BP Midstream Partners (BPMP) Downgraded to Neutral at Citigroup

Citigroup cut shares of BP Midstream Partners (NYSE:BPMP) from a buy rating to a neutral rating in a report published on Tuesday, Marketbeat.com reports.

Other research analysts have also recently issued reports about the company. UBS Group started coverage on BP Midstream Partners in a research report on Monday, November 20th. They set a buy rating and a $21.00 price target for the company. Barclays started coverage on BP Midstream Partners in a research report on Monday, November 20th. They set an equal weight rating and a $20.00 price target for the company. Morgan Stanley started coverage on BP Midstream Partners in a research report on Monday, November 20th. They set an equal weight rating and a $20.00 price target for the company. Credit Suisse Group started coverage on BP Midstream Partners in a research report on Thursday, January 4th. They set a neutral rating and a $19.00 price target for the company. Finally, Mitsubishi UFJ Financial Group started coverage on BP Midstream Partners in a research report on Friday, December 15th. They set a neutral rating and a $21.00 price target for the company. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $20.75.

Shares of BP Midstream Partners (NYSE BPMP) traded up $0.11 during mid-day trading on Tuesday, reaching $21.22. The company had a trading volume of 101,324 shares, compared to its average volume of 302,900. BP Midstream Partners has a 52 week low of $16.85 and a 52 week high of $21.98.

In other BP Midstream Partners news, insider Robert P. Zinsmeister acquired 5,555 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was acquired at an average cost of $18.00 per share, for a total transaction of $99,990.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Clive Christison acquired 2,500 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was acquired at an average price of $18.00 per share, with a total value of $45,000.00. The disclosure for this purchase can be found here.

ILLEGAL ACTIVITY WARNING: “BP Midstream Partners (BPMP) Downgraded to Neutral at Citigroup” was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/01/13/bp-midstream-partners-bpmp-downgraded-to-neutral-at-citigroup.html.

About BP Midstream Partners

BP Midstream Partners LP is a master limited partnership formed by BP Pipelines (North America) Inc The Company owns, operates, develops and acquires pipelines and other midstream assets. It owns one onshore crude oil pipeline system, one onshore refined products pipeline system, one onshore diluent pipeline system, interests in four offshore crude oil pipeline systems and an interest in one offshore natural gas pipeline system.

Analyst Recommendations for BP Midstream Partners (NYSE:BPMP)

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

Leave a Reply