BP plc (NYSE:BP) Given Average Rating of “Hold” by Brokerages

Shares of BP plc (NYSE:BP) have been assigned a consensus rating of “Hold” from the twenty-four brokerages that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $36.13.

Several equities analysts have recently weighed in on the stock. DZ Bank reaffirmed a “sell” rating on shares of BP in a report on Monday, June 15th. Piper Sandler lowered shares of BP from an “overweight” rating to a “neutral” rating and set a $40.00 price target for the company. in a report on Monday, March 9th. Redburn Partners raised shares of BP from a “neutral” rating to a “buy” rating in a report on Wednesday, May 13th. Zacks Investment Research lowered shares of BP from a “hold” rating to a “strong sell” rating and set a $25.00 price target for the company. in a report on Tuesday, April 21st. Finally, TheStreet lowered shares of BP from a “b-” rating to a “c+” rating in a report on Thursday, March 12th.

Shares of NYSE:BP traded down $0.74 during trading on Friday, hitting $22.76. 9,152,977 shares of the stock traded hands, compared to its average volume of 11,424,607. The company has a quick ratio of 0.83, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The company has a market cap of $79.35 billion, a price-to-earnings ratio of -23.46 and a beta of 0.80. The company has a fifty day moving average price of $24.07 and a two-hundred day moving average price of $29.60. BP has a 52-week low of $15.51 and a 52-week high of $42.63.

BP (NYSE:BP) last posted its earnings results on Tuesday, April 28th. The oil and gas exploration company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.04). The firm had revenue of $59.65 billion for the quarter, compared to analysts’ expectations of $56.89 billion. BP had a negative net margin of 1.19% and a positive return on equity of 8.53%. BP’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same period last year, the firm earned $0.12 earnings per share. On average, equities research analysts predict that BP will post -0.12 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Monday, May 11th were paid a dividend of $0.625 per share. The ex-dividend date was Friday, May 8th. This represents a $2.50 annualized dividend and a yield of 10.98%. BP’s dividend payout ratio (DPR) is presently 84.75%.

Institutional investors and hedge funds have recently made changes to their positions in the business. FSA Wealth Management LLC acquired a new position in shares of BP during the 4th quarter valued at about $25,000. West Bancorporation Inc. acquired a new position in shares of BP during the 4th quarter valued at about $25,000. Wealth Alliance acquired a new position in shares of BP during the 4th quarter valued at about $76,000. First National Bank of South Miami boosted its position in shares of BP by 73.2% during the 4th quarter. First National Bank of South Miami now owns 866 shares of the oil and gas exploration company’s stock valued at $33,000 after acquiring an additional 366 shares during the last quarter. Finally, Cox Capital Mgt LLC acquired a new position in shares of BP during the 1st quarter valued at about $37,000. 10.28% of the stock is currently owned by institutional investors.

About BP

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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Analyst Recommendations for BP (NYSE:BP)

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