BGR Stock Summary and Trading Ideas (Blackrock Energy & Resources C | NYSE:BGR)

BlackRock Energy and Resources Trust’s (BGR) (the “Trust”) investment objective is to provide total return through a combination of current income, current gains and long-term capital appreciation. The Trust seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its total assets in equity securities of energy and natural resources companies and equity derivatives with exposure to the energy and natural resources industry. The Trust may invest directly in such securities or synthetically through the use of derivatives. The Trust seeks to pursue this goal primarily by investing in a portfolio of equity securities and utilizing an option over-writing strategy in an effort to seek total return performance and enhance distributions.

Blackrock Energy & Resources C trades on the NYSE stock market under the symbol BGR.

As of April 17, 2024, BGR stock price climbed to $13.18 with 89,298 million shares trading.

BGR has a beta of 0.45, meaning it tends to be less sensitive to market movements. BGR has a correlation of 0.11 to the broad based SPY ETF.

BGR has a market cap of $361.99 million. This is considered a Small Cap stock.

In the last 3 years, BGR stock traded as high as $13.72 and as low as $8.18.

BGR stock has underperformed the market in the last year with a return of +12.2%, while SPY returned +23.0%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in BGR shares. However, BGR has outperformed the market in the last 3 month and 2 week periods, returning +8.1% and -1.4%, while SPY returned +5.7% and -3.5%, respectively. This indicates BGR has been having a stronger performance recently.

BGR support price is $13.00 and resistance is $13.24 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BGR stock will trade within this expected range on the day.