BP PLC (BP) Earns “Outperform” Rating from BNP Paribas
BP PLC (NYSE:BP)‘s stock had its “outperform” rating reiterated by research analysts at BNP Paribas in a research report issued on Tuesday, StockTargetPrices.com reports.
Several other research firms also recently commented on BP. Barclays PLC reiterated a “buy” rating on shares of BP PLC in a research report on Thursday, October 6th. Credit Suisse Group AG raised BP PLC from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 5th. Citigroup Inc. raised BP PLC from a “neutral” rating to a “buy” rating and increased their price target for the company from $31.15 to $39.00 in a research note on Thursday, June 16th. Vetr cut BP PLC from a “strong-buy” rating to a “buy” rating and set a $37.66 price target for the company. in a research note on Friday, August 12th. Finally, Jefferies Group reissued a “hold” rating on shares of BP PLC in a research note on Thursday, September 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $38.63.
BP PLC (NYSE:BP) traded down 2.307% during trading on Tuesday, hitting $35.824. The stock had a trading volume of 4,290,269 shares. The firm’s market capitalization is $112.11 billion. BP PLC has a one year low of $27.01 and a one year high of $37.53. The stock has a 50 day moving average of $34.43 and a 200 day moving average of $33.29.
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BP PLC (NYSE:BP) last posted its earnings results on Tuesday, July 26th. The oil and gas exploration company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.28 by $0.05. The firm earned $46.44 billion during the quarter, compared to the consensus estimate of $50.22 billion. BP PLC had a negative net margin of 2.76% and a positive return on equity of 3.32%. BP PLC’s revenue for the quarter was down 25.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.07 earnings per share. Equities research analysts expect that BP PLC will post $1.09 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, August 5th were issued a $0.595 dividend. The ex-dividend date of this dividend was Wednesday, August 3rd. This represents a $2.38 dividend on an annualized basis and a dividend yield of 6.49%. BP PLC’s dividend payout ratio is presently -139.18%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Washington Trust Bank raised its position in BP PLC by 165.9% in the second quarter. Washington Trust Bank now owns 3,337 shares of the oil and gas exploration company’s stock worth $118,000 after buying an additional 2,082 shares in the last quarter. Krilogy Financial LLC raised its stake in shares of BP PLC by 18.8% in the second quarter. Krilogy Financial LLC now owns 3,514 shares of the oil and gas exploration company’s stock worth $125,000 after buying an additional 555 shares during the period. Farmers National Bank acquired a new stake in shares of BP PLC during the second quarter worth approximately $131,000. Advisory Services Network LLC raised its stake in shares of BP PLC by 121.7% in the third quarter. Advisory Services Network LLC now owns 3,860 shares of the oil and gas exploration company’s stock worth $136,000 after buying an additional 2,119 shares during the period. Finally, Kistler Tiffany Companies LLC raised its stake in shares of BP PLC by 0.6% in the second quarter. Kistler Tiffany Companies LLC now owns 4,116 shares of the oil and gas exploration company’s stock worth $146,000 after buying an additional 26 shares during the period. Institutional investors own 12.06% of the company’s stock.
BP PLC Company Profile
BP p.l.c. is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. The Company operates through three segments: Upstream, Downstream and Rosneft.
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