BP (BP) Earning Somewhat Favorable News Coverage, Study Shows
Headlines about BP (NYSE:BP) have been trending somewhat positive on Thursday, Accern reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. BP earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned news articles about the oil and gas exploration company an impact score of 43.3400719555368 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern’s rankings:
- Court Of Appeal Sides With BP In Abu Dhabi Bank Case (law360.com)
- Iraq, BP Sign Deal To Boost Kirkuk Crude Output (epmag.com)
- BP Adds $1.7 Billion To Cover Costs of Deepwater Horizon — WSJ (foxbusiness.com)
- Stocks With Rising Relative Strength: BP (finance.yahoo.com)
- Iraq, BP sign initial deal to develop Kirkuk oil fields (marketbeat.com)
BP (NYSE BP) traded up $0.02 on Thursday, hitting $42.90. The company had a trading volume of 5,001,343 shares, compared to its average volume of 4,962,691. The firm has a market cap of $141,810.00, a PE ratio of 36.67, a P/E/G ratio of 0.90 and a beta of 0.97. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57. BP has a 1-year low of $33.10 and a 1-year high of $43.99.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Investors of record on Friday, November 10th were issued a $0.60 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.59%. This is a boost from BP’s previous quarterly dividend of $0.60. BP’s dividend payout ratio is currently 203.42%.
Several equities analysts have issued reports on BP shares. Vetr upgraded BP from a “hold” rating to a “buy” rating and set a $41.28 target price on the stock in a research report on Wednesday, December 6th. Zacks Investment Research cut BP from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Kepler Capital Markets upgraded BP from a “reduce” rating to a “hold” rating in a research report on Tuesday, October 3rd. Scotiabank reiterated a “buy” rating and set a $39.00 target price on shares of BP in a research report on Wednesday, November 1st. Finally, Cowen reiterated a “hold” rating and set a $39.00 target price on shares of BP in a research report on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $38.63.
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BP Company Profile
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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