing source at the moment, Customers & Products. However, the greatest contribution to the revenue figure was made by Non-United States.
BP earnings for Q1 2023 were $1.66, whereas the estimation was $1.38 which accounts for a 20.26% surprise. The company revenue for the same period amounts to $56.18 Billion despite the estimated figure of $56.84 Billion. For the next quarter, the estimated earnings are $1.27, and revenue is expected to reach $55.43 Billion.
Notably, last week, New York Stock Exchange (NYSE) welcomed the company “in the celebration of 50 years of listing $BP.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
