Shares of BP p.l.c. (NYSE:BP – Get Free Report) have earned a consensus recommendation of “Hold” from the twenty-three research firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $46.3615.
A number of equities analysts recently issued reports on BP shares. Mizuho set a $53.00 target price on BP in a report on Wednesday, August 5th. Piper Sandler upped their price objective on shares of BP from $42.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Freedom Capital raised shares of BP from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 6th. Zacks Research cut shares of BP from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Finally, Wall Street Zen raised shares of BP from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 18th.
Get Our Latest Stock Analysis on BP
Institutional Trading of BP
BP Stock Performance
NYSE:BP opened at $45.24 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.27 and a debt-to-equity ratio of 0.69. BP has a twelve month low of $32.72 and a twelve month high of $48.27. The company has a fifty day moving average of $41.09 and a 200-day moving average of $42.35. The firm has a market capitalization of $118.50 billion, a P/E ratio of 22.07, a P/E/G ratio of 0.60 and a beta of 0.16.
BP (NYSE:BP – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The oil and gas exploration company reported $2.22 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.35. The firm had revenue of $69.11 billion during the quarter, compared to the consensus estimate of $57.89 billion. BP had a net margin of 2.49% and a return on equity of 16.63%. The business’s revenue was up 106.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.90 earnings per share. As a group, sell-side analysts anticipate that BP will post 6.04 EPS for the current year.
BP Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 14th will be given a $0.5196 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Friday, August 14th. This is an increase from BP’s previous quarterly dividend of $0.50. BP’s payout ratio is currently 100.49%.
BP Company Profile
BP plc is a British multinational integrated energy company headquartered in London. Originating in the early 20th century as the Anglo-Persian Oil Company, BP has grown into one of the world’s largest oil and gas companies, operating across exploration and production, refining and marketing, trading, and a range of low-carbon businesses.
The company’s core activities include upstream exploration and production of crude oil and natural gas, midstream and trading operations, and downstream refining, marketing and supply of fuels, lubricants and petrochemicals.
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