Media coverage about BP (NYSE:BP) has trended somewhat positive this week, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by reviewing more than 6,000 news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. BP earned a daily sentiment score of 1.33 on their scale. InfoTrie also assigned news articles about the oil and gas exploration company an news buzz score of 1 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted BP’s score:
Shares of BP stock traded up $0.41 on Friday, hitting $22.46. The stock had a trading volume of 12,825,400 shares, compared to its average volume of 9,144,628. The stock has a 50 day moving average of $24.09 and a 200 day moving average of $28.61. BP has a twelve month low of $15.51 and a twelve month high of $41.47. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.83 and a current ratio of 1.01. The firm has a market capitalization of $75.84 billion, a P/E ratio of -23.15 and a beta of 0.80.
BP (NYSE:BP) last released its quarterly earnings data on Tuesday, April 28th. The oil and gas exploration company reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.04). BP had a negative net margin of 1.19% and a positive return on equity of 8.53%. The firm had revenue of $59.65 billion during the quarter, compared to analyst estimates of $56.89 billion. During the same period in the prior year, the company earned $0.12 EPS. The business’s quarterly revenue was down 10.1% compared to the same quarter last year. Equities analysts expect that BP will post -0.14 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Monday, May 11th were paid a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 11.13%. The ex-dividend date was Friday, May 8th. BP’s dividend payout ratio is currently 84.75%.
Several equities research analysts recently weighed in on the stock. ValuEngine raised shares of BP from a “sell” rating to a “hold” rating in a research report on Friday, May 1st. Morgan Stanley cut shares of BP from an “equal weight” rating to an “underweight” rating in a research report on Thursday, May 14th. Barclays reaffirmed an “overweight” rating on shares of BP in a research report on Wednesday, July 1st. UBS Group reaffirmed a “buy” rating on shares of BP in a research report on Monday, June 15th. Finally, Wells Fargo & Co upped their price objective on shares of BP from $27.00 to $31.00 and gave the stock an “overweight” rating in a research report on Friday, April 3rd. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $37.51.
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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