Morgan Stanley started coverage on shares of BP Midstream Partners LP (NYSE:BPMP) in a research report released on Monday. The firm issued an equal weight rating and a $20.00 target price on the stock.

A number of other brokerages have also issued reports on BPMP. Goldman Sachs Group, Inc. (The) assumed coverage on shares of BP Midstream Partners in a research note on Monday. They issued a neutral rating and a $22.00 target price on the stock. Citigroup Inc. assumed coverage on shares of BP Midstream Partners in a research note on Monday. They issued a buy rating and a $21.00 target price on the stock. Barclays PLC assumed coverage on shares of BP Midstream Partners in a research note on Monday. They issued an equal weight rating and a $20.00 target price on the stock. Finally, J P Morgan Chase & Co assumed coverage on shares of BP Midstream Partners in a research note on Monday. They issued an overweight rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. BP Midstream Partners has a consensus rating of Buy and a consensus target price of $20.80.

BP Midstream Partners (BPMP) opened at $17.85 on Monday. BP Midstream Partners has a 1-year low of $16.85 and a 1-year high of $18.91.

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In other BP Midstream Partners news, Director Clive Christison acquired 2,500 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was acquired at an average price of $18.00 per share, with a total value of $45,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert P. Zinsmeister acquired 5,555 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were acquired at an average cost of $18.00 per share, with a total value of $99,990.00. The disclosure for this purchase can be found here.

BP Midstream Partners Company Profile

BP Midstream Partners LP is a master limited partnership formed by BP Pipelines (North America) Inc The Company owns, operates, develops and acquires pipelines and other midstream assets. It owns one onshore crude oil pipeline system, one onshore refined products pipeline system, one onshore diluent pipeline system, interests in four offshore crude oil pipeline systems and an interest in one offshore natural gas pipeline system.

Analyst Recommendations for BP Midstream Partners (NYSE:BPMP)

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