Societe Generale downgraded shares of BP p.l.c. (NYSE:BP) from a buy rating to a hold rating in a research report report published on Wednesday, Marketbeat.com reports. The brokerage currently has $34.90 price target on the oil and gas exploration company’s stock, down from their prior price target of $35.04.

A number of other equities research analysts also recently weighed in on BP. BidaskClub downgraded shares of BP p.l.c. from a sell rating to a strong sell rating in a research note on Tuesday, July 25th. Jefferies Group LLC reiterated a hold rating and set a $35.90 price target on shares of BP p.l.c. in a research note on Friday, July 14th. Bank of America Corporation downgraded shares of BP p.l.c. from a neutral rating to an underperform rating in a research note on Friday, June 30th. Argus lifted their price target on shares of BP p.l.c. from $36.00 to $41.00 and gave the stock a buy rating in a research note on Thursday, June 1st. Finally, Zacks Investment Research upgraded shares of BP p.l.c. from a strong sell rating to a hold rating in a research note on Tuesday, June 6th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $36.01.

Shares of BP p.l.c. (NYSE BP) opened at 35.16 on Wednesday. BP p.l.c. has a one year low of $32.50 and a one year high of $38.68. The firm has a market capitalization of $115.23 billion, a PE ratio of 52.32 and a beta of 0.94. The firm’s 50 day moving average is $34.99 and its 200-day moving average is $35.08.

BP p.l.c. (NYSE:BP) last posted its quarterly earnings results on Tuesday, May 2nd. The oil and gas exploration company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.08. BP p.l.c. had a net margin of 1.06% and a return on equity of 3.72%. The firm had revenue of $55.86 billion for the quarter, compared to the consensus estimate of $59.87 billion. During the same quarter in the previous year, the company earned $0.17 earnings per share. The business’s revenue was up 45.1% compared to the same quarter last year. On average, equities research analysts predict that BP p.l.c. will post $1.60 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This news story was first reported by Watch List News and is owned by of Watch List News. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The correct version of this news story can be accessed at https://www.watchlistnews.com/bp-p-l-c-nysebp-downgraded-by-societe-generale-to-hold/1462612.html.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Atlas Brown Inc. boosted its position in BP p.l.c. by 8.7% in the first quarter. Atlas Brown Inc. now owns 25,241 shares of the oil and gas exploration company’s stock worth $871,000 after buying an additional 2,014 shares in the last quarter. Foundry Partners LLC boosted its position in BP p.l.c. by 30.0% in the first quarter. Foundry Partners LLC now owns 438,800 shares of the oil and gas exploration company’s stock worth $15,147,000 after buying an additional 101,220 shares in the last quarter. Integrated Investment Consultants LLC boosted its position in BP p.l.c. by 3.4% in the first quarter. Integrated Investment Consultants LLC now owns 6,728 shares of the oil and gas exploration company’s stock worth $232,000 after buying an additional 220 shares in the last quarter. Park National Corp OH boosted its position in BP p.l.c. by 15.5% in the first quarter. Park National Corp OH now owns 57,065 shares of the oil and gas exploration company’s stock worth $1,970,000 after buying an additional 7,671 shares in the last quarter. Finally, Beacon Financial Group boosted its position in BP p.l.c. by 2.5% in the first quarter. Beacon Financial Group now owns 8,154 shares of the oil and gas exploration company’s stock worth $281,000 after buying an additional 198 shares in the last quarter. 9.98% of the stock is owned by institutional investors and hedge funds.

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)

Receive News & Ratings for BP p.l.c. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP p.l.c. and related companies with Analyst Ratings Network's FREE daily email newsletter.