After Reaching Milestone, Is BP P.L.C. (NYSE:BP)’s Short Interest Revealing Something?

May 18, 2018 - By Shawn Hawthorne

BP p.l.c. (NYSE:BP) Logo

The stock of BP P.L.C. (NYSE:BP) registered a decrease of 31.98% in short interest. BP’s total short interest was 5.40M shares in May as published by FINRA. Its down 31.98% from 7.95M shares, reported previously. With 6.17M shares average volume, it will take short sellers 1 days to cover their BP’s short positions. The short interest to BP P.L.C.’s float is 0.17%.

The stock increased 1.03% or $0.48 during the last trading session, reaching $47.19. About 7.21 million shares traded or 18.96% up from the average. BP p.l.c. (NYSE:BP) has risen 18.43% since May 18, 2017 and is uptrending. It has outperformed by 6.88% the S&P500.

BP p.l.c. engages in energy business worldwide. The company has market cap of $157.10 billion. It operates through three divisions: Upstream, Downstream, and Rosneft. It has a 45.99 P/E ratio. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas , biogas, power and natural gas liquids (NGLs).

BP p.l.c. (NYSE:BP) Ratings Coverage

Among 9 analysts covering BP plc (NYSE:BP), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. BP plc had 13 analyst reports since December 20, 2017 according to SRatingsIntel. The stock of BP p.l.c. (NYSE:BP) has “Buy” rating given on Sunday, April 22 by Piper Jaffray. The stock of BP p.l.c. (NYSE:BP) earned “Buy” rating by Scotia Capital on Thursday, December 21. The stock of BP p.l.c. (NYSE:BP) earned “Buy” rating by Goldman Sachs on Tuesday, April 24. On Monday, April 9 the stock rating was maintained by Scotia Capital with “Buy”. The firm has “Neutral” rating by Macquarie Research given on Thursday, April 26. The rating was maintained by Jefferies with “Hold” on Wednesday, December 20. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, February 13. On Friday, January 19 the stock rating was maintained by Jefferies with “Hold”. Citigroup upgraded the shares of BP in report on Thursday, March 29 to “Buy” rating. Societe Generale upgraded the stock to “Buy” rating in Monday, February 12 report.

More notable recent BP p.l.c. (NYSE:BP) news were published by: Seekingalpha.com which released: “BP: Strong Performance Seen Continuing In 2018” on May 04, 2018, also Fool.com with their article: “Why BP plc (ADR)’s Stock Rose 10% in April” published on May 08, 2018, Seekingalpha.com published: “Bloomberg: BP in talks to take Conoco’s Clair field stake in swap deal” on May 17, 2018. More interesting news about BP p.l.c. (NYSE:BP) were released by: 247Wallst.com and their article: “BP Earnings Clear Analysts’ High Bar” published on May 01, 2018 as well as Seekingalpha.com‘s news article titled: “BP: Growth Momentum And 5% Dividend Yield” with publication date: May 02, 2018.

BP p.l.c. (NYSE:BP) Ratings Chart

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