BP’s (BP) Buy Rating Reaffirmed at UBS Group

UBS Group reaffirmed their buy rating on shares of BP (LON:BP) in a research note issued to investors on Thursday, ThisIsMoney.Co.Uk reports.

Several other research firms also recently commented on BP. Goldman Sachs Group set a GBX 750 ($9.87) price objective on shares of BP and gave the company a buy rating in a report on Tuesday, February 4th. Jefferies Financial Group reiterated a buy rating and issued a GBX 590 ($7.76) price objective on shares of BP in a report on Tuesday, February 4th. DZ Bank decreased their price objective on shares of BP from GBX 600 ($7.89) to GBX 560 ($7.37) and set a buy rating on the stock in a report on Wednesday, February 5th. Barclays reiterated a buy rating and issued a GBX 650 ($8.55) price objective on shares of BP in a report on Tuesday. Finally, Liberum Capital decreased their price objective on shares of BP from GBX 560 ($7.37) to GBX 540 ($7.10) and set a buy rating on the stock in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of GBX 601.47 ($7.91).

BP traded down GBX 3.10 ($0.04) during trading on Thursday, reaching GBX 456.85 ($6.01). 23,380,830 shares of the stock were exchanged, compared to its average volume of 35,510,000. BP has a twelve month low of GBX 4.69 ($0.06) and a twelve month high of GBX 583.40 ($7.67). The stock has a market cap of $93.73 billion and a P/E ratio of 23.19. The stock’s 50 day moving average price is GBX 482.31 and its two-hundred day moving average price is GBX 495.57. The company has a debt-to-equity ratio of 76.90, a quick ratio of 0.66 and a current ratio of 1.12.

The firm also recently declared a dividend, which will be paid on Friday, March 27th. Investors of record on Thursday, February 13th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This is an increase from BP’s previous dividend of $0.10. This represents a dividend yield of 1.78%. BP’s dividend payout ratio is 1.62%.

In other BP news, insider Brian Gilvary purchased 65 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were acquired at an average cost of GBX 492 ($6.47) per share, for a total transaction of £319.80 ($420.68).

BP Company Profile

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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Analyst Recommendations for BP (LON:BP)

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