BP p.l.c. (NYSE:BP) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Thursday.

A number of other research analysts have also recently commented on BP. TheStreet cut BP p.l.c. from a “b-” rating to a “c” rating in a research report on Thursday, August 10th. Scotiabank set a $37.00 price target on BP p.l.c. and gave the company a “buy” rating in a research report on Tuesday, August 1st. Argus upped their price target on BP p.l.c. from $36.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, June 1st. Bank of America Corporation cut BP p.l.c. from a “neutral” rating to an “underperform” rating in a research report on Friday, June 30th. Finally, Zacks Investment Research raised BP p.l.c. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 6th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $36.51.

BP p.l.c. (BP) traded up 0.18% during midday trading on Thursday, hitting $34.16. The stock had a trading volume of 4,741,106 shares. The company has a 50-day moving average price of $35.06 and a 200-day moving average price of $34.93. The stock has a market cap of $112.46 billion, a P/E ratio of 854.00 and a beta of 0.94. BP p.l.c. has a 52 week low of $32.53 and a 52 week high of $38.68.

BP p.l.c. (NYSE:BP) last issued its quarterly earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by $0.18. BP p.l.c. had a net margin of 1.74% and a return on equity of 3.64%. The firm had revenue of $56.51 billion for the quarter, compared to analysts’ expectations of $56.09 billion. During the same period in the prior year, the company earned $0.23 EPS. The firm’s quarterly revenue was up 21.7% on a year-over-year basis. Equities analysts expect that BP p.l.c. will post $1.69 EPS for the current year.

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Institutional investors have recently made changes to their positions in the stock. Beaton Management Co. Inc. bought a new position in BP p.l.c. during the second quarter valued at about $211,000. Financial Partners Capital Management LLC raised its position in BP p.l.c. by 5.6% in the second quarter. Financial Partners Capital Management LLC now owns 170,146 shares of the oil and gas exploration company’s stock valued at $5,896,000 after buying an additional 9,052 shares during the last quarter. Stonebridge Capital Advisors LLC raised its position in BP p.l.c. by 7.4% in the second quarter. Stonebridge Capital Advisors LLC now owns 67,794 shares of the oil and gas exploration company’s stock valued at $2,349,000 after buying an additional 4,677 shares during the last quarter. Highlander Capital Management LLC raised its position in BP p.l.c. by 25.6% in the second quarter. Highlander Capital Management LLC now owns 7,350 shares of the oil and gas exploration company’s stock valued at $257,000 after buying an additional 1,500 shares during the last quarter. Finally, Simmons Bank raised its position in BP p.l.c. by 32.7% in the second quarter. Simmons Bank now owns 21,835 shares of the oil and gas exploration company’s stock valued at $757,000 after buying an additional 5,380 shares during the last quarter. Hedge funds and other institutional investors own 9.96% of the company’s stock.

About BP p.l.c.

BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.

Analyst Recommendations for BP p.l.c. (NYSE:BP)

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