Vetr upgraded shares of BP (NYSE:BP) from a buy rating to a strong-buy rating in a research report report published on Monday. They currently have $44.43 price objective on the oil and gas exploration company’s stock.
Several other equities research analysts also recently weighed in on BP. Cowen reaffirmed a hold rating and issued a $39.00 price target on shares of BP in a research note on Tuesday, October 24th. Evercore ISI lifted their price target on shares of BP from $43.00 to $48.00 and gave the company an outperform rating in a research note on Wednesday, November 1st. Scotiabank reaffirmed a buy rating and issued a $39.00 price target on shares of BP in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of BP from a hold rating to a buy rating and set a $46.00 price target for the company in a research note on Tuesday, November 7th. Finally, TheStreet raised shares of BP from a c rating to a b rating in a research note on Wednesday, November 8th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $40.31.
BP (BP) opened at $39.62 on Monday. The stock has a market cap of $132,470.00, a price-to-earnings ratio of 38.47, a P/E/G ratio of 0.77 and a beta of 0.92. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.55. BP has a fifty-two week low of $33.10 and a fifty-two week high of $44.62.
BP (NYSE:BP) last released its earnings results on Tuesday, February 6th. The oil and gas exploration company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.02). The firm had revenue of $67.82 billion during the quarter, compared to analyst estimates of $56.85 billion. BP had a net margin of 1.39% and a return on equity of 6.19%. BP’s quarterly revenue was up 33.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 EPS. equities analysts expect that BP will post 2.74 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, February 16th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 6.06%. The ex-dividend date of this dividend is Thursday, February 15th. BP’s payout ratio is 231.07%.
A number of hedge funds have recently modified their holdings of BP. Stonehearth Capital Management LLC purchased a new position in BP in the fourth quarter valued at about $115,000. Itau Unibanco Holding S.A. boosted its stake in BP by 121.3% in the fourth quarter. Itau Unibanco Holding S.A. now owns 2,740 shares of the oil and gas exploration company’s stock valued at $115,000 after acquiring an additional 1,502 shares during the last quarter. Pinnacle Wealth Planning Services Inc. purchased a new position in BP in the fourth quarter valued at about $129,000. Cable Hill Partners LLC boosted its stake in BP by 639.9% in the third quarter. Cable Hill Partners LLC now owns 3,559 shares of the oil and gas exploration company’s stock valued at $137,000 after acquiring an additional 3,078 shares during the last quarter. Finally, Truewealth LLC purchased a new position in BP in the fourth quarter valued at about $138,000. 10.05% of the stock is owned by institutional investors and hedge funds.
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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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