News stories about BP (NYSE:BP) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. BP earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned media coverage about the oil and gas exploration company an impact score of 45.5282535362266 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Woolies strikes ‘Plan B’ deal with Caltex after BP sale collapse (smh.com.au)
- BP offloads 130,000 T Angolan oil to Shandong refiner after 2 months on water – sources (hellenicshippingnews.com)
- MARKET REPORT: North Sea oil explorer Hurricane Energy is thrust into limelight as a BP takeover target (thisismoney.co.uk)
- Mind-boggling Stocks: BP plc (NYSE:BP), KCAP Financial, Inc. (NASDAQ:KCAP), HCA Healthcare, Inc. (NYSE:HCA) (thestreetpoint.com)
- 5 of the hottest FTSE 100 shares? easyJet plc, BP plc, Unilever plc, SSE PLC and Tesco PLC (investomania.co.uk)
BP opened at $45.90 on Thursday. BP has a 1 year low of $33.90 and a 1 year high of $47.83. The stock has a market capitalization of $152.65 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 0.79 and a beta of 0.89. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.81 and a current ratio of 1.13.
BP (NYSE:BP) last released its quarterly earnings results on Tuesday, May 1st. The oil and gas exploration company reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.11. BP had a return on equity of 7.22% and a net margin of 1.71%. The firm had revenue of $68.17 billion for the quarter, compared to the consensus estimate of $69.40 billion. During the same quarter last year, the business posted $0.08 EPS. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. analysts expect that BP will post 3.34 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 22nd. Shareholders of record on Friday, May 11th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 5.23%. The ex-dividend date was Thursday, May 10th. BP’s dividend payout ratio is 126.60%.
Several analysts recently commented on BP shares. Citigroup raised BP from a “neutral” rating to a “buy” rating in a research note on Thursday, March 29th. Santander downgraded BP from a “hold” rating to an “underperform” rating in a research note on Monday, May 21st. Goldman Sachs Group raised BP from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $43.91 to $54.00 in a research note on Monday, April 23rd. Zacks Investment Research downgraded BP from a “buy” rating to a “hold” rating in a research note on Friday, March 23rd. Finally, Macquarie raised BP from an “underperform” rating to a “neutral” rating in a research note on Thursday, April 26th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $44.54.
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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