Vetr downgraded shares of BP (NYSE:BP) from a strong-buy rating to a buy rating in a report published on Wednesday morning. They currently have $44.43 price objective on the oil and gas exploration company’s stock.
BP has been the topic of several other research reports. Zacks Investment Research upgraded BP from a hold rating to a buy rating and set a $44.00 price objective on the stock in a research note on Tuesday, March 6th. Royal Bank of Canada upgraded BP from a sector perform rating to an outperform rating and upped their price objective for the company from $33.10 to $40.10 in a research note on Monday, February 26th. Morgan Stanley cut BP from an overweight rating to an equal weight rating in a research note on Tuesday, February 13th. Piper Jaffray Companies restated a buy rating and set a $51.00 price objective on shares of BP in a research note on Wednesday, January 24th. Finally, ValuEngine upgraded BP from a hold rating to a buy rating in a research note on Thursday, March 1st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $40.26.
BP stock opened at $40.13 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.55. BP has a one year low of $33.57 and a one year high of $44.62. The company has a market capitalization of $129,209.52, a PE ratio of 39.34, a P/E/G ratio of 0.76 and a beta of 0.98.
BP (NYSE:BP) last released its quarterly earnings results on Tuesday, February 6th. The oil and gas exploration company reported $0.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.02). BP had a return on equity of 6.19% and a net margin of 1.39%. The business had revenue of $67.82 billion during the quarter, compared to analyst estimates of $56.85 billion. During the same quarter last year, the firm posted $0.13 EPS. The company’s revenue was up 33.0% compared to the same quarter last year. analysts forecast that BP will post 2.73 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, February 16th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 5.98%. The ex-dividend date is Thursday, February 15th. BP’s dividend payout ratio (DPR) is presently 233.34%.
Several large investors have recently bought and sold shares of the company. Stock Yards Bank & Trust Co. grew its holdings in shares of BP by 11.1% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 11,718 shares of the oil and gas exploration company’s stock valued at $493,000 after purchasing an additional 1,167 shares during the last quarter. NEXT Financial Group Inc grew its holdings in shares of BP by 6.4% during the fourth quarter. NEXT Financial Group Inc now owns 20,313 shares of the oil and gas exploration company’s stock valued at $854,000 after purchasing an additional 1,225 shares during the last quarter. Glenview Trust Co grew its holdings in shares of BP by 5.4% during the fourth quarter. Glenview Trust Co now owns 25,283 shares of the oil and gas exploration company’s stock valued at $1,063,000 after purchasing an additional 1,300 shares during the last quarter. Anchor Capital Advisors LLC grew its holdings in shares of BP by 4.2% during the fourth quarter. Anchor Capital Advisors LLC now owns 32,400 shares of the oil and gas exploration company’s stock valued at $1,362,000 after purchasing an additional 1,320 shares during the last quarter. Finally, Segall Bryant & Hamill LLC grew its holdings in shares of BP by 5.9% during the fourth quarter. Segall Bryant & Hamill LLC now owns 26,244 shares of the oil and gas exploration company’s stock valued at $1,103,000 after purchasing an additional 1,469 shares during the last quarter. 10.17% of the stock is owned by institutional investors.
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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.
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