BP plc Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:BP)
Shares of BP plc (NYSE:BP) have received an average recommendation of “Hold” from the twenty-four brokerages that are covering the stock, Analyst Ratings News reports. One research analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $55.25.
Several analysts have recently commented on the stock. 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 plc (NYSE:BP) opened at 48.13 on Wednesday. BP plc has a 52 week low of $41.08 and a 52 week high of $53.48. The stock has a 50-day moving average of $49.6 and a 200-day moving average of $49.. The company has a market cap of $147.9 billion and a P/E ratio of 13.19.
BP plc (NYSE:BP) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.18 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue 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 declared a quarterly dividend, which is scheduled for Friday, September 19th. Investors of record on Friday, August 8th will be given a dividend of $0.585 per share. This represents a $2.34 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date of this dividend is Wednesday, August 6th.
BP p.l.c. (NYSE:BP) is an integrated oil and gas company.