BP p.l.c. (NYSE:BP)‘s stock had its “hold” rating reiterated by equities researchers at Cowen and Company in a research note issued on Tuesday. They currently have a $39.00 target price on the oil and gas exploration company’s stock. Cowen and Company’s price target suggests a potential upside of 0.54% from the company’s previous close.

BP has been the topic of several other reports. Piper Jaffray Companies set a $39.00 target price on shares of BP p.l.c. and gave the stock a “buy” rating in a research report on Friday, August 25th. BidaskClub downgraded shares of BP p.l.c. from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. Kepler Capital Markets downgraded shares of BP p.l.c. from a “hold” rating to a “reduce” rating in a research report on Friday, June 30th. Vetr downgraded shares of BP p.l.c. from a “strong-buy” rating to a “buy” rating and set a $43.32 price target on the stock. in a research report on Tuesday, October 10th. Finally, Scotiabank set a $37.00 price target on shares of BP p.l.c. and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $37.34.

Shares of BP p.l.c. (NYSE:BP) traded up 0.4550% during trading on Tuesday, hitting $38.9665. 2,133,536 shares of the stock were exchanged. BP p.l.c. has a 52 week low of $32.53 and a 52 week high of $39.48. The firm has a 50 day moving average price of $37.67 and a 200 day moving average price of $35.81. The firm has a market capitalization of $127.85 billion, a P/E ratio of 34.0022 and a beta of 0.95.

BP p.l.c. (NYSE:BP) last announced its quarterly earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.18). The company had revenue of $56.51 billion for the quarter, compared to the consensus estimate of $56.09 billion. BP p.l.c. had a net margin of 1.74% and a return on equity of 3.64%. The company’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same period last year, the firm posted $0.23 earnings per share. Analysts forecast that BP p.l.c. will post $1.72 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “BP p.l.c. (BP) Stock Rating Reaffirmed by Cowen and Company” was reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/24/bp-p-l-c-bp-stock-rating-reaffirmed-by-cowen-and-company.html.

Several large investors have recently added to or reduced their stakes in BP. Morgan Stanley increased its stake in BP p.l.c. by 11.2% during the 1st quarter. Morgan Stanley now owns 6,186,085 shares of the oil and gas exploration company’s stock valued at $213,544,000 after purchasing an additional 623,612 shares in the last quarter. Stonebridge Capital Advisors LLC increased its stake in BP p.l.c. by 3.8% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 63,117 shares of the oil and gas exploration company’s stock valued at $2,179,000 after purchasing an additional 2,304 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in BP p.l.c. during the 2nd quarter valued at $10,896,000. Geneva Advisors LLC increased its stake in BP p.l.c. by 6.2% during the 2nd quarter. Geneva Advisors LLC now owns 17,011 shares of the oil and gas exploration company’s stock valued at $589,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Atlantic Trust Group LLC increased its stake in BP p.l.c. by 24.5% during the 2nd quarter. Atlantic Trust Group LLC now owns 57,428 shares of the oil and gas exploration company’s stock valued at $1,991,000 after purchasing an additional 11,295 shares in the last quarter. Institutional investors own 9.89% 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)

Receive News & Ratings for BP p.l.c. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP p.l.c. and related companies with MarketBeat.com's FREE daily email newsletter.