BP (NYSE:BP) was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Monday. The brokerage currently has a $44.43 target price on the oil and gas exploration company’s stock. Vetr‘s target price would suggest a potential upside of 12.14% from the company’s current price.
Several other research analysts have also weighed in on the company. Zacks Investment Research raised BP from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Tuesday, November 7th. Evercore ISI upped their target price on BP from $43.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 1st. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $51.00 target price on shares of BP in a research report on Wednesday, January 24th. Cowen reaffirmed a “hold” rating and issued a $39.00 target price on shares of BP in a research report on Tuesday, October 24th. Finally, TheStreet raised BP from a “c” rating to a “b” rating in a research report on Wednesday, November 8th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $40.31.
BP (BP) opened at $39.62 on Monday. The firm has a market capitalization of $132,470.00, a price-to-earnings ratio of 38.47, a P/E/G ratio of 0.77 and a beta of 0.92. BP has a 52-week low of $33.10 and a 52-week high of $44.62. The company has a current ratio of 1.16, a quick ratio of 0.86 and a debt-to-equity ratio of 0.55.
BP (NYSE:BP) last posted its quarterly earnings results on Tuesday, February 6th. The oil and gas exploration company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.02). The business had revenue of $67.82 billion for the quarter, compared to analyst estimates of $56.85 billion. BP had a net margin of 1.39% and a return on equity of 6.19%. The firm’s quarterly revenue was up 33.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 earnings per share. equities analysts predict that BP will post 2.74 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of BP. Stonehearth Capital Management LLC acquired a new position in shares of BP during the 4th quarter valued at about $115,000. Itau Unibanco Holding S.A. increased its holdings in shares of BP by 121.3% during the 4th quarter. Itau Unibanco Holding S.A. now owns 2,740 shares of the oil and gas exploration company’s stock valued at $115,000 after acquiring an additional 1,502 shares during the last quarter. Pinnacle Wealth Planning Services Inc. acquired a new position in shares of BP during the 4th quarter valued at about $129,000. Cable Hill Partners LLC increased its holdings in shares of BP by 639.9% during the 3rd quarter. Cable Hill Partners LLC now owns 3,559 shares of the oil and gas exploration company’s stock valued at $137,000 after acquiring an additional 3,078 shares during the last quarter. Finally, Truewealth LLC acquired a new position in shares of BP during the 4th quarter valued at about $138,000. 10.02% of the stock is currently owned by institutional investors and hedge funds.
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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.
To view Vetr’s full report, visit Vetr’s official website.
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