BP plc (NYSE:BP) Receives Average Recommendation of “Buy” from Brokerages

BP plc (NYSE:BP) has earned a consensus recommendation of “Buy” from the fourteen research firms that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $54.18.

Several equities analysts have recently commented on the company. Credit Suisse Group assumed coverage on LTC Properties in a research report on Wednesday. They set an “underperform” rating and a $19.00 price objective on the stock. Royal Bank of Canada assumed coverage on Robert Half International in a research report on Tuesday, April 16th. They set a “sector perform” rating on the stock.

NYSE BP traded down $0.07 during trading on Friday, reaching $41.21. The company’s stock had a trading volume of 4,344,518 shares, compared to its average volume of 4,684,687. The company has a market capitalization of $138.00 billion, a PE ratio of 10.84, a PEG ratio of 1.81 and a beta of 0.76. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.02 and a quick ratio of 0.72. The stock has a fifty day moving average of $41.50. BP has a one year low of $36.28 and a one year high of $47.16.



BP (NYSE:BP) last announced its earnings results on Tuesday, April 30th. The oil and gas exploration company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. The business had revenue of $66.32 billion for the quarter, compared to analyst estimates of $64.85 billion. BP had a return on equity of 12.19% and a net margin of 3.26%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 EPS. As a group, equities analysts forecast that BP will post 3.22 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, May 10th were issued a $0.615 dividend. This represents a $2.46 annualized dividend and a yield of 5.97%. The ex-dividend date was Thursday, May 9th. BP’s dividend payout ratio (DPR) is currently 64.21%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Perkins Coie Trust Co lifted its stake in shares of BP by 66.7% in the 1st quarter. Perkins Coie Trust Co now owns 630 shares of the oil and gas exploration company’s stock valued at $28,000 after purchasing an additional 252 shares during the period. Marino Stram & Associates LLC lifted its stake in shares of BP by 71.0% in the 1st quarter. Marino Stram & Associates LLC now owns 667 shares of the oil and gas exploration company’s stock valued at $29,000 after purchasing an additional 277 shares during the period. Horan Capital Advisors LLC. purchased a new position in shares of BP in the 1st quarter valued at approximately $35,000. Bray Capital Advisors lifted its stake in shares of BP by 91.7% in the 1st quarter. Bray Capital Advisors now owns 813 shares of the oil and gas exploration company’s stock valued at $36,000 after purchasing an additional 389 shares during the period. Finally, Dubuque Bank & Trust Co. lifted its stake in shares of BP by 35.8% in the 1st quarter. Dubuque Bank & Trust Co. now owns 910 shares of the oil and gas exploration company’s stock valued at $39,000 after purchasing an additional 240 shares during the period. Institutional investors and hedge funds own 11.02% of the company’s stock.

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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