Barclays restated their overweight rating on shares of BP (LON:BP) in a research report sent to investors on Monday, December 18th. The firm currently has a GBX 675 ($9.15) price target on the oil and gas exploration company’s stock.
Several other analysts have also commented on BP. JPMorgan Chase & Co. restated an overweight rating and issued a GBX 500 ($6.78) price objective on shares of BP in a report on Wednesday, September 27th. UBS Group set a GBX 525 ($7.12) target price on shares of BP and gave the company a buy rating in a report on Tuesday, September 26th. Goldman Sachs Group reiterated a neutral rating and set a GBX 500 ($6.78) target price on shares of BP in a report on Monday, October 2nd. Kepler Capital Markets set a GBX 485 ($6.58) target price on shares of BP and gave the company a neutral rating in a report on Monday, October 2nd. Finally, Credit Suisse Group lifted their target price on shares of BP from GBX 530 ($7.19) to GBX 575 ($7.80) and gave the company an outperform rating in a report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of GBX 538.50 ($7.30).
Shares of BP (LON BP) traded up GBX 1.80 ($0.02) on Monday, reaching GBX 534.80 ($7.25). 33,811,835 shares of the company’s stock traded hands, compared to its average volume of 23,810,000. BP has a twelve month low of GBX 436.95 ($5.93) and a twelve month high of GBX 536.20 ($7.27). The stock has a market capitalization of $105,960.00 and a price-to-earnings ratio of 3,820.00.
The firm also recently disclosed a dividend, which was paid on Thursday, December 21st. Stockholders of record on Thursday, November 9th were given a dividend of $0.10 per share. This represents a dividend yield of 1.47%. The ex-dividend date of this dividend was Thursday, November 9th.
In other BP news, insider Brian Gilvary acquired 60 shares of the business’s stock in a transaction dated Wednesday, January 10th. The stock was purchased at an average price of GBX 528 ($7.16) per share, with a total value of £316.80 ($429.62). In the last three months, insiders have bought 186 shares of company stock valued at $95,184.
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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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