BP p.l.c. (BP) Getting Somewhat Favorable Media Coverage, Analysis Shows
Headlines about BP p.l.c. (NYSE:BP) have been trending somewhat positive on Tuesday, Accern Sentiment reports. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. BP p.l.c. earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned news articles about the oil and gas exploration company an impact score of 46.0240774209842 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Accern’s rankings:
- BP p.l.c. (BP) Given a $36.00 Price Target by Jefferies Group LLC Analysts (americanbankingnews.com)
- Should You Buy BP plc (BP) or Encana Corporation (ECA)? – Economic News (economicsandmoney.com)
- Marine Bunker Oil Market: Industry Forecast 2017-2023 (sbwire.com)
- RIL, BP to use floating system to produce deepest D6 gas find – Economic Times (economictimes.indiatimes.com)
- BP p.l.c. (BP) Given a $39.00 Price Target at Piper Jaffray Companies (americanbankingnews.com)
BP p.l.c. (BP) traded down 0.29% during midday trading on Tuesday, reaching $34.37. 2,706,167 shares of the company were exchanged. The firm’s 50-day moving average price is $34.99 and its 200 day moving average price is $34.87. The stock has a market capitalization of $112.77 billion, a price-to-earnings ratio of 29.99 and a beta of 0.94. BP p.l.c. has a 52-week low of $32.53 and a 52-week high of $38.68.
BP p.l.c. (NYSE:BP) last announced its quarterly earnings data on Tuesday, August 1st. The oil and gas exploration company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.39 by $0.18. BP p.l.c. had a return on equity of 3.64% and a net margin of 1.74%. The business had revenue of $56.51 billion for the quarter, compared to the consensus estimate of $56.09 billion. During the same quarter in the prior year, the company earned $0.23 earnings per share. BP p.l.c.’s quarterly revenue was up 21.7% compared to the same quarter last year. Equities analysts predict that BP p.l.c. will post $1.69 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, August 11th will be given a $0.595 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $2.38 annualized dividend and a yield of 6.92%. BP p.l.c.’s dividend payout ratio is presently 206.96%.
A number of equities analysts have issued reports on BP shares. Piper Jaffray Companies set a $39.00 target price on shares of BP p.l.c. and gave the stock a “buy” rating in a research report on Friday. Kepler Capital Markets cut shares of BP p.l.c. from a “hold” rating to a “reduce” rating in a research report on Friday, June 30th. BidaskClub cut shares of BP p.l.c. from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. Vetr cut shares of BP p.l.c. from a “buy” rating to a “hold” rating and set a $33.35 target price for the company. in a research report on Monday, May 1st. Finally, Argus lifted their target price on shares of BP p.l.c. from $36.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, June 1st. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $36.26.
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.
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