Vetr Inc. Upgrades BP p.l.c. (BP) to “Buy”

BP p.l.c. (NYSE:BP) was upgraded by stock analysts at Vetr from a “hold” rating to a “buy” rating in a report released on Friday. The firm currently has a $40.48 price target on the oil and gas exploration company’s stock. Vetr‘s price objective indicates a potential upside of 4.41% from the company’s current price.

Several other analysts also recently commented on BP. BidaskClub downgraded BP p.l.c. from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Societe Generale downgraded BP p.l.c. from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $35.04 to $34.90 in a research note on Wednesday, July 26th. Scotiabank set a $37.00 price target on BP p.l.c. and gave the company a “buy” rating in a research report on Tuesday, August 1st. Piper Jaffray Companies raised BP p.l.c. from a “neutral” rating to an “overweight” rating and increased their price target for the company from $36.33 to $42.00 in a research report on Friday, August 4th. Finally, TheStreet downgraded BP p.l.c. from a “b-” rating to a “c” rating in a research report on Thursday, August 10th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the stock. BP p.l.c. currently has an average rating of “Hold” and a consensus target price of $38.66.



Shares of BP p.l.c. (NYSE:BP) opened at $38.77 on Friday. The company has a market capitalization of $128,000.00, a P/E ratio of 28.91, a PEG ratio of 1.19 and a beta of 0.98. BP p.l.c. has a 52 week low of $33.10 and a 52 week high of $41.55. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.57.

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Institutional investors have recently bought and sold shares of the company. Stonebridge Capital Advisors LLC boosted its holdings in shares of BP p.l.c. by 3.8% in the first quarter. Stonebridge Capital Advisors LLC now owns 63,117 shares of the oil and gas exploration company’s stock worth $2,179,000 after acquiring an additional 2,304 shares during the period. Cambridge Investment Research Advisors Inc. bought a new position in shares of BP p.l.c. in the second quarter worth $10,896,000. Geneva Advisors LLC boosted its holdings in shares of BP p.l.c. by 6.2% in the second quarter. Geneva Advisors LLC now owns 17,011 shares of the oil and gas exploration company’s stock worth $589,000 after acquiring an additional 1,000 shares during the period. Airain ltd boosted its holdings in shares of BP p.l.c. by 11.8% in the second quarter. Airain ltd now owns 190,122 shares of the oil and gas exploration company’s stock worth $6,588,000 after acquiring an additional 20,095 shares during the period. Finally, Atlantic Trust Group LLC boosted its holdings in shares of BP p.l.c. by 24.5% in the second quarter. Atlantic Trust Group LLC now owns 57,428 shares of the oil and gas exploration company’s stock worth $1,991,000 after acquiring an additional 11,295 shares during the period. 9.94% of the stock is owned by hedge funds and other institutional investors.

About BP p.l.c.

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.

Analyst Recommendations for BP p.l.c. (NYSE:BP)

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