BP PLC (BP) Receives Outperform Rating from BNP Paribas
BP has been the subject of several other reports. Vetr upgraded BP PLC from a hold rating to a buy rating and set a $33.74 target price for the company in a research note on Monday, June 13th. Citigroup Inc. reiterated a buy rating on shares of BP PLC in a research note on Wednesday, June 22nd. Jefferies Group increased their target price on BP PLC from $31.00 to $33.00 and gave the company a hold rating in a research note on Monday, July 11th. Collins Stewart reissued a buy rating on shares of BP PLC in a research report on Sunday, September 11th. Finally, Credit Agricole SA reissued a buy rating on shares of BP PLC in a research report on Tuesday, August 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the company. BP PLC presently has a consensus rating of Buy and an average target price of $38.63.
Shares of BP PLC (NYSE:BP) traded down 0.36% during trading on Tuesday, hitting $35.65. 2,108,369 shares of the stock were exchanged. BP PLC has a 12-month low of $27.01 and a 12-month high of $37.53. The company’s market cap is $111.57 billion. The firm has a 50 day moving average of $34.48 and a 200-day moving average of $33.31.
BP PLC (NYSE:BP) last released its earnings results on Tuesday, July 26th. The oil and gas exploration company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.05. The business had revenue of $46.44 billion for the quarter, compared to analysts’ expectations of $50.22 billion. BP PLC had a negative net margin of 2.76% and a positive return on equity of 3.32%. The business’s quarterly revenue was down 25.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.07 earnings per share. On average, analysts forecast that BP PLC will post $1.09 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, August 5th were paid a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 6.65%. The ex-dividend date was Wednesday, August 3rd. BP PLC’s dividend payout ratio (DPR) is presently -139.18%.
Several large investors have recently bought and sold shares of the company. Washington Trust Bank increased its stake in BP PLC by 165.9% in the second quarter. Washington Trust Bank now owns 3,337 shares of the oil and gas exploration company’s stock worth $118,000 after buying an additional 2,082 shares during the period. Krilogy Financial LLC increased its position in shares of BP PLC by 18.8% in the second quarter. Krilogy Financial LLC now owns 3,514 shares of the oil and gas exploration company’s stock worth $125,000 after buying an additional 555 shares during the last quarter. Farmers National Bank bought a new position in shares of BP PLC during the second quarter worth $131,000. Advisory Services Network LLC increased its position in shares of BP PLC by 121.7% in the third quarter. Advisory Services Network LLC now owns 3,860 shares of the oil and gas exploration company’s stock worth $136,000 after buying an additional 2,119 shares during the last quarter. Finally, Kistler Tiffany Companies LLC increased its position in shares of BP PLC by 0.6% in the second quarter. Kistler Tiffany Companies LLC now owns 4,116 shares of the oil and gas exploration company’s stock worth $146,000 after buying an additional 26 shares during the last quarter. 12.06% of the stock is owned by institutional investors.
About BP PLC
BP p.l.c. is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. The Company operates through three segments: Upstream, Downstream and Rosneft.
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