Shares of BP plc (NYSE:BP) have received an average rating of “Buy” from the eighteen research firms that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $55.61.
BP has been the subject of a number of recent analyst reports. Piper Jaffray Companies reiterated an “overweight” rating on shares of BP in a report on Tuesday, October 23rd. Zacks Investment Research upgraded shares of BP from a “strong sell” rating to a “hold” rating in a report on Friday. Wells Fargo & Co initiated coverage on shares of BP in a report on Tuesday, December 18th. They set a “market perform” rating and a $41.00 price target for the company. Finally, Raymond James upgraded shares of BP from a “market perform” rating to an “outperform” rating in a report on Tuesday, November 20th. They noted that the move was a valuation call.
Large investors have recently added to or reduced their stakes in the company. Eukles Asset Management bought a new position in BP during the 4th quarter valued at about $26,000. JNBA Financial Advisors bought a new position in shares of BP in the 4th quarter worth approximately $29,000. Reilly Financial Advisors LLC lifted its stake in shares of BP by 98.1% in the 4th quarter. Reilly Financial Advisors LLC now owns 1,050 shares of the oil and gas exploration company’s stock worth $40,000 after purchasing an additional 520 shares during the period. Financial Gravity Companies Inc. bought a new position in shares of BP in the 4th quarter worth approximately $43,000. Finally, Highwater Wealth Management LLC bought a new position in shares of BP in the 4th quarter worth approximately $46,000. 11.09% of the stock is currently owned by hedge funds and other institutional investors.
BP stock traded down $0.33 during midday trading on Wednesday, reaching $42.17. The company had a trading volume of 4,267,296 shares, compared to its average volume of 6,233,067. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.04 and a quick ratio of 0.78. BP has a 1 year low of $36.28 and a 1 year high of $47.83. The stock has a market cap of $142.05 billion, a PE ratio of 11.10, a P/E/G ratio of 1.84 and a beta of 0.82.
BP (NYSE:BP) last released its quarterly earnings results on Tuesday, February 5th. The oil and gas exploration company reported $1.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.27. BP had a net margin of 3.09% and a return on equity of 12.45%. The business had revenue of $75.68 billion during the quarter, compared to analysts’ expectations of $78.78 billion. During the same quarter in the previous year, the company earned $0.11 EPS. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. On average, research analysts expect that BP will post 3.27 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, February 15th will be given a $0.615 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date is Thursday, February 14th. BP’s dividend payout ratio is presently 64.21%.
BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).
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