BP p.l.c. (NYSE:BP) received a $36.00 price target from stock analysts at Jefferies Group LLC in a research report issued on Tuesday. The brokerage currently has a “hold” rating on the oil and gas exploration company’s stock. Jefferies Group LLC’s price objective would suggest a potential upside of 4.44% from the stock’s previous close.

BP has been the subject of a number of other research reports. Scotiabank set a $37.00 price objective on shares of BP p.l.c. and gave the company a “buy” rating in a research report on Tuesday, August 1st. BidaskClub downgraded shares of BP p.l.c. from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Vetr raised shares of BP p.l.c. from a “sell” rating to a “hold” rating and set a $33.35 price objective for the company in a research report on Monday, May 8th. J P Morgan Chase & Co reissued an “overweight” rating on shares of BP p.l.c. in a research report on Monday, June 12th. Finally, Kepler Capital Markets downgraded shares of BP p.l.c. from a “hold” rating to a “reduce” rating in a research report on Friday, June 30th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company. BP p.l.c. has a consensus rating of “Hold” and a consensus target price of $36.26.

Shares of BP p.l.c. (NYSE BP) traded down 0.52% on Tuesday, hitting $34.29. The stock had a trading volume of 433,324 shares. The company has a 50-day moving average of $34.99 and a 200 day moving average of $34.87. The company has a market capitalization of $112.51 billion, a price-to-earnings ratio of 29.92 and a beta of 0.94. BP p.l.c. has a 52 week low of $32.53 and a 52 week high of $38.68.

BP p.l.c. (NYSE:BP) last issued its quarterly earnings data on Tuesday, August 1st. The oil and gas exploration company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by $0.18. BP p.l.c. had a net margin of 1.74% and a return on equity of 3.64%. The business had revenue of $56.51 billion for the quarter, compared to the consensus estimate of $56.09 billion. During the same period in the previous year, the firm earned $0.23 EPS. The company’s revenue was up 21.7% on a year-over-year basis. On average, equities research analysts predict that BP p.l.c. will post $1.69 EPS for the current year.

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A number of hedge funds have recently made changes to their positions in BP. Meyer Handelman Co. boosted its stake in shares of BP p.l.c. by 0.8% in the first quarter. Meyer Handelman Co. now owns 471,841 shares of the oil and gas exploration company’s stock valued at $16,288,000 after buying an additional 3,758 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of BP p.l.c. by 8.0% in the first quarter. Russell Investments Group Ltd. now owns 4,169,463 shares of the oil and gas exploration company’s stock valued at $143,927,000 after buying an additional 309,046 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its stake in shares of BP p.l.c. by 9.1% in the first quarter. Nikko Asset Management Americas Inc. now owns 840,538 shares of the oil and gas exploration company’s stock valued at $29,015,000 after buying an additional 70,300 shares during the last quarter. Investment Counsel Inc. boosted its stake in shares of BP p.l.c. by 6.0% in the first quarter. Investment Counsel Inc. now owns 41,636 shares of the oil and gas exploration company’s stock valued at $1,437,000 after buying an additional 2,372 shares during the last quarter. Finally, Mondrian Investment Partners LTD boosted its stake in shares of BP p.l.c. by 37.5% in the first quarter. Mondrian Investment Partners LTD now owns 1,284,089 shares of the oil and gas exploration company’s stock valued at $44,327,000 after buying an additional 350,000 shares during the last quarter. Institutional investors and hedge funds own 10.10% of the company’s stock.

BP p.l.c. 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.

Analyst Recommendations for BP p.l.c. (NYSE:BP)

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