BP (NYSE:BP – Get Rating) had its price objective increased by research analysts at Raymond James from $37.00 to $39.00 in a report released on Monday, Benzinga reports. The firm currently has an “outperform” rating on the oil and gas exploration company’s stock. Raymond James’ price target would suggest a potential upside of 24.64% from the company’s current price.
Several other equities analysts also recently commented on BP. Morgan Stanley raised BP from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, March 23rd. JPMorgan Chase & Co. lowered their price objective on BP from GBX 600 ($7.82) to GBX 500 ($6.52) in a research report on Monday, February 28th. Zacks Investment Research cut shares of BP from a “strong-buy” rating to a “hold” rating and set a $38.00 target price for the company. in a research report on Monday, February 7th. TheStreet raised shares of BP from a “c+” rating to a “b” rating in a research report on Tuesday, February 8th. Finally, Berenberg Bank dropped their price objective on BP from GBX 475 ($6.19) to GBX 450 ($5.86) in a report on Tuesday, March 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $112.79.
Shares of NYSE BP opened at $31.29 on Monday. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average price is $30.24 and its two-hundred day moving average price is $29.20. The company has a market cap of $102.63 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 1.96 and a beta of 0.77. BP has a twelve month low of $22.64 and a twelve month high of $34.16.
Institutional investors and hedge funds have recently modified their holdings of the business. Strategic Asset Management LLC bought a new stake in BP in the third quarter worth approximately $28,000. Amplius Wealth Advisors LLC bought a new stake in shares of BP in the 4th quarter valued at $35,000. Carroll Investors Inc acquired a new position in shares of BP during the 4th quarter valued at $38,000. Fieldpoint Private Securities LLC boosted its stake in BP by 50.3% during the fourth quarter. Fieldpoint Private Securities LLC now owns 1,450 shares of the oil and gas exploration company’s stock worth $39,000 after acquiring an additional 485 shares in the last quarter. Finally, Leverty Financial Group LLC acquired a new stake in BP in the fourth quarter worth $48,000. 8.78% of the stock is currently owned by institutional investors and hedge funds.
BP Company Profile (Get Rating)
BP p.l.c. engages in the energy business worldwide. It operates through Gas & Low Carbon Energy, Oil Production & Operations, Customers & Products, and Rosneft segments. It produces and trades in natural gas; offers biofuels; operates onshore and offshore wind power, and solar power generating facilities; and provides de-carbonization solutions and services, such as hydrogen, and carbon capture, usage and storage.
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