BP p.l.c. (NYSE:BP) Receives $43.72 Average Target Price from Brokerages

BP p.l.c. (NYSE:BP) has been given an average rating of “Hold” by the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $43.72.

Several research analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of BP from $38.00 to $42.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. Jefferies Financial Group upgraded shares of BP from a “hold” rating to a “buy” rating and raised their price target for the stock from $38.60 to $42.30 in a report on Monday, March 4th. TD Securities lifted their price objective on shares of BP from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Erste Group Bank upgraded shares of BP from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd. Finally, Piper Sandler lifted their price objective on shares of BP from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday, April 18th.

BP Stock Down 0.4 %

NYSE:BP opened at $39.48 on Friday. The firm’s 50 day simple moving average is $37.52 and its 200 day simple moving average is $36.55. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.21 and a quick ratio of 0.94. BP has a one year low of $33.52 and a one year high of $40.84. The company has a market cap of $111.18 billion, a PE ratio of 7.76, a P/E/G ratio of 2.70 and a beta of 0.68.

BP (NYSE:BP) last released its quarterly earnings results on Tuesday, February 6th. The oil and gas exploration company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.11. BP had a net margin of 7.15% and a return on equity of 16.00%. The firm had revenue of $52.14 billion during the quarter, compared to analyst estimates of $53.14 billion. During the same quarter last year, the business earned $1.59 EPS. The company’s revenue was down 24.7% compared to the same quarter last year. On average, research analysts anticipate that BP will post 5.02 earnings per share for the current year.

BP Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, February 16th were paid a dividend of $0.4362 per share. The ex-dividend date was Thursday, February 15th. This represents a $1.74 dividend on an annualized basis and a yield of 4.42%. BP’s dividend payout ratio (DPR) is presently 33.79%.

Institutional Trading of BP

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Atlas Brown Inc. increased its stake in BP by 0.6% during the 3rd quarter. Atlas Brown Inc. now owns 44,396 shares of the oil and gas exploration company’s stock valued at $1,719,000 after purchasing an additional 286 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in BP by 2.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 13,245 shares of the oil and gas exploration company’s stock worth $469,000 after acquiring an additional 333 shares during the last quarter. Hexagon Capital Partners LLC boosted its holdings in BP by 5.1% during the 3rd quarter. Hexagon Capital Partners LLC now owns 7,083 shares of the oil and gas exploration company’s stock worth $274,000 after acquiring an additional 345 shares during the last quarter. Pinnacle Wealth Planning Services Inc. boosted its holdings in BP by 1.7% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 20,715 shares of the oil and gas exploration company’s stock worth $733,000 after acquiring an additional 345 shares during the last quarter. Finally, Reitz Capital Advisors LLC boosted its holdings in BP by 3.0% during the 3rd quarter. Reitz Capital Advisors LLC now owns 14,645 shares of the oil and gas exploration company’s stock worth $586,000 after acquiring an additional 420 shares during the last quarter. Institutional investors own 11.01% of the company’s stock.

BP Company Profile

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.