BP p.l.c. (BP) Shares are Up 1.75%

BP p.l.c. (BP) has been under a strong bear grip, hence the stock is down -4.66% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.78% in the past 1 week. The stock has risen by 1.75% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.29% in the past 4 weeks.

BP p.l.c. is up 9.48% in the last 3-month period. Year-to-Date the stock performance stands at 16.34%. The stock has recorded a 20-day Moving Average of 2.01% and the 50-Day Moving Average is 1.65%.


BP p.l.c. (NYSE:BP): The stock opened at $34.35 on Friday but the bulls could not build on the opening and the stock topped out at $34.39 for the day. The stock traded down to $34.16 during the day, due to lack of any buying support eventually closed down at $34.33 with a loss of -0.92% for the day. The stock had closed at $34.65 on the previous day. The total traded volume was 4,037,959 shares.

Also, In a research note released to the investors, Jefferies maintains its rating on BP p.l.c. (NYSE:BP).The analysts at the brokerage house have a current rating of Hold on the shares. In a recent information released to the investors, Jefferies raises the new price target from $31 per share to $33 per share. The rating by the firm was issued on July 11, 2016.

BP p.l.c. (BP) is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants and the petrochemicals products used to make everyday items, including paints, clothes and packaging. The Company operates in three business segments: Upstream, Downstream and Rosneft. The Upstream segments activities include oil and natural gas exploration, field development and production; midstream transportation, storage and processing, and the marketing and trading of natural gas, including liquefied natural gas (LNG), together with power and natural gas liquids (NGLs). The Companys Downstream segments activities include the refining, manufacturing, marketing, transportation, and supply and trading of crude oil, petroleum, petrochemicals products and related services to wholesale and retail customers. BPs interest in Rosneft, an oil company in Russia, is reported as a separate operating segment.

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