Deutsche Bank Reiterates Buy Rating for BP plc (ADR) (BP)
BP plc (ADR) (NYSE:BP)‘s stock had its “buy” rating reaffirmed by equities research analysts at Deutsche Bank in a research note issued to investors on Monday, Analyst RN reports.
Shares of BP plc (NYSE:BP) traded up 0.28% on Monday, hitting $50.70. The stock had a trading volume of 4,856,387 shares. BP plc has a 52 week low of $40.51 and a 52 week high of $51.38. The stock’s 50-day moving average is $48.8 and its 200-day moving average is $47.8. The company has a market cap of $156.0 billion and a P/E ratio of 15.72.
BP plc (ADR) (NYSE:BP) last released its earnings data on Tuesday, April 29th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.87. The company had revenue of $91.70 billion for the quarter, compared to the consensus estimate of $91.50 billion. During the same quarter in the previous year, the company posted $1.32 earnings per share. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. Analysts expect that BP plc will post $4.74 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 20th. Investors of record on Friday, May 9th will be given a dividend of $0.585 per share. This represents a $2.34 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend is Wednesday, May 7th.
A number of other analysts have also recently weighed in on BP. Analysts at Credit Suisse reiterated a “neutral” rating on shares of BP plc (ADR) in a research note on Tuesday, May 6th. Separately, analysts at Nomura reiterated a “neutral” rating on shares of BP plc (ADR) in a research note on Wednesday, April 30th. Finally, analysts at Goldman Sachs reiterated a “neutral” rating on shares of BP plc (ADR) in a research note on Wednesday, April 30th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $54.20.
BP p.l.c. (NYSE:BP), is an integrated oil and gas company.
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