BP p.l.c. Forecasted to Earn FY2020 Earnings of $2.73 Per Share (BP)
BP p.l.c. (NYSE:BP) – Equities researchers at Jefferies Group issued their FY2020 earnings per share estimates for shares of BP p.l.c. in a report released on Wednesday. Jefferies Group analyst J. Gammel forecasts that the oil and gas exploration company will post earnings of $2.73 per share for the year. Jefferies Group currently has a “Hold” rating and a $36.00 target price on the stock.
Other equities analysts have also issued research reports about the company. Vetr lowered BP p.l.c. from a “strong-buy” rating to a “buy” rating and set a $43.32 price objective on the stock. in a research note on Tuesday, October 10th. Piper Jaffray Companies set a $39.00 price objective on BP p.l.c. and gave the stock a “buy” rating in a research note on Friday, August 25th. Scotiabank set a $37.00 price target on BP p.l.c. and gave the company a “buy” rating in a research note on Tuesday, August 1st. TheStreet lowered BP p.l.c. from a “b-” rating to a “c” rating in a research note on Thursday, August 10th. 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 equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. BP p.l.c. currently has a consensus rating of “Hold” and a consensus price target of $38.11.
Shares of BP p.l.c. (NYSE:BP) traded up $0.69 during trading hours on Monday, hitting $41.25. The stock had a trading volume of 3,084,169 shares, compared to its average volume of 4,730,000. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.18 and a quick ratio of 0.88. The firm has a market capitalization of $136,000.00, a price-to-earnings ratio of 29.61, a PEG ratio of 1.22 and a beta of 0.98. BP p.l.c. has a 12-month low of $32.53 and a 12-month high of $41.31.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Morgan Stanley boosted its position in shares of BP p.l.c. by 11.2% in the 1st quarter. Morgan Stanley now owns 6,186,085 shares of the oil and gas exploration company’s stock valued at $213,544,000 after purchasing an additional 623,612 shares during the period. Stonebridge Capital Advisors LLC boosted its position in shares of BP p.l.c. by 3.8% in the 1st quarter. Stonebridge Capital Advisors LLC now owns 63,117 shares of the oil and gas exploration company’s stock valued at $2,179,000 after purchasing an additional 2,304 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of BP p.l.c. in the 2nd quarter valued at about $10,896,000. Geneva Advisors LLC boosted its position in shares of BP p.l.c. by 6.2% in the 2nd quarter. Geneva Advisors LLC now owns 17,011 shares of the oil and gas exploration company’s stock valued at $589,000 after purchasing an additional 1,000 shares during the period. Finally, Atlantic Trust Group LLC boosted its position in shares of BP p.l.c. by 24.5% in the 2nd quarter. Atlantic Trust Group LLC now owns 57,428 shares of the oil and gas exploration company’s stock valued at $1,991,000 after purchasing an additional 11,295 shares during the period. 9.90% of the stock is owned by hedge funds and other institutional investors.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Friday, November 10th will be given a $0.60 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This is a boost from BP p.l.c.’s previous quarterly dividend of $0.60. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.82%. BP p.l.c.’s dividend payout ratio is 203.42%.
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.
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