Positive News Coverage Somewhat Unlikely to Affect BP p.l.c. (BP) Share Price
News headlines about BP p.l.c. (NYSE:BP) have trended positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. BP p.l.c. earned a daily sentiment score of 0.25 on Accern’s scale. Accern also assigned media stories about the oil and gas exploration company an impact score of 46.2084053391982 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have effected Accern’s scoring:
- China To Dictate Energy Growth In Coming Years (finance.yahoo.com)
- ONGC Videsh, consortium partners get Azerbaijan oil field contract extension (livemint.com)
- BP: Boring is Beautiful (finance.yahoo.com)
- Reviewing BP p.l.c. (BP) & Midcoast Energy Partners (MEP) (americanbankingnews.com)
BP p.l.c. (BP) traded up 0.19% on Monday, reaching $36.65. 5,423,492 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $35.25 and a 200-day moving average of $35.03. BP p.l.c. has a 12-month low of $32.53 and a 12-month high of $38.68. The company has a market cap of $120.25 billion, a P/E ratio of 31.98 and a beta of 0.93.
BP p.l.c. (NYSE:BP) last released its quarterly earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.18). The business had revenue of $56.51 billion during the quarter, compared to analyst estimates of $56.09 billion. BP p.l.c. had a net margin of 1.74% and a return on equity of 3.64%. The firm’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.23 earnings per share. Equities analysts expect that BP p.l.c. will post $1.65 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders 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 dividend yield of 6.49%. BP p.l.c.’s dividend payout ratio is presently 206.96%.
BP has been the topic of a number of analyst reports. BidaskClub cut BP p.l.c. from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. Jefferies Group LLC set a $36.00 target price on BP p.l.c. and gave the company a “hold” rating in a research report on Tuesday, August 29th. Zacks Investment Research upgraded BP p.l.c. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 6th. BMO Capital Markets upgraded BP p.l.c. from a “market perform” rating to an “outperform” rating in a research report on Monday. Finally, Societe Generale cut BP p.l.c. from a “buy” rating to a “hold” rating and dropped their target price for the company from $35.04 to $34.90 in a research report on Wednesday, July 26th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company’s stock. BP p.l.c. presently has a consensus rating of “Hold” and a consensus target price 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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