Down 24 In A Year Is The Bp Share Price In Bargain Territory

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Down 24% in a year, is the BP share price in bargain territory?
Down 24% in a year, is the BP share price in bargain territory? from

Down 24% in a Year, Is the BP Share Price in Bargain Territory?

BP's Share Price Has Fallen 24% in the Past Year

The share price of BP has fallen by 24% in the past year, from a high of £5.50 in September to £4.16 at close of trading yesterday shares reached as low as £4.10 but recovered slightly. This fall in the share price has been driven by a number of factors, including the ongoing COVID-19 pandemic, which has led to a sharp decline in demand for oil and gas, and the company's decision to increase its investment in renewable energy sources.

Is BP's Share Price Now a Bargain?

The fall in BP's share price has led some investors to question whether the company is now a bargain. However, there are a number of factors to consider before making this decision.

On the one hand, BP is a well-established company with a strong track record. The company has been operating for over 100 years and has a global reach. BP also has a strong financial position, with a net debt of £18.1 billion at the end of 2020.

On the other hand, BP faces a number of challenges in the coming years. The company's traditional business of oil and gas production is facing increasing competition from renewable energy sources. BP is also facing pressure from governments to reduce its carbon emissions.

Overall, BP's share price has fallen by 24% in the past year due to a number of factors, including the ongoing COVID-19 pandemic and the company's decision to increase its investment in renewable energy sources. Whether BP's share price is now a bargain is a matter of opinion, and investors should consider all of the factors involved before making a decision.

Factors to Consider When Investing in BP

Investors should consider a number of factors when making a decision about whether to invest in BP. These factors include:

Investors should also consider their own investment goals and risk tolerance before making a decision about whether to invest in BP.

Conclusion

BP's share price has fallen by 24% in the past year due to a number of factors. Whether BP's share price is now a bargain is a matter of opinion, and investors should consider all of the factors involved before making a decision.