BP (LON:BP) Given “Buy” Rating at UBS Group

UBS Group reiterated their buy rating on shares of BP (LON:BP) in a research report sent to investors on Tuesday, ThisIsMoney.Co.Uk reports.

BP has been the subject of a number of other reports. Barclays reaffirmed an overweight rating on shares of BP in a research note on Wednesday, April 29th. Morgan Stanley downgraded shares of BP to a sell rating and boosted their target price for the stock from GBX 245 ($3.02) to GBX 260 ($3.20) in a research note on Friday, May 15th. DZ Bank dropped their target price on shares of BP from GBX 300 ($3.69) to GBX 280 ($3.45) and set a sell rating for the company in a research note on Wednesday, April 29th. Sanford C. Bernstein reaffirmed a buy rating and issued a GBX 470 ($5.78) target price on shares of BP in a research note on Monday, March 23rd. Finally, Citigroup reaffirmed a neutral rating and issued a GBX 330 ($4.06) target price (up from GBX 310 ($3.81)) on shares of BP in a research note on Wednesday, April 29th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of GBX 392.50 ($4.83).

Shares of BP stock opened at GBX 307.20 ($3.78) on Tuesday. BP has a 12-month low of GBX 4.69 ($0.06) and a 12-month high of GBX 563 ($6.93). The company has a market capitalization of $62.24 billion and a P/E ratio of -19.08. The firm has a 50-day moving average price of GBX 318.83 and a 200 day moving average price of GBX 381.32. The company has a quick ratio of 0.58, a current ratio of 1.01 and a debt-to-equity ratio of 86.75.

The firm also recently disclosed a dividend, which was paid on Friday, June 19th. Stockholders of record on Thursday, May 7th were given a $0.11 dividend. This represents a dividend yield of 2.69%. The ex-dividend date of this dividend was Thursday, May 7th. BP’s dividend payout ratio is presently -204.97%.

In other news, insider Bernard Looney purchased 88 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were purchased at an average cost of GBX 353 ($4.34) per share, with a total value of £310.64 ($382.28). In the last three months, insiders bought 281 shares of company stock worth $93,912.

BP Company Profile

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 (LON:BP)

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