Shares of BP p.l.c. (NYSE:BP – Get Free Report) have received an average recommendation of “Moderate Buy” from the twenty-four research firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation, eleven have assigned a buy recommendation and two have assigned a strong 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 $46.1417.
Several analysts have weighed in on BP shares. Wells Fargo & Company lifted their price objective on BP from $39.00 to $54.00 and gave the company an “equal weight” rating in a research report on Thursday, April 9th. UBS Group raised BP from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 15th. TD Cowen lowered their target price on shares of BP from $37.00 to $35.00 and set a “hold” rating for the company in a report on Friday, February 13th. Morgan Stanley upgraded shares of BP from an “equal weight” rating to an “overweight” rating and set a $49.40 target price for the company in a report on Tuesday, March 24th. Finally, BNP Paribas Exane set a $57.00 target price on shares of BP and gave the company an “outperform” rating in a report on Friday, April 17th.
Check Out Our Latest Analysis on BP
Hedge Funds Weigh In On BP
BP Stock Performance
BP stock opened at $43.74 on Thursday. The stock’s 50 day simple moving average is $45.21 and its two-hundred day simple moving average is $40.22. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.87 and a current ratio of 1.22. The stock has a market cap of $114.54 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 0.52 and a beta of 0.14. BP has a fifty-two week low of $29.15 and a fifty-two week high of $48.27.
BP (NYSE:BP – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The oil and gas exploration company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.24. The business had revenue of $52.26 billion for the quarter, compared to analysts’ expectations of $48.50 billion. BP had a return on equity of 12.06% and a net margin of 1.62%.The business’s revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 EPS. As a group, analysts expect that BP will post 5.35 earnings per share for the current fiscal year.
BP Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.4992 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Friday, May 15th. BP’s dividend payout ratio (DPR) is presently 165.00%.
About BP
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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