BP p.l.c.’s (BP) “Hold” Rating Reiterated at Cowen and Company

BP p.l.c. (NYSE:BP)‘s stock had its “hold” rating reiterated by equities researchers at Cowen and Company in a report issued on Tuesday, October 24th. They presently have a $39.00 price target on the oil and gas exploration company’s stock. Cowen and Company’s price objective indicates a potential downside of 3.23% from the stock’s current price.

Several other equities analysts have also weighed in on BP. BidaskClub raised shares of BP p.l.c. from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 3rd. TheStreet lowered shares of BP p.l.c. from a “b-” rating to a “c” rating in a research report on Thursday, August 10th. Scotiabank set a $37.00 price target on shares of BP p.l.c. and gave the company a “buy” rating in a research report on Tuesday, August 1st. Piper Jaffray Companies reaffirmed a “buy” rating and set a $39.00 target price on shares of BP p.l.c. in a research report on Thursday, September 28th. Finally, Bank of America Corporation lowered shares of BP p.l.c. from a “neutral” rating to an “underperform” rating in a research report on Friday, June 30th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $38.67.

Shares of BP p.l.c. (NYSE BP) opened at $40.30 on Tuesday. The company has a market cap of $133,037.23, a P/E ratio of 29.42, a P/E/G ratio of 1.21 and a beta of 0.99. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57. BP p.l.c. has a fifty-two week low of $32.53 and a fifty-two week high of $41.55.

COPYRIGHT VIOLATION NOTICE: This story was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another website, it was illegally copied and republished in violation of US and international copyright and trademark laws. The original version of this story can be accessed at https://www.dispatchtribunal.com/2017/11/12/bp-p-l-c-bp-earns-hold-rating-from-cowen-and-company.html.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Massey Quick & Co. LLC raised its stake in BP p.l.c. by 27,575.0% in the 1st quarter. Massey Quick & Co. LLC now owns 1,107 shares of the oil and gas exploration company’s stock valued at $3,856,000 after acquiring an additional 1,103 shares during the period. Burt Wealth Advisors raised its stake in BP p.l.c. 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 bought a new position in BP p.l.c. during the 2nd quarter worth $116,000. Cable Hill Partners LLC increased its position in BP p.l.c. 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 period. Finally, IHT Wealth Management LLC increased its position in BP p.l.c. by 21.4% during the 1st quarter. IHT Wealth Management LLC now owns 3,903 shares of the oil and gas exploration company’s stock worth $135,000 after buying an additional 689 shares during the period. 9.90% of the stock is owned by institutional investors.

BP p.l.c. Company Profile

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.

Analyst Recommendations for BP p.l.c. (NYSE:BP)

Receive News & Ratings for BP p.l.c. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP p.l.c. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply