BP (NYSE:BP) was downgraded by equities researchers at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Monday. They presently have a $44.43 price objective on the oil and gas exploration company’s stock. Vetr‘s price target suggests a potential upside of 11.49% from the stock’s current price.
BP has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of BP from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 26th. TheStreet downgraded shares of BP from a “b” rating to a “c+” rating in a report on Tuesday, February 13th. Societe Generale upgraded shares of BP from a “hold” rating to a “buy” rating in a report on Monday, February 12th. ValuEngine upgraded shares of BP from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $51.00 price target on shares of BP in a report on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. BP currently has a consensus rating of “Hold” and an average target price of $40.26.
BP (NYSE BP) traded up $0.19 during mid-day trading on Monday, hitting $39.85. 3,706,000 shares of the stock traded hands, compared to its average volume of 6,770,000. BP has a one year low of $33.28 and a one year high of $44.62. The firm has a market cap of $132,190.00, a PE ratio of 30.89, a PEG ratio of 0.79 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.16 and a quick ratio of 0.86.
Large investors have recently bought and sold shares of the business. Parkside Financial Bank & Trust grew its holdings in shares of BP by 92.4% during the first quarter. Parkside Financial Bank & Trust now owns 2,886 shares of the oil and gas exploration company’s stock worth $100,000 after buying an additional 1,386 shares in the last quarter. Feltz Wealth PLAN Inc. purchased a new stake in shares of BP during the first quarter worth about $106,000. Burt Wealth Advisors grew its holdings in shares of BP by 6.8% during the second quarter. Burt Wealth Advisors now owns 3,136 shares of the oil and gas exploration company’s stock worth $108,000 after buying an additional 200 shares in the last quarter. Crestwood Advisors Group LLC purchased a new stake in shares of BP during the first quarter worth about $114,000. Finally, Stonehearth Capital Management LLC purchased a new stake in shares of BP during the fourth quarter worth about $115,000. Hedge funds and other institutional investors own 10.19% of the company’s stock.
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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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