BP’s (BP) “Overweight” Rating Reiterated at Barclays

Barclays reissued their overweight rating on shares of BP (LON:BP) in a research report report published on Wednesday morning. They currently have a GBX 675 ($9.15) price objective on the oil and gas exploration company’s stock.

A number of other research analysts have also weighed in on BP. Kepler Capital Markets reaffirmed a reduce rating and set a GBX 430 ($5.83) target price on shares of BP in a report on Friday, September 15th. UBS Group set a GBX 525 ($7.12) price objective on BP and gave the stock a buy rating in a report on Friday, September 15th. Goldman Sachs Group boosted their price objective on BP from GBX 480 ($6.51) to GBX 500 ($6.78) and gave the stock a neutral rating in a report on Friday, September 22nd. Deutsche Bank reissued a buy rating and set a GBX 520 ($7.05) price objective on shares of BP in a report on Tuesday, September 26th. Finally, JPMorgan Chase & Co. reissued an overweight rating and set a GBX 500 ($6.78) price objective on shares of BP in a report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of GBX 538.50 ($7.30).

BP (LON BP) traded up GBX 1.80 ($0.02) during mid-day trading on Wednesday, reaching GBX 534.80 ($7.25). The company’s stock had a trading volume of 33,811,835 shares, compared to its average volume of 23,810,000. The stock has a market cap of $105,960.00 and a price-to-earnings ratio of 3,820.00. BP has a 1-year low of GBX 436.95 ($5.93) and a 1-year high of GBX 536.20 ($7.27).

The business also recently disclosed a dividend, which was paid on Thursday, December 21st. Shareholders of record on Thursday, November 9th were given a $0.10 dividend. The ex-dividend date was Thursday, November 9th. This represents a yield of 1.47%.

In related news, insider Brian Gilvary acquired 60 shares of the stock in a transaction on Wednesday, January 10th. The stock was purchased at an average price of GBX 528 ($7.16) per share, for a total transaction of £316.80 ($429.62). Insiders acquired 186 shares of company stock valued at $95,184 in the last quarter.

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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.

Analyst Recommendations for BP (LON:BP)

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