Shares of BP plc (LON:BP) have earned an average rating of “Hold” from the twenty analysts that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is GBX 423.67 ($5.21).
A number of analysts have weighed in on BP shares. Citigroup reissued a “neutral” rating on shares of BP in a report on Thursday, July 16th. Morgan Stanley reiterated an “underweight” rating on shares of BP in a research report on Friday, July 10th. JPMorgan Chase & Co. set a GBX 425 ($5.23) price objective on shares of BP and gave the company a “buy” rating in a research report on Tuesday, July 28th. Deutsche Bank reiterated a “hold” rating and issued a GBX 300 ($3.69) price objective on shares of BP in a research report on Tuesday, April 28th. Finally, Bank of America lifted their price objective on shares of BP from GBX 280 ($3.45) to GBX 335 ($4.12) and gave the company an “underperform” rating in a research report on Monday, June 22nd.
In other news, insider Bernard Looney bought 108 shares of the stock in a transaction on Friday, July 10th. The stock was purchased at an average cost of GBX 290 ($3.57) per share, with a total value of £313.20 ($385.43). Insiders acquired a total of 296 shares of company stock valued at $93,984 over the last ninety days.
BP stock opened at GBX 275.15 ($3.39) on Tuesday. The company has a current ratio of 1.01, a quick ratio of 0.58 and a debt-to-equity ratio of 86.75. The company has a market capitalization of $55.75 billion and a PE ratio of -17.09. BP has a 12-month low of GBX 3.04 ($0.04) and a 12-month high of GBX 556.20 ($6.84). The business’s fifty day moving average price is GBX 308 and its 200 day moving average price is GBX 353.56.
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).
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