Favorable Media Coverage Likely to Impact BP (BP) Stock Price
News articles about BP (LON:BP) have been trending positive this week, InfoTrie Sentiment reports. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. BP earned a media sentiment score of 3.00 on their scale. InfoTrie also assigned news articles about the oil and gas exploration company an news buzz score of 7 out of 10, indicating that recent media coverage is likely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected BP’s score:
- BP Wants to Simplify the Way Employees Work – Rigzone (rigzone.com)
- BP Bets Big On Gulf Of Mexico While Rivals Chase Shale – OilPrice.com (oilprice.com)
- Injured Rays outfielder Austin Meadows takes BP at the Trop – WFLA (wfla.com)
- Craig International Wins BP Contract – OE Digital (oedigital.com)
A number of research firms recently weighed in on BP. Societe Generale lowered their price target on shares of BP from GBX 650 ($8.49) to GBX 635 ($8.30) and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Credit Suisse Group restated an “outperform” rating and set a GBX 640 ($8.36) price target on shares of BP in a research report on Wednesday, May 1st. Royal Bank of Canada set a GBX 615 ($8.04) target price on shares of BP and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 600 ($7.84) target price on shares of BP in a research note on Wednesday, May 1st. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of BP in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. BP currently has an average rating of “Buy” and an average price target of GBX 650.88 ($8.50).
The firm also recently disclosed a dividend, which will be paid on Friday, June 21st. Investors of record on Thursday, May 9th will be issued a $0.10 dividend. This represents a dividend yield of 1.43%. The ex-dividend date is Thursday, May 9th. BP’s dividend payout ratio (DPR) is currently 0.66%.
In other news, insider Brian Gilvary purchased 58 shares of the stock in a transaction on Monday, March 11th. The stock was bought at an average price of GBX 534 ($6.98) per share, for a total transaction of £309.72 ($404.70).
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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).
See Also: Initial Public Offering (IPO)
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