BP (BP) Lifted to Buy at Vetr
BP (NYSE:BP) was upgraded by equities research analysts at Vetr from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The brokerage currently has a $41.28 target price on the oil and gas exploration company’s stock. Vetr‘s price target indicates a potential upside of 4.30% from the company’s previous close.
BP has been the subject of a number of other reports. TheStreet lowered BP from a “b-” rating to a “c” rating in a research note on Thursday, August 10th. Zacks Investment Research lowered BP from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Evercore ISI raised their price target on BP from $43.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 1st. Piper Jaffray Companies set a $39.00 target price on BP and gave the company a “buy” rating in a research report on Friday, August 25th. Finally, BMO Capital Markets raised BP from a “market perform” rating to an “outperform” rating in a research report on Monday, September 18th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $38.89.
Shares of BP (NYSE BP) traded down $0.15 during mid-day trading on Wednesday, hitting $39.58. The company had a trading volume of 3,309,385 shares, compared to its average volume of 5,461,988. BP has a 52-week low of $33.10 and a 52-week high of $41.55. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.18 and a quick ratio of 0.88. The company has a market cap of $131,755.25, a price-to-earnings ratio of 29.13, a P/E/G ratio of 1.13 and a beta of 0.97.
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.
To view Vetr’s full report, visit Vetr’s official website.
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