BP (NYSE:BP) PT Raised to $45.00

BP (NYSE:BP) had its price target hoisted by investment analysts at Raymond James from $42.00 to $45.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has an “outperform” rating on the oil and gas exploration company’s stock. Raymond James’ price target indicates a potential upside of 16.50% from the stock’s previous close.

A number of other equities analysts have also issued reports on the company. Piper Sandler increased their price target on BP from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. Jefferies Financial Group raised BP from a “hold” rating to a “buy” rating and increased their price target for the company from $38.60 to $42.30 in a research note on Monday, March 4th. Wells Fargo & Company raised their price objective on BP from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. TD Securities raised their price objective on BP from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Finally, Scotiabank raised their price objective on BP from $45.00 to $47.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 11th. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, BP presently has a consensus rating of “Hold” and an average price target of $43.22.

BP Stock Down 1.1 %

BP opened at $38.63 on Monday. BP has a 12 month low of $33.52 and a 12 month high of $40.84. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.21 and a quick ratio of 0.94. The stock has a market cap of $108.78 billion, a P/E ratio of 7.59, a P/E/G ratio of 2.00 and a beta of 0.68. The stock’s 50 day moving average price is $37.05 and its 200 day moving average price is $36.45.

BP (NYSE:BP) last posted its earnings results on Tuesday, February 6th. The oil and gas exploration company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.96 by $0.11. BP had a return on equity of 16.00% and a net margin of 7.15%. The firm had revenue of $52.14 billion for the quarter, compared to analysts’ expectations of $53.14 billion. During the same period last year, the firm earned $1.59 EPS. The firm’s revenue was down 24.7% compared to the same quarter last year. As a group, research analysts predict that BP will post 4.93 earnings per share for the current year.

Institutional Trading of BP

A number of institutional investors have recently bought and sold shares of BP. Turim 21 Investimentos Ltda. acquired a new position in shares of BP during the 1st quarter worth about $30,000. First United Bank & Trust acquired a new position in shares of BP during the 4th quarter worth about $33,000. Indiana Trust & Investment Management CO acquired a new position in shares of BP during the 3rd quarter worth about $35,000. Versant Capital Management Inc acquired a new position in shares of BP during the 4th quarter worth about $35,000. Finally, Guardian Wealth Management Inc. increased its stake in BP by 576.0% during the fourth quarter. Guardian Wealth Management Inc. now owns 1,129 shares of the oil and gas exploration company’s stock valued at $40,000 after acquiring an additional 962 shares during the period. Institutional investors and hedge funds own 11.01% of the company’s stock.

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.