Vetr Downgrades BP (BP) to Hold
BP (NYSE:BP) was downgraded by equities researchers at Vetr from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday. They presently have a $41.28 price objective on the oil and gas exploration company’s stock. Vetr‘s price objective indicates a potential upside of 1.55% from the stock’s previous close.
Other equities analysts have also issued reports about the company. Zacks Investment Research upgraded BP from a “hold” rating to a “strong-buy” rating and set a $45.00 price target on the stock in a research report on Wednesday, November 22nd. TheStreet upgraded BP from a “c” rating to a “b” rating in a research report on Wednesday, November 8th. Scotiabank restated a “buy” rating and set a $39.00 price target on shares of BP in a research report on Wednesday, November 1st. Evercore ISI raised their price target on BP from $43.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 1st. Finally, Cowen restated a “hold” rating and set a $39.00 price target on shares of BP in a research report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. BP presently has a consensus rating of “Hold” and a consensus target price of $38.89.
BP (NYSE BP) opened at $40.65 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $134,231.23, a PE ratio of 29.68, a PEG ratio of 1.20 and a beta of 0.97. BP has a 1 year low of $33.10 and a 1 year high of $41.55.
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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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