BP stock: buy or sell
Updated on:
Apr 22nd, 2021
1
BP stock brief
- BP stock just moved 0.73% to close at $24.96 on the stock market on Wednesday.
- BP is presenting its earnings report next Tuesday
- Deutsche Bank Aktiengesellschaft published a neutral rating for BP on Tuesday
- BP p.l.c. engages in the energy business worldwide. It operates through Gas & Low Carbon Energy, Oil Production & Operations, Customers & Products, and Rosneft segments.
Should I buy BP stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $BP stock a buy?
Currently, BP stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $BP will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell BP stock?
Knowing when to sell a stock is even more difficult than knowing when to buy it. Trading strategies help us to avoid rash decisions based on our sentiments or the noise that surrounds the market. When selling, as well as buying, our setups are very simple to use and are only valid for selling shares you already own, not for shorting BP stock
As a golden rule, you should never mantain an operation that produces greater losses than those expected at the time of purchase. The timing to sell your stock must always be dictated by the stop-loss (automatic or manual)
Is it time to sell BP stock?
Currently, BP stock doesn't match any of our preferred sell setups, so if you hold BP stock and your operation is in profit probably is not time to sell now
BP ratings
In the last 30 days, 5 analyst ratings were published for BP. General sentiment is bullish, with 3 out of 5 publishing optimistic outlooks
| Brokerage firm | Rating |
|---|---|
| Mar 23rd, 2021 | |
| Raymond James | Buy |
| Mar 30th, 2021 | |
| Morgan Stanley | |
| Apr 1st, 2021 | |
| Piper Sandler | Buy |
| Apr 16th, 2021 | |
| HSBC | Neutral → |
| Apr 20th, 2021 | |
| Deutsche Bank Aktiengesellschaft | Neutral |
BP stock analysis
SMAs overview
Supports and resistances
The current resistance levels are:
The current support levels are:
Bollinger bands
The price is moving very close to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a bearish indicator, as price can move in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 in early March after just crossing to the overbough zone for 1 day (weak signal). The RSI value on Wednesday was 50.22. Since RSI lost the overbought zone, BP shares collapsed a 6.76%
BP stock price history
BP started trading priced at an adjusted price1 of $0.62 on Jan 1977. Since then, BP stock surged by 3,925.81%, with an average of 89.22% per year. An investment of thousand dollars on Jan 1977 would be valued $40,258.06 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for BP stock
Nobody knows how much a share will be priced in the future. Banks and financial organisations publish their analysis forecasting how a stock will performance in the future.
Along with buy or sell recommendations, financial institutions post their price target based on the stock price action and the company fundamental data. Most of these estimates follow the release of new fundamental data by the company, and usually. If you are a small investor you don't have to buy or sell based on these predictions.
The average price target for BP stock calculated from the table below is $30.50. BP closed at $24.96 on Wednesday, so the target price is predicting an increase by 22.20%.
| Brokerage firm | Price target |
|---|---|
| Mar 23rd, 2021 | |
| Raymond James | $27.00 → $29.00 |
| Mar 30th, 2021 | |
| Morgan Stanley | Not available |
| Apr 1st, 2021 | |
| Piper Sandler | $28.00 → $32.00 |
| Apr 16th, 2021 | |
| HSBC | Not available |
| Apr 20th, 2021 | |
| Deutsche Bank Aktiengesellschaft | Not available |
Earnings and financials
BP ($BP) will host the earnings call next Tuesday.
Last February, BP p.l.c. ($BP) reported adjusted EPS for that far lowered Market expectations. Quarterly EPS was $0.03 per share instead of $0.08. This Q4 report represents an earnings surprise of -62.50%. Estimated turnover was $46.6 billion but BP slightly lowered by 3.91%, posting $44.8 billion.
For comparison, the EPS for the same quarter last year was $0.76, so posted EPS means a drop of -96.05%. Looking at revenues, figures collapsed a -36.37% compared to $707.0B same quarter 12 months ago.BP performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| BP ($BP) | 1.80% | 2.60% | 60.10% |
Important:
The thoughts given in this post are personal and not recommendations for you to buy or sell shares. The author of this report does not know the particular conditions of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are posted for learning motives onlyBP summary
| Wednesday, April 21st, 2021 | |
|---|---|
| Open | $24.57 |
| Close | $24.96 |
| Day range | $24.49 - $25.01 |
| Previous close | $24.78 |
| Session gain | 0.73% |
| Average true range | $0.76 |
| 50d mov avg | $24.75 |
| 100d mov avg | $23.32 |
| 200d mov avg | $21.26 |
| Earnings date | April 27th, 2021 |