On THURSDAY, BP p.l.c. (NYSE: BP) ended the last transaction at $39.32, with a change of -0.20%. The daily volume was calculated at 11570674 shares. The company has a market worth of $133502.72M. It holds an average volume of 7418.57K shares. In 52-week session, the stock hit the peak level of -13.35% and touched to lowest level of 10.06%.
RigNet (NASDAQ: RNET) reported recently that it has signed a multi-year contract with BP (BP), one of the world’s largest exploration and production companies. RigNet’s Intelie Live will deploy its machine learning based analytics in BP’s Remote Alliance Center, in order to improve operational efficiency and productivity across BP’s drilling operations.
“RigNet’s Intelie Live has demonstrated the potential of the solution with its speed to meet our requirements and expectations,” stated Paul Foreman, VP Global Solutions (Global Wells Organization) of BP. “Utilizing Intelie Live in our Remote Alliance Center has the potential to improve the safety of our operations and the reliability of the wells we construct while reducing costs by improving the efficiency of our work through the effective use of our data.”
“BP’s selection of Intelie Live is based on Intelie’s ability to quickly implement the platform to meet BP’s requirements,” stated Steven Pickett, Chief Executive Officer and President of RigNet. “Intelie’s experience in the Energy sector has helped companies like BP accelerate their digital transformation journey.”
The stock price increased at 2.52% from 20-Days Simple Moving Average, surged at 3.59% from 50-Days Simple Moving Average and settled at -3.29% from 200 Days Simple Moving Average. BP has PEG ratio of 0.89 and price to cash ratio of 6.74. In the trailing 12 months period, return on assets ratio of the Company was 1.70% and return on equity ratio was 4.80% while its return on investment ratio was 4.60%.
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