BP p.l.c. (NYSE:BP) runs in leading trade, it are increasing 0.35% to traded at $36.91. BP attains analyst recommendation of 2.40 on scale of 1-5 with week’s performance of 2.11%. Oil giant BP has officially withdrawn its environmental plan to drill exploration wells in the Great Australian Bight.
The company announced in October that it would not push ahead with the drilling program after reviewing its future global opportunities, with the Bight project not delivering enough reward on investment. But it was only on Tuesday that it officially withdrew an environmental assessment application with the national regulator, the National Offshore Petroleum Safety and Environmental Management Authority.
To find out the technical position of BP, it holds price to book ratio of 1.26 that unearth high-growth companies selling at low-growth prices, but it requires appropriate measurement approach. It has forward price to earnings ratio of 13.97. BP is presenting price to cash flow of 4.51.
EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -273.20%, and looking further price to next year’s EPS is 140.37%. While take a short look on price to sales ratio, that was 0.62.
First Majestic Silver Corp. (NYSE:AG) kept active in under and overvalue discussion, AG holds price to book ratio of 1.86 that presents much better indicator to find market price of a share price over its book value of equity for investment valuation. The firm has price volatility of 5.97% for a week and 6.11% for a month. Narrow down four to firm performance, its weekly performance was -14.41% and monthly performance was -19.79%.
First majestic silver corp. (AG) is pleased to announce the unaudited interim consolidated financial results of the Company for the third quarter ended September 30, 2016. “Cash generation accelerated during the quarter due to our ongoing disciplined cost management and higher silver prices,” stated Keith Neumeyer, President and CEO of First Majestic. “Our third quarter AISC came in well below guidance at $10.52 per ounce. The reduction in costs were driven primarily by renegotiated smelting and refining agreements, the continued weakness in the Mexican Peso, and record production of silver.