BP p.l.c. (LON:BP) has received an average rating of “Hold” from the fifteen brokerages that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 370.42 ($4.84).
Several equities research analysts have recently commented on BP shares. Jefferies Financial Group assumed coverage on BP in a report on Thursday, January 21st. They issued a “hold” rating and a GBX 270 ($3.53) price objective for the company. JPMorgan Chase & Co. boosted their price objective on BP from GBX 415 ($5.42) to GBX 440 ($5.75) and gave the stock an “overweight” rating in a research report on Wednesday, March 3rd. Barclays reissued an “overweight” rating on shares of BP in a research report on Thursday, April 1st. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reissued a “neutral” rating and issued a GBX 300 ($3.92) price objective on shares of BP in a research report on Wednesday, April 7th. Finally, Berenberg Bank boosted their price objective on BP from GBX 280 ($3.66) to GBX 285 ($3.72) and gave the stock a “hold” rating in a research report on Thursday, April 29th.
In related news, insider Bernard Looney bought 97 shares of the company’s stock in a transaction that occurred on Wednesday, March 10th. The stock was bought at an average cost of GBX 315 ($4.12) per share, for a total transaction of £305.55 ($399.20). Also, insider Tushar Morzaria bought 15,696 shares of the company’s stock in a transaction that occurred on Wednesday, April 28th. The shares were bought at an average price of GBX 300 ($3.92) per share, with a total value of £47,088 ($61,520.77). Over the last quarter, insiders have purchased 15,913 shares of company stock worth $4,770,555.
Shares of BP stock traded up GBX 1 ($0.01) on Thursday, reaching GBX 303 ($3.96). The company had a trading volume of 52,266,050 shares, compared to its average volume of 8,560,774. The company has a current ratio of 1.29, a quick ratio of 0.86 and a debt-to-equity ratio of 82.96. The stock has a market cap of £61.65 billion and a PE ratio of -7.59. The company has a 50-day moving average of GBX 300.43 and a 200-day moving average of GBX 262.36. BP has a 12 month low of GBX 2.95 ($0.04) and a 12 month high of GBX 508.70 ($6.65).
The business also recently disclosed a dividend, which will be paid on Friday, June 18th. Investors of record on Thursday, May 6th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, May 6th. This represents a dividend yield of 1.28%. BP’s payout ratio is -37.59%.
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).
Further Reading: Commodities
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