BP (NYSE:BP) Research Coverage Started at StockNews.com

Research analysts at StockNews.com started coverage on shares of BP (NYSE:BP – Get Rating) in a note issued to investors on Thursday. The firm set a “buy” rating on the oil and gas exploration company’s stock.

BP has been the subject of several other reports. AlphaValue raised shares of BP to a “reduce” rating in a research report on Tuesday, December 13th. JPMorgan Chase & Co. decreased their price objective on shares of BP from GBX 560 ($6.83) to GBX 540 ($6.58) in a research report on Thursday, January 19th. Morgan Stanley raised their price target on shares of BP from GBX 636 ($7.75) to GBX 660 ($8.04) in a research report on Thursday, February 9th. Deutsche Bank Aktiengesellschaft raised their price target on shares of BP from GBX 527 ($6.42) to GBX 549 ($6.69) in a research report on Tuesday, December 6th. Finally, Royal Bank of Canada raised their price target on shares of BP from GBX 550 ($6.70) to GBX 650 ($7.92) in a research report on Wednesday, February 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $369.93.

BP Stock Performance

Shares of BP stock opened at $35.85 on Thursday. The firm has a market capitalization of $107.55 billion, a P/E ratio of -56.90, a PEG ratio of 1.06 and a beta of 0.73. The company has a quick ratio of 0.80, a current ratio of 1.09 and a debt-to-equity ratio of 0.53. The company has a 50 day moving average price of $37.66 and a 200 day moving average price of $34.37. BP has a 52 week low of $25.36 and a 52 week high of $41.38.

Institutional Investors Weigh In On BP

A number of institutional investors have recently added to or reduced their stakes in BP. Mach 1 Financial Group LLC acquired a new stake in BP in the 3rd quarter valued at $28,000. Turim 21 Investimentos Ltda. acquired a new stake in BP in the 1st quarter valued at $30,000. CoreFirst Bank & Trust grew its stake in BP by 63.8% in the 2nd quarter. CoreFirst Bank & Trust now owns 1,613 shares of the oil and gas exploration company’s stock valued at $46,000 after acquiring an additional 628 shares during the period. RFP Financial Group LLC acquired a new stake in BP in the 4th quarter valued at $48,000. Finally, Oliver Lagore Vanvalin Investment Group grew its stake in BP by 81.9% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 1,928 shares of the oil and gas exploration company’s stock valued at $67,000 after acquiring an additional 868 shares during the period. Institutional investors and hedge funds own 9.30% of the company’s stock.

About BP

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BP Plc operates as an integrated oil and gas company. It operates through the following segments: Upstream, Downstream and Rosneft. The Upstream segment engages in the oil and natural gas exploration, field development and production, midstream transportation, storage and processing, and marketing and trade of natural gas, including liquefied natural gas and power, and natural gas liquids.