BPI Downgrades BP PLC to Neutral (BP)
BP PLC (NYSE:BP) was downgraded by BPI from an “outperform” rating to a “neutral” rating in a research note issued on Friday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Howard Weil upgraded shares of BP PLC from a “sector perform” rating to an “outperform” rating in a research note to investors on Wednesday. They now have a $56.00 price target on the stock, up previously from $51.00. Separately, 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. Finally, 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. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $53.00.
Shares of BP PLC (NYSE:BP) traded up 0.72% during mid-day trading on Friday, hitting $49.20. 5,310,161 shares of the company’s stock traded hands. BP PLC has a 52 week low of $39.99 and a 52 week high of $49.20. The stock’s 50-day moving average is $47.28 and its 200-day moving average is $43.91. The company has a market cap of $154.3 billion and a P/E ratio of 6.37.
BP PLC (NYSE:BP) last announced its earnings results 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 in the prior year, the company posted $0.27 earnings per share. Analysts expect that BP PLC will post $4.50 EPS for the current fiscal year.
BP p.l.c. (NYSE:BP) is an international oil and gas company.
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