Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate BP plc (ADR) before investing.

In this article, we go over a few key elements for understanding BP plc (ADR)’s stock price such as:

• BP plc (ADR)’s current stock price and volume
• Why BP plc (ADR)’s stock price changed recently
• Upgrades and downgrades for BP from analysts
• BP’s stock price momentum as measured by its relative strength

About BP plc (ADR) (BP)

Before we jump into BP plc (ADR)’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

BP p.l.c. is a United Kingdom-based integrated energy company. The Company's segments include gas & low carbon energy, oil production & operations, customers & products, and other businesses & corporate. Its gas business includes regions with upstream activities that produce natural gas, integrated gas and power, and gas trading. Its low carbon business includes solar, offshore and onshore wind, hydrogen and carbon capture and storage and power trading. Oil production & operations segment comprises regions with upstream activities that predominantly produce crude oil, including bpx energy. Customers & products segment comprises its customer-focused businesses, which include convenience and retail fuels, electric vehicle charging, as well as Castrol, aviation and business to business and midstream. It also includes its products businesses, refining and oil trading, as well as its bioenergy businesses. Other businesses & corporate segment comprises bp ventures, Launchpad and others.

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BP plc (ADR)’s Stock Price as of Market Close

As of July 09, 2024, 4:00 PM, CST, BP plc (ADR)’s stock price was $34.80.

BP plc (ADR) is down 4.79% from its previous closing price of $36.55.

During the last market session, BP plc (ADR)’s stock traded between $36.41 and $36.82. Currently, there are 2,791.98 million shares of BP plc (ADR) stock available for purchase.

BP plc (ADR)’s price-earnings (P/E) ratio is currently at 11.2, which is high compared to the Oil & Gas - Refining and Marketing industry median of 10.8. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

BP plc (ADR) Stock Price History

BP plc (ADR)’s (BP) price is currently down 3.6% so far this month.

During the month of July, BP plc (ADR)’s stock price has reached a high of $37.39 and a low of $34.65.

Over the last year, BP plc (ADR) has hit prices as high as $40.84 and as low as $33.52. Year to date, BP plc (ADR)’s stock is down 0.37%.

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What Caused BP plc (ADR) Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 08, 2024, there were 2 analysts who downgraded BP plc (ADR)’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate BP plc (ADR)’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on BP plc (ADR)’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

BP plc (ADR)’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about BP plc (ADR) (BP) by visiting AAII Stock Evaluator.

Relative Price Strength of BP plc (ADR)

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 08, 2024, BP plc (ADR) has a weighted four-quarter relative price strength of -6.14%, which translates to a Momentum Score of 50 and is considered to be Average.

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BP plc (ADR) Stock Price: Bottom Line

As of July 9, 2024, BP plc (ADR)’s stock price is $34.80, which is down 4.79% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like BP plc (ADR) stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.