BP plc Receives Average Recommendation of “Hold” from Analysts (NYSE:BP)
Shares of BP plc (NYSE:BP) have received a consensus recommendation of “Hold” from the twenty-four analysts that are presently covering the stock, StockRatingsNetwork.com reports. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $55.25.
Shares of BP plc (NYSE:BP) opened at 48.30 on Wednesday. BP plc has a 52 week low of $40.51 and a 52 week high of $53.48. The stock has a 50-day moving average of $50.09 and a 200-day moving average of $49.71. The company has a market cap of $148.4 billion and a P/E ratio of 13.20.
BP plc (NYSE:BP) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.06. The company had revenue of $96.96 billion for the quarter, compared to the consensus estimate of $94.71 billion. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. Analysts expect that BP plc will post $4.69 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 19th. Investors of record on Friday, August 8th will be paid a dividend of $0.585 per share. This represents a $2.34 annualized dividend and a dividend yield of 4.84%. The ex-dividend date is Wednesday, August 6th.
A number of research firms have recently commented on BP. Analysts at Simmons downgraded shares of BP plc from an “overweight” rating to a “neutral” rating in a research note on Wednesday, August 13th. 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, July 10th. 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.