BP PLC (NYSE:BP) Receives $39.19 Consensus Target Price from Analysts
Shares of BP PLC (NYSE:BP) have been given a consensus rating of “Buy” by the twenty-two ratings firms that are currently covering the firm. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $39.19.
A number of research firms recently weighed in on BP. Collins Stewart reissued a “buy” rating on shares of BP PLC in a research report on Sunday, September 11th. Jefferies Group reissued a “hold” rating on shares of BP PLC in a research report on Thursday, September 8th. Vetr lowered shares of BP PLC from a “buy” rating to a “hold” rating and set a $36.43 price target on the stock. in a research report on Thursday, September 8th. Credit Agricole SA reissued a “buy” rating on shares of BP PLC in a research report on Tuesday, August 16th. Finally, Citigroup Inc. reissued a “buy” rating on shares of BP PLC in a research report on Wednesday, July 27th.
Several institutional investors have recently bought and sold shares of the company. Williams Jones & Associates LLC raised its position in BP PLC by 12.1% in the second quarter. Williams Jones & Associates LLC now owns 13,453 shares of the oil and gas exploration company’s stock worth $478,000 after buying an additional 1,450 shares during the period. Nomura Holdings Inc. purchased a new position in BP PLC during the second quarter worth approximately $8,813,000. Optimum Investment Advisors raised its position in BP PLC by 2.0% in the second quarter. Optimum Investment Advisors now owns 20,192 shares of the oil and gas exploration company’s stock worth $717,000 after buying an additional 400 shares during the period. Cohen & Steers Inc. raised its position in BP PLC by 57.8% in the second quarter. Cohen & Steers Inc. now owns 159,472 shares of the oil and gas exploration company’s stock worth $5,663,000 after buying an additional 58,400 shares during the period. Finally, Investment Centers of America Inc. purchased a new position in BP PLC during the second quarter worth approximately $3,643,000. Hedge funds and other institutional investors own 12.65% of the company’s stock.
Shares of BP PLC (NYSE:BP) opened at 33.31 on Wednesday. The firm has a 50-day moving average of $33.99 and a 200-day moving average of $32.73. The company’s market cap is $104.24 billion. BP PLC has a 12-month low of $27.01 and a 12-month high of $37.53.
BP PLC (NYSE:BP) last released its quarterly earnings data on Tuesday, July 26th. The oil and gas exploration company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by $0.05. BP PLC had a negative net margin of 2.76% and a positive return on equity of 3.32%. The business earned $46.44 billion during the quarter, compared to the consensus estimate of $50.22 billion. During the same period last year, the business posted $0.07 earnings per share. The firm’s quarterly revenue was down 25.7% on a year-over-year basis. Analysts predict that BP PLC will post $1.11 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, August 5th were paid a $0.595 dividend. The ex-dividend date of this dividend was Wednesday, August 3rd. This represents a $2.38 annualized dividend and a dividend yield of 7.15%. BP PLC’s payout ratio is -139.18%.
About BP PLC
BP p.l.c. is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. The Company operates through three segments: Upstream, Downstream and Rosneft.
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