BP (BP) Earns Daily Coverage Optimism Score of -1.40

Media stories about BP (NYSE:BP) have been trending somewhat negative recently, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. BP earned a news sentiment score of -1.40 on their scale. InfoTrie also assigned news coverage about the oil and gas exploration company an news buzz score of 3 out of 10, indicating that recent press coverage is unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news stories that may have effected BP’s score:

Several analysts have issued reports on the company. Raymond James upgraded BP from a “market perform” rating to an “outperform” rating in a report on Tuesday, November 20th. They noted that the move was a valuation call. Zacks Investment Research raised BP from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Monday, November 19th. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of BP in a research note on Tuesday, October 23rd. Redburn Partners raised BP from a “neutral” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Wednesday, October 3rd. Finally, Berenberg Bank started coverage on BP in a research note on Tuesday, September 11th. They set a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $53.22.

Shares of NYSE BP opened at $39.51 on Friday. The company has a market capitalization of $131.67 billion, a P/E ratio of 21.02, a PEG ratio of 0.35 and a beta of 0.83. BP has a 52 week low of $36.15 and a 52 week high of $47.83. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.22 and a quick ratio of 0.91.

BP (NYSE:BP) last announced its quarterly earnings results on Tuesday, October 30th. The oil and gas exploration company reported $1.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.29. The business had revenue of $79.47 billion during the quarter, compared to analysts’ expectations of $75.31 billion. BP had a return on equity of 11.14% and a net margin of 2.91%. The firm’s quarterly revenue was up 32.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 EPS. As a group, equities analysts forecast that BP will post 3.63 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, November 9th will be paid a $0.615 dividend. The ex-dividend date is Thursday, November 8th. This represents a $2.46 annualized dividend and a dividend yield of 6.23%. BP’s payout ratio is 129.79%.

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BP Company Profile

BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).

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