BP Midstream Partners (BPMP) Coverage Initiated at Credit Suisse Group

Analysts at Credit Suisse Group started coverage on shares of BP Midstream Partners (NYSE:BPMP) in a research note issued to investors on Thursday. The brokerage set a “neutral” rating and a $19.00 price target on the stock. Credit Suisse Group’s price objective suggests a potential downside of 10.67% from the stock’s previous close.

Several other research analysts also recently commented on BPMP. Morgan Stanley assumed coverage on BP Midstream Partners in a report on Monday, November 20th. They issued an “equal weight” rating and a $20.00 price objective on the stock. Goldman Sachs Group assumed coverage on BP Midstream Partners in a report on Monday, November 20th. They issued a “neutral” rating and a $22.00 price objective on the stock. Mitsubishi UFJ Financial Group started coverage on BP Midstream Partners in a report on Friday, December 15th. They issued a “neutral” rating and a $21.00 price objective on the stock. Barclays started coverage on BP Midstream Partners in a report on Monday, November 20th. They set an “equal weight” rating and a $20.00 price target on the stock. Finally, UBS Group started coverage on BP Midstream Partners in a report on Monday, November 20th. They set a “buy” rating and a $21.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $20.57.

BP Midstream Partners (NYSE BPMP) opened at $21.27 on Thursday. The company has a market capitalization of $2,240.00 and a PE ratio of 50.64. BP Midstream Partners has a twelve month low of $16.85 and a twelve month high of $21.98.

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

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About BP Midstream Partners

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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