BP p.l.c. (NYSE:BP) Receives $118.05 Consensus Target Price from Analysts

Shares of BP p.l.c. (NYSE:BPGet Rating) have been assigned an average rating of “Hold” from the twenty-three analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $118.05.

BP has been the subject of a number of research reports. StockNews.com raised shares of BP from a “hold” rating to a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. upped their price objective on shares of BP from GBX 480 ($6.12) to GBX 500 ($6.37) in a report on Tuesday, April 19th. MKM Partners dropped their price objective on shares of BP from $46.00 to $42.00 and set a “buy” rating for the company in a report on Tuesday, March 1st. Wells Fargo & Company upped their price objective on shares of BP from $28.00 to $29.00 and gave the company an “underweight” rating in a report on Friday, March 11th. Finally, BNP Paribas raised shares of BP from a “neutral” rating to an “outperform” rating and set a $4.10 price objective for the company in a report on Friday, January 7th.

BP stock opened at $28.73 on Tuesday. BP has a 52-week low of $22.64 and a 52-week high of $34.16. The firm has a market capitalization of $93.96 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 1.82 and a beta of 0.77. The company has a fifty day simple moving average of $29.97 and a 200-day simple moving average of $29.30. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 0.61.

BP (NYSE:BPGet Rating) last released its earnings results on Tuesday, February 8th. The oil and gas exploration company reported $1.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.05. BP had a net margin of 4.61% and a return on equity of 14.10%. The business had revenue of $50.55 billion during the quarter, compared to analyst estimates of $35.56 billion. During the same quarter in the prior year, the firm earned $0.03 earnings per share. The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. On average, research analysts anticipate that BP will post 6 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 25th. Investors of record on Friday, February 18th were issued a $0.323 dividend. The ex-dividend date was Thursday, February 17th. This represents a $1.29 annualized dividend and a yield of 4.50%. BP’s dividend payout ratio (DPR) is 57.85%.

Large investors have recently modified their holdings of the stock. Strategic Asset Management LLC acquired a new stake in BP in the third quarter valued at approximately $28,000. Amplius Wealth Advisors LLC acquired a new stake in BP in the fourth quarter valued at approximately $35,000. Carroll Investors Inc acquired a new stake in BP in the fourth quarter valued at approximately $38,000. Fieldpoint Private Securities LLC raised its holdings in BP by 50.3% in the fourth quarter. Fieldpoint Private Securities LLC now owns 1,450 shares of the oil and gas exploration company’s stock valued at $39,000 after acquiring an additional 485 shares in the last quarter. Finally, Leverty Financial Group LLC purchased a new position in BP in the fourth quarter valued at approximately $48,000. 8.78% of the stock is currently owned by hedge funds and other institutional investors.

About BP (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.

Further Reading

Analyst Recommendations for BP (NYSE:BP)

Receive News & Ratings for BP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP and related companies with MarketBeat.com's FREE daily email newsletter.