Somewhat Positive News Coverage Somewhat Unlikely to Impact BP p.l.c. (BP) Stock Price
Media stories about BP p.l.c. (NYSE:BP) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. BP p.l.c. earned a coverage optimism score of 0.23 on Accern’s scale. Accern also gave news headlines about the oil and gas exploration company an impact score of 49.2981450998179 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s rankings:
- Vetr Inc. Upgrades BP p.l.c. (BP) to Buy (americanbankingnews.com)
- Here’s Why You Should Hold on to TOTAL (TOT) Stock for Now (finance.yahoo.com)
- Enlink Midstream (XTXI) and BP p.l.c. (BP) Financial Analysis (americanbankingnews.com)
- Newpark Appoints New Member To Its Board Of Directors (finance.yahoo.com)
- BP begins share buybacks as years of austerity pay off (finance.yahoo.com)
BP has been the subject of a number of research analyst reports. Piper Jaffray Companies set a $39.00 target price on BP p.l.c. and gave the company a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research raised BP p.l.c. from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Tuesday, November 7th. Evercore ISI lifted their target price on BP p.l.c. from $43.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, November 1st. Scotiabank reaffirmed a “buy” rating and set a $39.00 target price on shares of BP p.l.c. in a research report on Wednesday, November 1st. Finally, BidaskClub lowered BP p.l.c. from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $38.66.
BP p.l.c. (BP) traded up $0.32 during midday trading on Friday, reaching $39.09. The company had a trading volume of 3,283,001 shares, compared to its average volume of 4,835,347. The firm has a market cap of $129,042.82, a PE ratio of 28.53, a price-to-earnings-growth ratio of 1.11 and a beta of 0.99. BP p.l.c. has a 12 month low of $33.10 and a 12 month high of $41.55. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.57.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Friday, November 10th will be issued a $0.60 dividend. This is a boost from BP p.l.c.’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $2.40 dividend on an annualized basis and a yield of 6.14%. BP p.l.c.’s dividend payout ratio is presently 203.42%.
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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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