Jefferies Group LLC Analysts Give BP p.l.c. (BP) a $36.00 Price Target
Jefferies Group LLC set a $36.00 target price on BP p.l.c. (NYSE:BP) in a research note published on Tuesday. The firm currently has a hold rating on the oil and gas exploration company’s stock. Jefferies Group also issued estimates for BP p.l.c.’s FY2017 earnings at $1.64 EPS, FY2018 earnings at $1.97 EPS and FY2019 earnings at $2.39 EPS.
Several other analysts have also weighed in on BP. Vetr lowered BP p.l.c. from a buy rating to a hold rating and set a $33.35 price objective on the stock. in a report on Monday, May 1st. Argus lifted their price objective on BP p.l.c. from $36.00 to $41.00 and gave the stock a buy rating in a report on Thursday, June 1st. TheStreet raised BP p.l.c. from a c rating to a b- rating in a report on Tuesday, May 30th. Zacks Investment Research raised BP p.l.c. from a strong sell rating to a hold rating in a report on Tuesday, June 6th. Finally, Morgan Stanley reissued a buy rating on shares of BP p.l.c. in a report on Monday, June 12th. Four investment 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. BP p.l.c. currently has a consensus rating of Hold and an average target price of $36.26.
BP p.l.c. (BP) opened at 34.77 on Tuesday. The company’s 50-day moving average price is $34.99 and its 200 day moving average price is $34.87. BP p.l.c. has a 52 week low of $32.53 and a 52 week high of $38.68. The company has a market capitalization of $114.08 billion, a PE ratio of 30.34 and a beta of 0.93.
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 Thomson Reuters’ 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 firm had revenue of $56.51 billion for the quarter, compared to analyst estimates of $56.09 billion. During the same period in the previous year, the business posted $0.23 EPS. BP p.l.c.’s revenue for the quarter was up 21.7% compared to the same quarter last year. On average, equities research analysts anticipate that BP p.l.c. will post $1.67 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, August 11th will be given a dividend of $0.595 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 6.84%. BP p.l.c.’s payout ratio is currently 206.96%.
Large investors have recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC increased its stake in BP p.l.c. by 0.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 4,878 shares of the oil and gas exploration company’s stock worth $169,000 after buying an additional 26 shares during the last quarter. Plancorp LLC increased its stake in BP p.l.c. by 0.3% in the first quarter. Plancorp LLC now owns 12,697 shares of the oil and gas exploration company’s stock worth $437,000 after buying an additional 36 shares during the last quarter. Cambridge Trust Co. increased its stake in BP p.l.c. by 0.7% in the first quarter. Cambridge Trust Co. now owns 7,283 shares of the oil and gas exploration company’s stock worth $251,000 after buying an additional 54 shares during the last quarter. Johnson Financial Group Inc. increased its stake in BP p.l.c. by 1.2% in the second quarter. Johnson Financial Group Inc. now owns 4,672 shares of the oil and gas exploration company’s stock worth $162,000 after buying an additional 55 shares during the last quarter. Finally, GHP Investment Advisors Inc. increased its stake in BP p.l.c. by 0.5% in the first quarter. GHP Investment Advisors Inc. now owns 14,046 shares of the oil and gas exploration company’s stock worth $485,000 after buying an additional 67 shares during the last quarter. Institutional investors own 10.10% of the company’s stock.
BP p.l.c. Company Profile
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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