BP Midstream Partners (BPMP) Now Covered by Analysts at Bank of America

Bank of America initiated coverage on shares of BP Midstream Partners (NYSE:BPMP) in a research note issued to investors on Friday. The brokerage issued a neutral rating and a $22.00 price target on the stock.

Several other research firms have also recently weighed in on BPMP. Citigroup cut shares of BP Midstream Partners from a buy rating to a neutral rating in a report on Tuesday, January 9th. Barclays began coverage on shares of BP Midstream Partners in a report on Monday, November 20th. They issued an equal weight rating and a $20.00 price target on the stock. Morgan Stanley began coverage on shares of BP Midstream Partners in a report on Monday, November 20th. They issued an equal weight rating and a $20.00 price target on the stock. Goldman Sachs Group began coverage on shares of BP Midstream Partners in a report on Monday, November 20th. They issued a neutral rating and a $22.00 price target on the stock. Finally, JPMorgan Chase & Co. began coverage on shares of BP Midstream Partners in a report on Monday, November 20th. They issued an overweight rating on the stock. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. BP Midstream Partners presently has an average rating of Hold and a consensus price target of $20.75.

Shares of BP Midstream Partners (NYSE BPMP) traded up $0.11 during mid-day trading on Friday, hitting $21.22. 101,300 shares of the stock were exchanged, compared to its average volume of 298,000. BP Midstream Partners has a 12 month low of $16.85 and a 12 month high of $21.98.

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

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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)

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