BP plc (NYSE:BP) has earned an average recommendation of “Buy” from the fifteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $58.55.

A number of research firms have recently weighed in on BP. Royal Bank of Canada downgraded BP from a “top pick” rating to an “outperform” rating and set a $44.65 target price for the company. in a research report on Tuesday, April 16th. Deutsche Bank reiterated a “buy” rating on shares of BP in a research report on Thursday, March 7th. Finally, Zacks Investment Research upgraded BP from a “strong sell” rating to a “hold” rating in a research report on Friday, February 8th.

Institutional investors have recently bought and sold shares of the company. Dubuque Bank & Trust Co. increased its holdings in BP by 35.8% in the 1st quarter. Dubuque Bank & Trust Co. now owns 910 shares of the oil and gas exploration company’s stock worth $39,000 after purchasing an additional 240 shares in the last quarter. Perkins Coie Trust Co grew its position in shares of BP by 66.7% in the 1st quarter. Perkins Coie Trust Co now owns 630 shares of the oil and gas exploration company’s stock valued at $28,000 after buying an additional 252 shares during the last quarter. Signet Financial Management LLC grew its position in shares of BP by 0.7% in the 4th quarter. Signet Financial Management LLC now owns 35,677 shares of the oil and gas exploration company’s stock valued at $1,353,000 after buying an additional 255 shares during the last quarter. Adirondack Trust Co. grew its position in shares of BP by 9.8% in the 4th quarter. Adirondack Trust Co. now owns 2,903 shares of the oil and gas exploration company’s stock valued at $110,000 after buying an additional 260 shares during the last quarter. Finally, Cahill Financial Advisors Inc. grew its position in shares of BP by 1.3% in the 4th quarter. Cahill Financial Advisors Inc. now owns 21,274 shares of the oil and gas exploration company’s stock valued at $807,000 after buying an additional 273 shares during the last quarter. 10.80% of the stock is owned by institutional investors.

BP opened at $44.39 on Monday. The firm has a market capitalization of $148.40 billion, a P/E ratio of 11.68, a PEG ratio of 1.92 and a beta of 0.80. BP has a 1 year low of $36.28 and a 1 year high of $47.83. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 0.56.

BP (NYSE:BP) last released its earnings results on Tuesday, February 5th. The oil and gas exploration company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.27. The firm had revenue of $75.68 billion during the quarter, compared to the consensus estimate of $78.78 billion. BP had a return on equity of 12.45% and a net margin of 3.09%. The company’s revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.11 EPS. On average, research analysts expect that BP will post 3.26 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, February 15th were given a dividend of $0.615 per share. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 5.54%. BP’s payout ratio is 64.21%.

BP Company Profile

BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).

Featured Article: Recession

Analyst Recommendations for BP (NYSE:BP)

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