Shares of BP p.l.c. (LON:BP) have received a consensus recommendation of “Hold” from the fifteen ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 370.42 ($4.84).
A number of analysts recently issued reports on the company. Jefferies Financial Group assumed coverage on BP in a research note on Thursday, January 21st. They set a “hold” rating and a GBX 270 ($3.53) price objective on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell restated a “neutral” rating and issued a GBX 300 ($3.92) target price on shares of BP in a research note on Wednesday, April 7th. Credit Suisse Group reiterated an “outperform” rating and set a GBX 350 ($4.57) price objective on shares of BP in a research report on Tuesday, February 16th. JPMorgan Chase & Co. increased their price objective on BP from GBX 415 ($5.42) to GBX 440 ($5.75) and gave the company an “overweight” rating in a research report on Wednesday, March 3rd. Finally, Berenberg Bank increased their target price on BP from GBX 280 ($3.66) to GBX 285 ($3.72) and gave the company a “hold” rating in a report on Thursday, April 29th.
Shares of LON:BP traded up GBX 1 ($0.01) during midday trading on Thursday, reaching GBX 303 ($3.96). 52,266,050 shares of the company traded hands, compared to its average volume of 8,560,774. The company has a quick ratio of 0.86, a current ratio of 1.29 and a debt-to-equity ratio of 82.96. BP has a 12 month low of GBX 2.95 ($0.04) and a 12 month high of GBX 508.70 ($6.65). The firm has a market capitalization of £61.65 billion and a price-to-earnings ratio of -7.59. The firm’s fifty day moving average price is GBX 300.43 and its two-hundred day moving average price is GBX 262.36.
The business also recently disclosed a dividend, which will be paid on Friday, June 18th. Investors of record on Thursday, May 6th will be given a dividend of $0.05 per share. This represents a yield of 1.28%. The ex-dividend date of this dividend is Thursday, May 6th. BP’s dividend payout ratio (DPR) is presently -37.59%.
In other BP news, insider Bernard Looney bought 97 shares of BP stock in a transaction on Wednesday, March 10th. The stock was acquired at an average price of GBX 315 ($4.12) per share, with a total value of £305.55 ($399.20). Also, insider Tushar Morzaria bought 15,696 shares of BP stock in a transaction on Wednesday, April 28th. The stock was acquired at an average cost of GBX 300 ($3.92) per share, with a total value of £47,088 ($61,520.77). In the last ninety days, insiders have purchased 15,913 shares of company stock valued at $4,770,555.
BP PLC engages in the energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, and field development and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power, and natural gas liquids (NGLs).
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