BP p.l.c. (NYSE:BP) Receives Average Rating of “Buy” from Analysts

Shares of BP p.l.c. (NYSE:BPGet Rating) have earned an average rating of “Hold” from the twenty-three ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $118.05.

BP has been the subject of a number of analyst reports. Raymond James raised their price objective on BP from $37.00 to $39.00 and gave the stock an “outperform” rating in a research report on Monday, April 18th. Zacks Investment Research downgraded BP from a “strong-buy” rating to a “hold” rating and set a $38.00 price objective for the company. in a research report on Monday, February 7th. TD Securities raised their target price on BP from $32.00 to $37.00 and gave the stock a “hold” rating in a research note on Thursday, February 10th. Royal Bank of Canada raised BP from a “sector perform” rating to an “outperform” rating in a research note on Friday, February 25th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on BP from GBX 455 ($5.80) to GBX 450 ($5.74) in a research note on Wednesday, March 23rd.

BP stock opened at $28.73 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 0.86 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $93.96 billion, a PE ratio of 12.88, a P/E/G ratio of 1.82 and a beta of 0.77. BP has a 12 month low of $22.64 and a 12 month high of $34.16. The stock has a 50-day moving average price of $29.97 and a two-hundred day moving average price of $29.30.

BP (NYSE:BPGet Rating) last issued its quarterly earnings data 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 return on equity of 14.10% and a net margin of 4.61%. The company had revenue of $50.55 billion during the quarter, compared to the consensus estimate of $35.56 billion. During the same period last year, the company earned $0.03 earnings per share. The firm’s revenue was up 12.9% compared to the same quarter last year. As a group, analysts predict that BP will post 6 earnings per share for the current fiscal year.

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

Several large investors have recently made changes to their positions in BP. OLD Mission Capital LLC purchased a new position in shares of BP during the third quarter valued at approximately $5,316,000. Russell Investments Group Ltd. boosted its position in shares of BP by 15.6% during the third quarter. Russell Investments Group Ltd. now owns 1,910,545 shares of the oil and gas exploration company’s stock valued at $52,094,000 after buying an additional 258,408 shares during the last quarter. Wedge Capital Management L L P NC boosted its position in shares of BP by 25.8% during the first quarter. Wedge Capital Management L L P NC now owns 801,301 shares of the oil and gas exploration company’s stock valued at $23,558,000 after buying an additional 164,366 shares during the last quarter. Leuthold Group LLC bought a new stake in BP during the fourth quarter worth $4,043,000. Finally, Parametric Portfolio Associates LLC lifted its holdings in BP by 3.3% during the fourth quarter. Parametric Portfolio Associates LLC now owns 4,005,607 shares of the oil and gas exploration company’s stock worth $106,669,000 after acquiring an additional 127,316 shares during the period. 8.78% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for BP (NYSE:BP)

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