News coverage about BP (NYSE:BP) has trended somewhat positive recently, according to InfoTrie. The research firm rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. BP earned a news impact score of 1.45 on their scale. InfoTrie also gave news headlines about the oil and gas exploration company an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company’s share price in the next several days.
Here are some of the media stories that may have impacted BP’s analysis:
- BP plc (BP) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Why Price Volatility Is Your Reward Resource? BP p.l.c. (BP) – MONReport (monreport.com)
- How to Trade BP Stock After Strong Earnings – TheStreet.com (thestreet.com)
- BP Q4 2018 Earnings Preview – Seeking Alpha (seekingalpha.com)
- Form 6-K BP PLC For: Dec 31 – StreetInsider.com (streetinsider.com)
Several equities research analysts recently commented on BP shares. Zacks Investment Research upgraded shares of BP from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Monday, November 19th. Piper Jaffray Companies reiterated an “overweight” rating on shares of BP in a research report on Tuesday, October 23rd. Wells Fargo & Co started coverage on shares of BP in a research report on Tuesday, December 18th. They set a “market perform” rating and a $41.00 target price on the stock. Finally, Raymond James upgraded shares of BP from a “market perform” rating to an “outperform” rating in a research report on Tuesday, November 20th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. BP presently has a consensus rating of “Buy” and an average target price of $51.79.
BP (NYSE:BP) last posted its earnings results on Tuesday, February 5th. The oil and gas exploration company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.77 by $0.27. BP had a net margin of 2.91% and a return on equity of 11.14%. The business had revenue of $75.68 billion for the quarter, compared to the consensus estimate of $78.78 billion. During the same period last year, the company earned $0.11 EPS. The firm’s revenue was up 11.6% compared to the same quarter last year. On average, analysts expect that BP will post 3.55 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “BP (BP) Given Daily Media Impact Rating of 1.45” was posted by Dakota Financial News and is the property of of Dakota Financial News. If you are reading this article on another domain, it was illegally copied and republished in violation of U.S. & international copyright laws. The legal version of this article can be accessed at https://dakotafinancialnews.com/2019/02/06/bp-bp-given-daily-media-impact-rating-of-1-45.html.
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).
Read More: How Do Tariffs Affect Trade Balances?
Receive News & Ratings for BP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP and related companies with MarketBeat.com's FREE daily email newsletter.