BP p.l.c. (NYSE:BP) was upgraded by investment analysts at Kepler Capital Markets from a “reduce” rating to a “hold” rating in a research note issued on Tuesday.

Several other research firms also recently commented on BP. Piper Jaffray Companies reiterated a “buy” rating and issued a $39.00 target price on shares of BP p.l.c. in a research report on Thursday, September 28th. BMO Capital Markets upgraded BP p.l.c. from a “market perform” rating to an “outperform” rating in a research report on Monday, September 18th. BidaskClub upgraded BP p.l.c. from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 3rd. Morgan Stanley restated a “buy” rating on shares of BP p.l.c. in a research report on Monday, June 12th. Finally, J P Morgan Chase & Co restated an “overweight” rating on shares of BP p.l.c. in a research report on Monday, June 12th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $37.09.

Shares of BP p.l.c. (BP) opened at 38.65 on Tuesday. The firm’s 50-day moving average price is $36.02 and its 200 day moving average price is $35.38. The company has a market capitalization of $126.81 billion, a PE ratio of 33.73 and a beta of 0.95. BP p.l.c. has a one year low of $32.53 and a one year high of $38.81.

BP p.l.c. (NYSE:BP) last posted its 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 firm had revenue of $56.51 billion during the quarter, compared to the consensus estimate of $56.09 billion. BP p.l.c. had a net margin of 1.74% and a return on equity of 3.64%. BP p.l.c.’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 business posted $0.23 earnings per share. Analysts anticipate that BP p.l.c. will post $1.65 earnings per share for the current year.

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Several large investors have recently made changes to their positions in the stock. State Street Corp boosted its position in shares of BP p.l.c. by 2.0% during the first quarter. State Street Corp now owns 31,138,116 shares of the oil and gas exploration company’s stock valued at $1,074,889,000 after buying an additional 614,408 shares during the last quarter. BlackRock Inc. boosted its position in BP p.l.c. by 16,222.8% in the first quarter. BlackRock Inc. now owns 11,803,811 shares of the oil and gas exploration company’s stock worth $407,466,000 after purchasing an additional 11,731,496 shares during the last quarter. Morgan Stanley boosted its position in BP p.l.c. by 11.2% in the first quarter. Morgan Stanley now owns 6,186,085 shares of the oil and gas exploration company’s stock worth $213,544,000 after purchasing an additional 623,612 shares during the last quarter. Sound Shore Management Inc. CT boosted its position in BP p.l.c. by 8.1% in the first quarter. Sound Shore Management Inc. CT now owns 4,069,591 shares of the oil and gas exploration company’s stock worth $140,482,000 after purchasing an additional 303,382 shares during the last quarter. Finally, Brandes Investment Partners LP boosted its position in BP p.l.c. by 1.5% in the first quarter. Brandes Investment Partners LP now owns 3,507,691 shares of the oil and gas exploration company’s stock worth $121,085,000 after purchasing an additional 50,569 shares during the last quarter. 10.09% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for BP p.l.c. (NYSE:BP)

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