Why Is BP p.l.c. (BP) In the News Today?

BP investors were likely spooked this morning by Reuters's report: "AMSTERDAM, Dec 2 ( Reuters ) - Unions and BP PLC ( BP.L ) have reached an agreement on wages for workers BP's large Rotterdam refinery, which had been largely idled this month amid a dispute over wages." For more coverage, read the full article here. On the back of this news, BP sank -1.1% to a price of $35.34.

Are the markets overreacting? BP p.l.c. engages in the energy business worldwide. The company belongs to the Energy sector, which has an average price to earnings (P/E) ratio of 9.11 and an average price to book (P/B) ratio of 1.45. In contrast, BP p.l.c. has a trailing 12 month P/E ratio of -6.7 and a P/B ratio of 1.9.

BP p.l.c. has moved 32.7% over the last year compared to -10.2% for the S&P 500 -- a difference of 42.9%. BP p.l.c. has a 52 week high of $36.11 and a 52 week low of $25.33.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.