BP p.l.c. (NYSE:BP) was upgraded by stock analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report released on Monday.
Other analysts have also recently issued research reports about the stock. TheStreet upgraded shares of BP p.l.c. from a “c” rating to a “b-” rating in a research note on Tuesday, May 30th. Scotiabank set a $37.00 target price on shares of BP p.l.c. and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Argus raised their target price on shares of BP p.l.c. from $36.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, June 1st. Morgan Stanley restated a “buy” rating on shares of BP p.l.c. in a research note on Monday, June 12th. Finally, Piper Jaffray Companies set a $39.00 price objective on shares of BP p.l.c. and gave the stock a “buy” rating in a research note on Friday, August 25th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $36.26.
BP p.l.c. (BP) opened at 36.95 on Monday. BP p.l.c. has a 12 month low of $32.53 and a 12 month high of $38.68. The stock’s 50 day moving average is $35.30 and its 200-day moving average is $35.05. The firm has a market cap of $121.24 billion, a price-to-earnings ratio of 32.24 and a beta of 0.93.
BP p.l.c. (NYSE:BP) last posted its earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.18). The company had revenue of $56.51 billion for the quarter, compared to analyst estimates of $56.09 billion. BP p.l.c. had a return on equity of 3.64% and a net margin of 1.74%. The business’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.23 EPS. On average, analysts anticipate that BP p.l.c. will post $1.65 earnings per share for the current fiscal year.
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Hedge funds have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust grew its holdings in shares of BP p.l.c. by 92.4% during the 1st quarter. Parkside Financial Bank & Trust now owns 2,886 shares of the oil and gas exploration company’s stock valued at $100,000 after purchasing an additional 1,386 shares during the last quarter. Burt Wealth Advisors grew its holdings in shares of BP p.l.c. by 6.8% during the 2nd quarter. Burt Wealth Advisors now owns 3,136 shares of the oil and gas exploration company’s stock valued at $108,000 after purchasing an additional 200 shares during the last quarter. Vestor Capital LLC bought a new stake in shares of BP p.l.c. during the 2nd quarter valued at approximately $116,000. Pictet North America Advisors SA bought a new stake in shares of BP p.l.c. during the 1st quarter valued at approximately $128,000. Finally, IHT Wealth Management LLC grew its holdings in shares of BP p.l.c. by 21.4% during the 1st quarter. IHT Wealth Management LLC now owns 3,903 shares of the oil and gas exploration company’s stock valued at $135,000 after purchasing an additional 689 shares during the last quarter. 10.09% of the stock is currently owned by hedge funds and other institutional investors.
About BP p.l.c.
BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.
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