How to Buy Bp Stock
Bp PLC
Bp is a oil & gas integrated company located in United Kingdom, which is part of the Energy sector, and is traded under the ticker BP on the NYSE exchange.
Bp stock last closed at $38.64, down 0.28% from the previous day, and has increased 41.75% in one year. It has overperformed other stocks in the Oil & Gas Integrated industry by 0.23 percentage points. Bp stock is currently +40.36% from its 52-week low of $27.53, and -6.62% from its 52-week high of $41.38.
At the moment, there are 17.38B shares of BP outstanding. The market value of BP is $112.15B. In the last 24 hours, 6.93M BP shares were traded.
How to Buy Bp Stock
Not sure how to invest in Bp stock? Here's how.
- Figure out where to buy Bp stock: You need to choose an online brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you figure out where to buy Bp stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your investment account: Choose your method of payment and add your information.
- Analyze Bp stock: The Bp ticker symbol is BP. Is Bp stock a good investment? Should you buy shares of BP? How do BP's underlying business fundamentals look? Do top analysts think Bp is a good buy? Why has BP's stock price moved recently? (Hint: Our stock research website can help you figure out if BP is a good stock to buy).
- Execute your BP purchase: Decide if you will purchase BP shares at the current market price or use a limit order to buy BP shares at a given price.
- Track your BP investment: Create a watchlist to get live updates on your position in Bp stock.
Step 1: Figure out where to buy Bp stock
You will need an online brokerage account in order to access the NYSE market and buy BP stock.
Our recommended brokerage: eToro
Based on our experience, eToro is the best brokerage. Here's why:
- You can invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
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- Social investing: eToro has a community of more than 20 million users globally. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by signing up for an account with eToro today.
Open eToro AccountStep 2: Create your brokerage account
Now that you've selected the right brokerage, the next step is to fill out some personal details so you can buy BP stock today.
How to Set Up a New Account on eToro
- Click here to get started.
- Input your personal info to open a new trading account.
- Submit your information by clicking the "Create Account" button.
Step 3: Put funds into your investment account
Now that you have filled out your info on the stocks app, you can securely and quickly fund your account:
Watch the tutorial below if you need help transferring money into your brokerage account.
Step 4: Analyze Bp stock
After you have decided on the best place to buy Bp stock, it's very important to analyze their stock prior to buying, so you truly understand the risk and opportunity.
Bp stock data
Bp Zen Score
WallStreetZen was created to help everyday investors perform better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on BP's stock page.
Is BP stock properly valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge BP's intrinsic value.
Using relative valuations methods:
- BP could be undervalued based on its P/E ratio of 6.4x, relative to Oil & Gas Integrated industry P/E ratio of 7.84x
- BP may be undervalued based on its P/B ratio of 1.59x, relative to Oil & Gas Integrated industry P/B ratio of 1.65x
You can do additional valuation research on BP's stock here.
BP Financial Health Overview
Positive Health Checks:
- BP's operating cash flow of $35.77B allows it to safely service it's debt of $60.70B.
- There are more short-term assets than short-term liabilities on the BP balance sheet.
- BP earnings of $36.57B is not enough to cover its interest payments.
- BP profit margin has gone up from -5.4% to 7.9% in the past year.
Negative Health Checks:
- Total BP debt is higher than 5 years ago, relative to shareholder equity.
- There are more long-term liabilities than short-term assets on the BP balance sheet.
- BP has a relatively high debt to equity ratio of 2.71.
Is it a good time to buy Bp stock, according to analysts?
Out of 2 Equities analysts who give ratings on BP, the consensus analyst rating on BP is a Strong Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Latest BP Analyst Ratings
Justin Jenkins, a top 1% analyst from Raymond James maintains BP with a buy rating and lowers their BP price target from $47.00 to $45.00, on Jul 13, 2023.
Ryan Todd, a top 1% analyst from Piper Sandler maintains BP with a strong buy rating and lowers their BP price target from $47.00 to $46.00, on Apr 20, 2023.
You can dig deeper into what analysts are saying on the Bp stock forecast page.
BP Momentum
BP Growth Numbers
Last year, BP earnings were $18.65B. During the last five year, BP's earnings have gone up by 23.17% per year. This was slower than the Oil & Gas Integrated industry average of 26.56%.
Last year, BP revenue was $234.60B. In the past five year, BP's revenue has grown by -3.26% per year. This was slower than the Oil & Gas Integrated industry average of 7.76%.
Learn more about BP's earnings and revenue performance here.
Are BP insiders buying or selling the stock?
In the past 12 months, insiders at BP have not bought or sold any shares.
Get more info about who owns BP shares here.
Can I get consistent income from BP stock?
Bp pays a dividend of 5.05%, compared to the Oil & Gas Integrated industry's average dividend yield of 5.19%. If you owned $1,000 of BP stock, you would have been paid $50.47 last year.
Bp dividend payments have not consistently grown over the past decade and have not remained stable.
Get more analysis about Bp dividend yield and history here.
What do other investors have to say about BP?
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Execute your BP purchase
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually the best for newer investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount limit, place a limit order.
Press the Open button and your broker will execute the order.
If you want more assistance buying stocks on eToro, click the helpful video below:
Step 6: Track your BP investment
Now that you own some shares in BP, you'll want to stay up-to-date on your new company.
Create a watchlist to monitor your BP stock.
BP Feed
How to Buy Stock in Bp
To reiterate, here are the 6 steps for buying Bp stock:
- Figure out where to buy Bp stock
- Create your brokerage account
- Put funds into your investment account
- Analyze Bp stock
- Execute your BP purchase
- Track your BP investment
If you require a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest news on your new investment in Bp, create a watchlist today.
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