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.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BP. Burt Wealth Advisors lifted its stake in shares of BP by 6.8% in the 2nd quarter. Burt Wealth Advisors now owns 3,136 shares of the oil and gas exploration company’s stock valued at $108,000 after purchasing an additional 200 shares during the period. Vestor Capital LLC purchased a new position in shares of BP in the 2nd quarter valued at approximately $116,000. Cable Hill Partners LLC lifted its stake in shares of BP by 639.9% in the 3rd quarter. Cable Hill Partners LLC now owns 3,559 shares of the oil and gas exploration company’s stock valued at $137,000 after purchasing an additional 3,078 shares during the period. Fieldpoint Private Securities LLC purchased a new position in shares of BP in the 3rd quarter valued at approximately $151,000. Finally, Johnson Financial Group Inc. lifted its stake in shares of BP by 1.2% in the 2nd quarter. Johnson Financial Group Inc. now owns 4,672 shares of the oil and gas exploration company’s stock valued at $162,000 after purchasing an additional 55 shares during the period. Institutional investors and hedge funds own 9.97% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece of content was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/12/14/vetr-downgrades-bp-bp-to-hold.html.

About BP

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 (NYSE:BP)

Receive News & Stock Ratings for BP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP and related stocks with our FREE daily email newsletter.