Shares of BP Midstream Partners LP (NYSE:BPMP) have been given an average recommendation of “Hold” by the twelve ratings firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $20.88.

BPMP has been the subject of several research analyst reports. Mizuho set a $71.00 target price on shares of CVS Health and gave the company a “buy” rating in a report on Wednesday, June 5th. Zacks Investment Research cut shares of Haynes International from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th.

Shares of NYSE:BPMP traded down $0.15 during trading hours on Friday, reaching $16.03. The stock had a trading volume of 9,508 shares, compared to its average volume of 123,560. BP Midstream Partners has a 1 year low of $13.80 and a 1 year high of $22.36. The business’s 50 day moving average is $15.24. The company has a quick ratio of 13.47, a current ratio of 13.47 and a debt-to-equity ratio of 2.17. The stock has a market cap of $1.70 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 1.16 and a beta of 0.56.

BP Midstream Partners (NYSE:BPMP) last issued its earnings results on Thursday, May 9th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. BP Midstream Partners had a net margin of 116.33% and a return on equity of 34.99%. The business had revenue of $30.20 million during the quarter, compared to analysts’ expectations of $31.02 million. During the same quarter in the prior year, the business posted $0.29 EPS. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. Equities research analysts anticipate that BP Midstream Partners will post 1.39 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of BPMP. BlackRock Inc. increased its position in shares of BP Midstream Partners by 1.2% during the fourth quarter. BlackRock Inc. now owns 626,142 shares of the company’s stock worth $9,730,000 after acquiring an additional 7,602 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of BP Midstream Partners by 27.2% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 44,400 shares of the company’s stock worth $690,000 after acquiring an additional 9,500 shares during the period. Northern Trust Corp increased its position in shares of BP Midstream Partners by 4.9% during the fourth quarter. Northern Trust Corp now owns 62,175 shares of the company’s stock worth $966,000 after acquiring an additional 2,905 shares during the period. Barclays PLC purchased a new position in shares of BP Midstream Partners during the fourth quarter worth approximately $164,000. Finally, Energy Income Partners LLC increased its position in shares of BP Midstream Partners by 56.7% during the fourth quarter. Energy Income Partners LLC now owns 2,817,004 shares of the company’s stock worth $43,776,000 after acquiring an additional 1,019,864 shares during the period. Hedge funds and other institutional investors own 45.71% of the company’s stock.

About BP Midstream Partners

BP Midstream Partners LP owns, acquires, develops, and operates pipelines and other midstream assets in the United States. It owns an onshore crude oil pipeline system, onshore refined products pipeline system, onshore diluent pipeline system, refined product terminalling system, and offshore natural gas pipeline system, as well as interests in five offshore crude oil pipeline systems.

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Analyst Recommendations for BP Midstream Partners (NYSE:BPMP)

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