The market has been high on BP Midstream Partners LP (BPMP) stock recently. BPMP gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
BP Midstream Partners LP has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on BPMP!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With BPMP Stock Today?
BP Midstream Partners LP (BPMP) stock is lower by -3.6% while the S&P 500 is higher by 0.15% as of 2:10 PM on Wednesday, Oct 27. BPMP has fallen -$0.50 from the previous closing price of $13.88 on volume of 242,167 shares. Over the past year the S&P 500 is higher by 34.71% while BPMP is higher by 33.27%. BPMP earned $1.52 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 8.78.
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More About BP Midstream Partners LP
BP Midstream Partners LP is a US-based limited partnership. It owns, operates, develops, and acquires pipelines and other midstream assets. The company holds interests in entities that own crude oil, natural gas, refined products, and diluent pipelines serving as key infrastructure for the company to transport onshore crude oil production to whiting refinery and offshore crude oil and natural gas production. It transports oil and gas products to refining markets and trading and distribution hubs.
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