Kepler Capital Markets reaffirmed their buy rating on shares of BP (NYSE:BP) in a research note published on Monday morning, Borsen Zeitung reports.
Several other brokerages also recently commented on BP. Grupo Santander raised shares of BP from a hold rating to a buy rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. reaffirmed a buy rating on shares of BP in a research report on Friday, August 30th. Jefferies Financial Group raised shares of BP from a hold rating to a buy rating and raised their price objective for the stock from $46.30 to $48.60 in a research report on Wednesday, July 31st. Credit Suisse Group downgraded shares of BP from an outperform rating to a neutral rating and set a $41.06 price objective for the company. in a research report on Wednesday, July 10th. Finally, ValuEngine downgraded shares of BP from a hold rating to a sell rating in a research report on Thursday, July 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $52.04.
Shares of BP stock opened at $38.59 on Monday. The company has a market cap of $128.59 billion, a price-to-earnings ratio of 10.16, a price-to-earnings-growth ratio of 1.23 and a beta of 0.77. BP has a 52 week low of $35.73 and a 52 week high of $47.16. The company has a quick ratio of 0.77, a current ratio of 1.07 and a debt-to-equity ratio of 0.65. The firm has a 50 day moving average of $37.34 and a 200-day moving average of $41.09.
BP (NYSE:BP) last announced its quarterly earnings data on Tuesday, July 30th. The oil and gas exploration company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.78 by $0.05. The company had revenue of $73.75 billion during the quarter, compared to the consensus estimate of $79.79 billion. BP had a net margin of 2.97% and a return on equity of 12.12%. Analysts anticipate that BP will post 3.06 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of BP. Focused Wealth Management Inc bought a new position in shares of BP in the 2nd quarter worth $25,000. Marino Stram & Associates LLC lifted its holdings in shares of BP by 71.0% in the 1st quarter. Marino Stram & Associates LLC now owns 667 shares of the oil and gas exploration company’s stock worth $29,000 after purchasing an additional 277 shares in the last quarter. Rocky Mountain Advisers LLC bought a new position in shares of BP in the 2nd quarter worth $36,000. Next Capital Management LLC bought a new position in shares of BP in the 2nd quarter worth $38,000. Finally, Manchester Financial Inc. bought a new position in shares of BP in the 2nd quarter worth $40,000. Institutional investors own 10.72% of the company’s stock.
BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, 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: The role of implied volatility with call option volume
Receive News & Ratings for BP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP and related companies with MarketBeat.com's FREE daily email newsletter.