BP p.l.c. (NYSE:BP) Given Consensus Rating of “Moderate Buy” by Brokerages

BP p.l.c. (NYSE:BP) has earned an average recommendation of “Moderate Buy” from the nine research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $43.88.

Several equities research analysts recently issued reports on the company. Raymond James increased their price objective on BP from $42.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. TD Securities increased their price objective on BP from $43.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Piper Sandler upped their target price on BP from $40.00 to $43.00 and gave the stock a “neutral” rating in a research report on Thursday, April 18th. Scotiabank upped their target price on BP from $45.00 to $47.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. Finally, Wells Fargo & Company upped their target price on BP from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th.

Institutional Trading of BP

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BKM Wealth Management LLC acquired a new stake in BP in the 4th quarter valued at approximately $123,000. Anchor Investment Management LLC acquired a new stake in BP in the 4th quarter valued at approximately $70,000. Monograph Wealth Advisors LLC acquired a new stake in BP in the 3rd quarter valued at approximately $1,163,000. Kingswood Wealth Advisors LLC acquired a new stake in BP in the 4th quarter valued at approximately $290,000. Finally, Versant Capital Management Inc acquired a new stake in BP in the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 11.01% of the company’s stock.

BP Trading Down 0.5 %

Shares of NYSE BP opened at $37.07 on Wednesday. The business has a fifty day simple moving average of $38.30 and a 200-day simple moving average of $36.43. The company has a market cap of $104.40 billion, a price-to-earnings ratio of 11.62, a P/E/G ratio of 1.96 and a beta of 0.67. The company has a quick ratio of 0.94, a current ratio of 1.23 and a debt-to-equity ratio of 0.57. BP has a 12 month low of $33.52 and a 12 month high of $40.84.

BP (NYSE:BP) last announced its quarterly earnings data on Tuesday, May 7th. The oil and gas exploration company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.06). The business had revenue of $48.88 billion during the quarter, compared to analysts’ expectations of $53.65 billion. BP had a return on equity of 13.49% and a net margin of 4.51%. The firm’s revenue was down 13.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.66 earnings per share. Sell-side analysts predict that BP will post 4.78 EPS for the current year.

BP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.4362 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date is Thursday, May 16th. BP’s dividend payout ratio is 53.92%.

About BP

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.