BP plc (NYSE:BP) has been given a consensus rating of “Hold” by the nineteen research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $43.65.
A number of research analysts have weighed in on BP shares. TheStreet upgraded shares of BP from a “c+” rating to a “b-” rating in a research report on Monday, May 21st. Zacks Investment Research upgraded shares of BP from a “hold” rating to a “strong-buy” rating and set a $51.00 price objective for the company in a research report on Friday, May 4th. Vetr downgraded shares of BP from a “strong-buy” rating to a “buy” rating and set a $44.43 price objective for the company. in a research report on Monday, March 12th. Scotiabank reiterated a “buy” rating and issued a $47.00 price objective on shares of BP in a research report on Monday, April 9th. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of BP in a research report on Tuesday, May 29th.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Vista LLC purchased a new stake in BP during the 1st quarter valued at about $406,000. Suntrust Banks Inc. grew its stake in shares of BP by 7.8% in the 1st quarter. Suntrust Banks Inc. now owns 560,856 shares of the oil and gas exploration company’s stock valued at $22,736,000 after buying an additional 40,553 shares during the period. Quad Cities Investment Group LLC purchased a new stake in shares of BP in the 1st quarter valued at approximately $280,000. Parsons Capital Management Inc. RI grew its stake in shares of BP by 13.7% in the 1st quarter. Parsons Capital Management Inc. RI now owns 27,074 shares of the oil and gas exploration company’s stock valued at $1,098,000 after buying an additional 3,266 shares during the period. Finally, CIBC World Markets Inc. grew its stake in shares of BP by 95.4% in the 1st quarter. CIBC World Markets Inc. now owns 161,891 shares of the oil and gas exploration company’s stock valued at $6,563,000 after buying an additional 79,054 shares during the period. 10.23% of the stock is owned by institutional investors.
NYSE BP traded down $0.01 on Tuesday, reaching $45.66. 4,237,273 shares of the company’s stock traded hands, compared to its average volume of 6,585,170. The company has a market capitalization of $151.12 billion, a PE ratio of 24.29, a P/E/G ratio of 0.79 and a beta of 0.89. BP has a fifty-two week low of $33.90 and a fifty-two week high of $47.83. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.13 and a quick ratio of 0.81.
BP (NYSE:BP) last posted its earnings results on Tuesday, May 1st. The oil and gas exploration company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.11. The company had revenue of $68.17 billion during the quarter, compared to the consensus estimate of $69.40 billion. BP had a net margin of 1.71% and a return on equity of 7.22%. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.08 earnings per share. research analysts expect that BP will post 3.34 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 22nd. Investors of record on Friday, May 11th were given a dividend of $0.60 per share. The ex-dividend date was Thursday, May 10th. This represents a $2.40 annualized dividend and a dividend yield of 5.26%. BP’s dividend payout ratio (DPR) is presently 126.60%.
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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