BP (BP) Receiving Somewhat Positive Media Coverage, Study Finds

News articles about BP (NYSE:BP) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. BP earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned media coverage about the oil and gas exploration company an impact score of 45.314536973996 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news headlines that may have effected Accern Sentiment’s analysis:

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A number of equities research analysts recently issued reports on BP shares. Citigroup raised shares of BP from a “neutral” rating to a “buy” rating in a research note on Thursday, March 29th. Zacks Investment Research downgraded shares of BP from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Vetr downgraded shares of BP from a “buy” rating to a “hold” rating and set a $41.28 price target on the stock. in a research note on Tuesday, December 12th. Piper Jaffray reaffirmed a “buy” rating and set a $51.00 price target on shares of BP in a research note on Wednesday, January 24th. Finally, Royal Bank of Canada raised shares of BP from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $33.10 to $40.10 in a research note on Monday, February 26th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $40.92.

BP stock traded down $0.10 during mid-day trading on Monday, reaching $41.66. 5,930,608 shares of the stock traded hands, compared to its average volume of 6,237,748. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.55. BP has a one year low of $33.83 and a one year high of $44.62. The stock has a market capitalization of $138,211.81, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 0.82 and a beta of 0.91.

BP (NYSE:BP) last posted its quarterly earnings data on Tuesday, February 6th. The oil and gas exploration company reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.02). BP had a net margin of 1.39% and a return on equity of 6.19%. The firm had revenue of $67.82 billion for the quarter, compared to the consensus estimate of $56.85 billion. During the same quarter last year, the firm earned $0.13 EPS. The company’s revenue was up 33.0% on a year-over-year basis. equities research analysts expect that BP will post 2.73 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Friday, February 16th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date of this dividend was Thursday, February 15th. BP’s dividend payout ratio (DPR) is 126.60%.

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BP Company Profile

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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