BP p.l.c. (NYSE:BP) was upgraded by investment analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report issued on Monday.

BP has been the subject of several other research reports. Scotiabank set a $37.00 price target on shares of BP p.l.c. and gave the stock a “buy” rating in a report on Tuesday, August 1st. BidaskClub lowered shares of BP p.l.c. from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. J P Morgan Chase & Co reissued an “overweight” rating on shares of BP p.l.c. in a report on Monday, June 12th. Kepler Capital Markets lowered shares of BP p.l.c. from a “hold” rating to a “reduce” rating in a report on Friday, June 30th. Finally, TheStreet lowered shares of BP p.l.c. from a “b-” rating to a “c” rating in a report on Thursday, August 10th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $36.26.

Shares of BP p.l.c. (BP) traded up 0.19% during trading on Monday, hitting $36.65. 5,423,492 shares of the company were exchanged. The firm’s 50-day moving average price is $35.25 and its 200 day moving average price is $35.03. The firm has a market capitalization of $120.25 billion, a PE ratio of 31.98 and a beta of 0.93. BP p.l.c. has a 12 month low of $32.53 and a 12 month 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 the consensus estimate of $0.39 by ($0.18). The company had revenue of $56.51 billion during the quarter, compared to analysts’ expectations of $56.09 billion. BP p.l.c. had a return on equity of 3.64% and a net margin of 1.74%. BP p.l.c.’s revenue was up 21.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 EPS. On average, equities research analysts expect that BP p.l.c. will post $1.65 earnings per share for the current fiscal year.

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Hedge funds have recently made changes to their positions in the company. Massey Quick & Co. LLC boosted its position in shares of BP p.l.c. by 27,575.0% during the 1st quarter. Massey Quick & Co. LLC now owns 1,107 shares of the oil and gas exploration company’s stock valued at $3,856,000 after acquiring an additional 1,103 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of BP p.l.c. by 92.4% during the 1st quarter. Parkside Financial Bank & Trust now owns 2,886 shares of the oil and gas exploration company’s stock valued at $100,000 after acquiring an additional 1,386 shares during the last quarter. Burt Wealth Advisors boosted its position in shares of BP p.l.c. by 6.8% during the 2nd quarter. Burt Wealth Advisors now owns 3,136 shares of the oil and gas exploration company’s stock valued at $108,000 after acquiring an additional 200 shares during the last quarter. Vestor Capital LLC acquired a new position in shares of BP p.l.c. during the 2nd quarter valued at about $116,000. Finally, IHT Wealth Management LLC boosted its position in shares of BP p.l.c. by 21.4% during the 1st quarter. IHT Wealth Management LLC now owns 3,903 shares of the oil and gas exploration company’s stock valued at $135,000 after acquiring an additional 689 shares during the last quarter. 10.09% of the stock is currently owned by hedge funds and other institutional investors.

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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