BP Midstream Partners LP (BPMP) Receives New Coverage from Analysts at Goldman Sachs Group Inc
Goldman Sachs Group Inc initiated coverage on shares of BP Midstream Partners LP (NYSE:BPMP) in a research note released on Monday morning, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $22.00 price objective on the stock.
Other equities analysts have also recently issued research reports about the stock. Citigroup Inc. began coverage on shares of BP Midstream Partners in a research report on Monday. They set a buy rating and a $21.00 price objective on the stock. Barclays PLC began coverage on shares of BP Midstream Partners in a research report on Monday. They set an equal weight rating and a $20.00 price objective on the stock. Finally, J P Morgan Chase & Co began coverage on shares of BP Midstream Partners in a research report on Monday. They set an overweight rating on the stock. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $20.80.
Shares of BP Midstream Partners (BPMP) opened at $17.85 on Monday. BP Midstream Partners has a 1 year low of $16.85 and a 1 year high of $18.91.
In other BP Midstream Partners news, Director Clive Christison purchased 2,500 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were acquired at an average price of $18.00 per share, with a total value of $45,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Robert P. Zinsmeister purchased 5,555 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was acquired at an average cost of $18.00 per share, for a total transaction of $99,990.00. The disclosure for this purchase can be found here.
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.
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