BP p.l.c. (NYSE:BP) was upgraded by stock analysts at Vetr from a “hold” rating to a “buy” rating in a research report issued on Thursday. The brokerage presently has a $40.94 price objective on the oil and gas exploration company’s stock. Vetr‘s price target points to a potential upside of 2.22% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Societe Generale lowered BP p.l.c. from a “buy” rating to a “hold” rating and decreased their price target for the stock from $35.04 to $34.90 in a research note on Wednesday, July 26th. TheStreet lowered BP p.l.c. from a “b-” rating to a “c” rating in a research note on Thursday, August 10th. Piper Jaffray Companies raised BP p.l.c. from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $36.33 to $42.00 in a research note on Friday, August 4th. BMO Capital Markets raised BP p.l.c. from a “market perform” rating to an “outperform” rating in a research note on Monday, September 18th. Finally, Kepler Capital Markets raised BP p.l.c. from a “reduce” rating to a “hold” rating in a research note on Tuesday, October 3rd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $38.62.

Shares of BP p.l.c. (NYSE:BP) opened at $40.05 on Thursday. The company has a market capitalization of $131,320.63, a P/E ratio of 29.04, a PEG ratio of 1.13 and a beta of 0.99. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.88 and a current ratio of 1.18. BP p.l.c. has a 52 week low of $33.10 and a 52 week high of $41.55.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Ameriprise Financial Inc. raised its holdings in BP p.l.c. by 0.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,722,574 shares of the oil and gas exploration company’s stock valued at $258,345,000 after acquiring an additional 61,668 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in BP p.l.c. by 6.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,085,982 shares of the oil and gas exploration company’s stock valued at $157,009,000 after acquiring an additional 240,212 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in BP p.l.c. by 13.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,883,066 shares of the oil and gas exploration company’s stock valued at $99,898,000 after acquiring an additional 338,581 shares during the last quarter. New York State Common Retirement Fund raised its holdings in BP p.l.c. by 1.3% in the 3rd quarter. New York State Common Retirement Fund now owns 605,397 shares of the oil and gas exploration company’s stock valued at $23,265,000 after acquiring an additional 7,719 shares during the last quarter. Finally, Aperio Group LLC raised its holdings in BP p.l.c. by 5.4% in the 3rd quarter. Aperio Group LLC now owns 600,460 shares of the oil and gas exploration company’s stock valued at $23,076,000 after acquiring an additional 30,762 shares during the last quarter. Institutional investors own 10.00% of the company’s stock.

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About BP p.l.c.

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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