BP plc Given Average Recommendation of “Hold” by Brokerages (NYSE:BP)
BP plc (NYSE:BP) has received a consensus rating of “Hold” from the twenty-five brokerages that are presently covering the stock, Analyst Ratings Network reports. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $55.20.
BP plc (NYSE:BP) opened at 51.61 on Thursday. BP plc has a one year low of $40.51 and a one year high of $53.48. The stock’s 50-day moving average is $51.76 and its 200-day moving average is $49.4. The company has a market cap of $158.8 billion and a price-to-earnings ratio of 16.11.
BP plc (NYSE:BP) last posted its quarterly earnings results 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 $4.76 EPS for the current fiscal year.
A number of analysts have recently weighed in on BP shares. Analysts at Zacks reiterated a “neutral” rating on shares of BP plc in a research note on Thursday. They now have a $55.00 price target on the stock. Separately, analysts at Howard Weil upgraded shares of BP plc from a “sector outperform” rating to a “focus stock” rating in a research note on Thursday. They now have a $57.00 price target on the stock. Finally, analysts at Deutsche Bank downgraded shares of BP plc from a “buy” rating to a “hold” rating in a research note on Wednesday, July 9th.
BP p.l.c. (NYSE:BP), is an integrated oil and gas company.
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