BP p.l.c. (NYSE:BP) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of BP p.l.c. (NYSE:BPGet Free Report) have received a consensus recommendation of “Moderate Buy” from the twenty-five brokerages that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $46.5923.

BP has been the topic of several recent research reports. Royal Bank Of Canada raised shares of BP from a “sector perform” rating to an “outperform” rating in a research note on Monday, May 11th. TD Cowen raised their target price on shares of BP from $40.00 to $41.00 and gave the stock a “hold” rating in a research note on Thursday, July 16th. BNP Paribas Exane set a $57.00 target price on shares of BP and gave the company an “outperform” rating in a report on Friday, April 17th. Scotiabank increased their price target on shares of BP from $41.00 to $58.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Finally, UBS Group upgraded shares of BP from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 15th.

Check Out Our Latest Report on BP

BP Trading Up 1.4%

Shares of BP stock opened at $43.93 on Friday. The company has a market capitalization of $115.06 billion, a P/E ratio of 36.61, a price-to-earnings-growth ratio of 0.74 and a beta of 0.17. The company has a current ratio of 1.22, a quick ratio of 0.87 and a debt-to-equity ratio of 0.68. The business’s 50 day moving average is $41.29 and its two-hundred day moving average is $41.32. BP has a twelve month low of $31.58 and a twelve month high of $48.27.

BP (NYSE:BPGet Free Report) last released its quarterly earnings results on Tuesday, April 28th. The oil and gas exploration company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.00 by $0.24. BP had a return on equity of 12.06% and a net margin of 1.62%.The business had revenue of $52.26 billion during the quarter, compared to analysts’ expectations of $48.50 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. Equities analysts forecast that BP will post 5.6 EPS for the current year.

BP Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, May 15th were issued a $0.4992 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, May 15th. BP’s dividend payout ratio (DPR) is currently 165.00%.

BP News Summary

Here are the key news stories impacting BP this week:

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BP. YANKCOM Partnership lifted its holdings in BP by 1,068.3% in the fourth quarter. YANKCOM Partnership now owns 958 shares of the oil and gas exploration company’s stock valued at $33,000 after acquiring an additional 876 shares during the period. Financial Life Planners acquired a new position in shares of BP during the 1st quarter worth $39,000. Triumph Capital Management purchased a new position in shares of BP in the 3rd quarter valued at about $43,000. LRI Investments LLC lifted its stake in shares of BP by 76.2% in the fourth quarter. LRI Investments LLC now owns 1,276 shares of the oil and gas exploration company’s stock valued at $44,000 after purchasing an additional 552 shares during the period. Finally, WFA of San Diego LLC purchased a new stake in BP during the second quarter worth about $46,000. Institutional investors and hedge funds own 11.01% of the company’s stock.

BP Company Profile

(Get Free Report)

BP plc is a British multinational integrated energy company headquartered in London. Originating in the early 20th century as the Anglo-Persian Oil Company, BP has grown into one of the world’s largest oil and gas companies, operating across exploration and production, refining and marketing, trading, and a range of low-carbon businesses.

The company’s core activities include upstream exploration and production of crude oil and natural gas, midstream and trading operations, and downstream refining, marketing and supply of fuels, lubricants and petrochemicals.

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Analyst Recommendations for BP (NYSE:BP)

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