BP PLC Stock Rating Upgraded by Howard Weil (BP)
BP PLC (NYSE:BP) was upgraded by research analysts at Howard Weil from a “sector perform” rating to an “outperform” rating in a report released on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $56.00 target price on the stock, up from their previous target price of $51.00. Howard Weil’s price objective would suggest a potential upside of 15.35% from the stock’s previous close.
Shares of BP PLC (NYSE:BP) traded up 0.37% during mid-day trading on Wednesday, hitting $48.73. 1,077,215 shares of the company’s stock traded hands. BP PLC has a 1-year low of $39.99 and a 1-year high of $48.65. The stock has a 50-day moving average of $47.11 and a 200-day moving average of $43.78. The company has a market cap of $152.9 billion and a price-to-earnings ratio of 6.33.
BP PLC (NYSE:BP) last released its earnings data on Tuesday, October 29th. The company reported $1.17 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.00 by $0.17. During the same quarter last year, the company posted $0.27 earnings per share. On average, analysts predict that BP PLC will post $4.50 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of BP PLC in a research note to investors on Tuesday. They now have a $50.00 price target on the stock. Separately, analysts at UBS AG downgraded shares of BP PLC from a “buy” rating to a “neutral” rating in a research note to investors on Friday, December 13th. Finally, analysts at HSBC initiated coverage on shares of BP PLC in a research note to investors on Friday, December 6th. They set an “overweight” rating on the stock. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. BP PLC has a consensus rating of “Hold” and a consensus price target of $53.00.
BP p.l.c. (NYSE:BP) is an international oil and gas company.
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