BP p.l.c. (LON:BP) Receives Average Recommendation of “Hold” from Brokerages

BP p.l.c. (LON:BP) has been assigned an average rating of “Hold” from the eight research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 605 ($7.39).

Several equities analysts recently issued reports on the company. Jefferies Financial Group restated a “buy” rating and set a GBX 540 ($6.59) price target on shares of BP in a research report on Monday, December 16th. Berenberg Bank cut their target price on shares of BP from GBX 470 ($5.74) to GBX 440 ($5.37) and set a “hold” rating on the stock in a report on Friday, November 29th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of BP in a research note on Tuesday, September 24th.

BP Stock Up 0.6 %

Shares of LON:BP opened at GBX 425.10 ($5.19) on Wednesday. The stock has a market capitalization of £67.38 billion, a P/E ratio of 1,288.18, a price-to-earnings-growth ratio of 0.35 and a beta of 0.49. The stock’s 50-day moving average price is GBX 387.62 and its 200-day moving average price is GBX 413.70. The company has a current ratio of 1.24, a quick ratio of 0.62 and a debt-to-equity ratio of 79.91. BP has a 12-month low of GBX 379.70 ($4.64) and a 12-month high of GBX 562.30 ($6.86).

BP Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Thursday, November 7th were issued a $0.08 dividend. This represents a yield of 1.54%. The ex-dividend date of this dividend was Thursday, November 7th. BP’s dividend payout ratio (DPR) is currently 6,969.70%.

Insider Activity at BP

In other BP news, insider Murray Auchincloss bought 100 shares of BP stock in a transaction dated Monday, November 11th. The shares were purchased at an average cost of GBX 373 ($4.55) per share, with a total value of £373 ($455.38). 0.26% of the stock is owned by corporate insiders.

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.