Research analysts at Credit Suisse Group started coverage on shares of BP Midstream Partners (NYSE:BPMP) in a research report issued on Thursday. The firm set a “neutral” rating on the stock.

A number of other equities research analysts have also recently commented on the company. Mitsubishi UFJ Financial Group assumed coverage on BP Midstream Partners in a research note on Friday, December 15th. They set a “neutral” rating and a $21.00 price objective for the company. UBS Group assumed coverage on BP Midstream Partners in a research note on Monday, November 20th. They set a “buy” rating and a $21.00 price objective for the company. Morgan Stanley assumed coverage on BP Midstream Partners in a research note on Monday, November 20th. They set an “equal weight” rating and a $20.00 price objective for the company. Goldman Sachs Group assumed coverage on BP Midstream Partners in a research note on Monday, November 20th. They issued a “neutral” rating and a $22.00 target price for the company. Finally, Citigroup assumed coverage on BP Midstream Partners in a research note on Monday, November 20th. They issued a “buy” rating and a $21.00 target price for the company. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. BP Midstream Partners has an average rating of “Hold” and an average price target of $20.83.

Shares of BP Midstream Partners (BPMP) traded up $0.68 during trading on Thursday, hitting $21.86. The company had a trading volume of 929,507 shares, compared to its average volume of 532,800. BP Midstream Partners has a twelve month low of $16.85 and a twelve month high of $21.98. The firm has a market capitalization of $2,290.00 and a PE ratio of 52.05.

In other news, insider Robert P. Zinsmeister acquired 5,555 shares of BP Midstream Partners stock in a transaction dated Monday, October 30th. The stock was bought at an average cost of $18.00 per share, with a total value of $99,990.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Clive Christison acquired 2,500 shares of BP Midstream Partners stock in a transaction dated Monday, October 30th. The shares were purchased at an average cost of $18.00 per share, with a total value of $45,000.00. The disclosure for this purchase can be found here.

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BP Midstream Partners Company Profile

BP Midstream Partners LP is a master limited partnership formed by BP Pipelines (North America) Inc The Company owns, operates, develops and acquires pipelines and other midstream assets. It owns one onshore crude oil pipeline system, one onshore refined products pipeline system, one onshore diluent pipeline system, interests in four offshore crude oil pipeline systems and an interest in one offshore natural gas pipeline system.

Analyst Recommendations for BP Midstream Partners (NYSE:BPMP)

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