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.

Large investors have recently made changes to their positions in the company. Burt Wealth Advisors increased its holdings in shares of BP by 6.8% in 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 period. Vestor Capital LLC purchased a new position in BP during the 2nd quarter worth $116,000. Cable Hill Partners LLC grew its stake in BP by 639.9% during the 3rd quarter. Cable Hill Partners LLC now owns 3,559 shares of the oil and gas exploration company’s stock worth $137,000 after buying an additional 3,078 shares during the last quarter. Fieldpoint Private Securities LLC acquired a new stake in BP during the 3rd quarter worth about $151,000. Finally, Johnson Financial Group Inc. lifted its position in BP by 1.2% during the 2nd quarter. Johnson Financial Group Inc. now owns 4,672 shares of the oil and gas exploration company’s stock worth $162,000 after acquiring an additional 55 shares during the period. Institutional investors and hedge funds own 9.97% of the company’s stock.

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About BP

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.

Analyst Recommendations for BP (NYSE:BP)

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