BP p.l.c. (NYSE:BP) Receives $43.88 Consensus Target Price from Analysts

Shares of BP p.l.c. (NYSE:BP) have earned an average recommendation of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $43.88.

BP has been the subject of several recent research reports. Scotiabank boosted their price target on BP from $45.00 to $47.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. TD Securities boosted their price target on BP from $43.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Erste Group Bank reissued a “hold” rating on shares of BP in a research note on Friday, June 14th. StockNews.com cut BP from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 29th. Finally, Wells Fargo & Company upped their target price on BP from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th.

BP Trading Up 0.3 %

Shares of NYSE BP opened at $34.90 on Thursday. BP has a one year low of $33.52 and a one year high of $40.84. The firm has a market capitalization of $97.23 billion, a PE ratio of 10.94, a PEG ratio of 1.94 and a beta of 0.65. The company has a current ratio of 1.23, a quick ratio of 0.94 and a debt-to-equity ratio of 0.57. The business has a 50-day moving average price of $36.57 and a two-hundred day moving average price of $36.58.

BP (NYSE:BP) last announced its quarterly earnings data on Tuesday, May 7th. The oil and gas exploration company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.06). The business had revenue of $48.88 billion for the quarter, compared to analyst estimates of $53.65 billion. BP had a return on equity of 13.49% and a net margin of 4.51%. The company’s revenue was down 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.66 earnings per share. As a group, analysts predict that BP will post 4.72 earnings per share for the current fiscal year.

BP Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 17th were issued a dividend of $0.4362 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 5.00%. BP’s dividend payout ratio (DPR) is presently 53.92%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. LRI Investments LLC acquired a new position in shares of BP during the first quarter worth approximately $32,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of BP in the second quarter valued at $33,000. First United Bank & Trust acquired a new position in shares of BP in the fourth quarter valued at $33,000. Versant Capital Management Inc acquired a new position in shares of BP in the fourth quarter valued at $35,000. Finally, Quent Capital LLC acquired a new position in shares of BP in the second quarter valued at $38,000. 11.01% of the stock is currently owned by institutional investors and hedge funds.

BP Company Profile

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.