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BP (BP) Falls: Stock Goes Down 5.3%

BP p.l.c. ( BP ) saw a big move last session, as the company's shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for BP, as the stock is now down more than 14% in the past one-month time frame.

The recent fall in BP was largely driven by further decline in crude prices on Sep 4.

This slump shouldn't be too much of a surprise to investors, as the integrated oil and gas company has seen 3 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

BP currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.

A better-ranked stock in the same sector is Braskem S.A. ( BAK ), holding a Zacks Rank #1 (Strong Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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