Although BP has lost more than half of its per-share value since the Deepwater Horizon disaster, the stock remains favored by analysts. Four analysts rate it a "strong buy" and one rates it a "moderate buy." Six analysts recommend "hold" and two recommend a "strong sell."
On July 27, 2010, BP will announce its third quarter results. The earnings target is $1.46, a growth of 2.82 percent. The stock has shown a history of surprises. It dropped 26.17 percent on fourth quarter earnings in 2009, one quarter after jumping 54.05 percent in the third quarter of 2009.
BP's P/E ratio is 4.27, more than half of the industry standard of 9.85 and well below the 32.02 reported by others in the second.
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