Somewhat Positive Press Coverage Somewhat Unlikely to Impact BP p.l.c. (BP) Share Price
News articles about BP p.l.c. (NYSE:BP) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. BP p.l.c. earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news articles about the oil and gas exploration company an impact score of 45.6372470849001 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- BP starts gas production from Juniper project offshore Trinidad – Seeking Alpha (seekingalpha.com)
- Reliance Industries, BP to submit revised investment plan for KG-D6 gas finds – Times of India (timesofindia.indiatimes.com)
- BP p.l.c. (NYSE:BP) vs. Crestwood Equity Partners (CEQP) Head-To-Head Review (americanbankingnews.com)
- TheStreet Downgrades BP p.l.c. (NYSE:BP) to C (americanbankingnews.com)
- Notice of conversion price adjustment (trustnet.com)
Shares of BP p.l.c. (NYSE:BP) traded down 0.74% during trading on Monday, hitting $34.68. The stock had a trading volume of 4,150,657 shares. BP p.l.c. has a 12 month low of $32.53 and a 12 month high of $38.68. The stock has a market cap of $114.09 billion, a price-to-earnings ratio of 30.26 and a beta of 0.94. The company’s 50 day moving average price is $35.14 and its 200 day moving average price is $34.97.
BP p.l.c. (NYSE:BP) last posted its quarterly earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by $0.18. The company had revenue of $56.51 billion during the quarter, compared to analyst estimates of $56.09 billion. BP p.l.c. had a net margin of 1.74% and a return on equity of 3.64%. BP p.l.c.’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.23 EPS. Equities research analysts expect that BP p.l.c. will post $1.69 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, August 11th will be given a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a yield of 6.86%. The ex-dividend date of this dividend is Wednesday, August 9th. BP p.l.c.’s dividend payout ratio is currently 206.96%.
BP has been the subject of a number of analyst reports. Citigroup Inc. downgraded BP p.l.c. from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $38.88 to $30.66 in a research report on Wednesday, April 19th. Simmons raised their price target on BP p.l.c. from $34.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 19th. Vetr downgraded BP p.l.c. from a “buy” rating to a “hold” rating and set a $33.35 price target for the company. in a research report on Monday, May 1st. Jefferies Group LLC set a $36.00 price target on BP p.l.c. and gave the stock a “hold” rating in a research report on Wednesday, May 17th. Finally, Argus raised their price target on BP p.l.c. from $36.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, June 1st. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $36.51.
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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