U.S. Oil Stocks Are Seriously Undervalued Right Now [Yahoo! Finance News]
BP p.l.c. (BP)
Last bp p.l.c. earnings: 4/29 04:01 pm
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Source: Yahoo! Finance News
Oil prices appear to have found much-needed support and holding above the psychologically important level of $80/barrel just days aftera surprise crude buildOil prices are now up more than 60% in 2021, while U.S. natural gas prices have jumped 131% over the timeframe.As usual, as energy prices go, energy stocks usually follow.The broad energy sector benchmark, Select Sector SPDR ETFUnited States Natural Gas ETFReaders will note that oil and gas stocks have generally underperformed the commodities they track by a significant margin in the current year. The degree of underperformance becomes even more stark when you zoom out to longer timeframes.This suggests that oil and gas stocks remain seriously undervalued and could be ready for a catch-up rally.ESG Caps Oil and Gas InvestmentsIndeed, U.S. oil and gas companies are trading at less than half 2014 levels when oil prices last topped $80 per barrel, suggesting they could be seriously undervalued and ready for some catch-up trade.Not ev
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BP
Earnings
- 2/7/24 - Miss
BP
Sec Filings
- 4/25/24 - Form 6-K
- 4/18/24 - Form 6-K
- 4/9/24 - Form 6-K
- BP's page on the SEC website