Press coverage about BP (NYSE:BP) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. BP earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media stories about the oil and gas exploration company an impact score of 49.2981450998179 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
BP (NYSE BP) opened at $39.91 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.88 and a current ratio of 1.18. BP has a 1 year low of $33.10 and a 1 year high of $41.55. The stock has a market cap of $131,887.30, a price-to-earnings ratio of 29.16, a P/E/G ratio of 1.14 and a beta of 0.97.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Friday, November 10th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 6.01%. The ex-dividend date is Thursday, November 9th. This is a positive change from BP’s previous quarterly dividend of $0.60. BP’s payout ratio is 203.42%.
A number of analysts have commented on BP shares. Piper Jaffray Companies set a $39.00 target price on shares of BP and gave the stock a “buy” rating in a research note on Friday, August 25th. Zacks Investment Research upgraded shares of BP from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Tuesday, November 7th. Vetr upgraded shares of BP from a “hold” rating to a “buy” rating and set a $40.48 target price for the company in a research note on Friday, November 17th. Evercore ISI raised their target price on shares of BP from $43.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 1st. Finally, Scotiabank reaffirmed a “buy” rating and set a $39.00 price target on shares of BP in a research report on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $38.86.
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BP 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.
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