Top 12 Extreme Value Stocks to Invest In Right Now

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6. BP p.l.c. (NYSE:BP)

Forward P/E Ratio: 9.65

Earnings Growth This Year: 1.66%

Earnings Growth Next Year: 9.06%

Number of Hedge Fund Holders: 44

BP p.l.c. (NYSE:BP) is a multinational energy company headquartered in London. It operates as an integrated company in the oil and gas industry, with operations in 78 countries. The company operates through several business segments including Gas & Low Carbon Energy, Oil Production & Operations, Customers & Products, and Other Businesses & Corporate. On March 12, UBS analyst Joshua Stone maintained a Buy rating on the stock with a price target of £5.25.

During the fiscal year 2024, the company made strategic progress by reshaping its portfolio and establishing a foundation for growth. It executed 10 new Final Investment Decisions including Cascadia and Tangguh, gained new access to opportunities in Iraq and India, and divested tail assets in Trinidad. Moreover, the company is also focusing on its electric vehicle charging business and hydrogen pipeline and acquired full ownership of BP Bioenergy and Lightsource BP.

Moreover, the company reported a strong cash flow of $7.4 billion, which was supported by a $1.3 billion working capital release. BP p.l.c. (NYSE:BP) also decreased its debt to $23 billion due to $2.8 billion in divestment proceeds and strategic debt management. It is one of the top extreme-value stocks to invest in right now.

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