Analysts Set BP p.l.c. (NYSE:BP) PT at $43.72

BP p.l.c. (NYSE:BP) has received a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $43.72.

A number of research analysts recently issued reports on the stock. Piper Sandler raised their target price on shares of BP from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday, April 18th. TD Securities raised their target price on shares of BP from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Erste Group Bank upgraded shares of BP from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd. Wells Fargo & Company raised their price target on shares of BP from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. Finally, Raymond James lifted their price target on shares of BP from $42.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, April 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. First United Bank & Trust acquired a new position in shares of BP in the fourth quarter valued at about $33,000. Versant Capital Management Inc bought a new stake in shares of BP during the 4th quarter valued at approximately $35,000. Guardian Wealth Management Inc. boosted its position in BP by 576.0% during the 4th quarter. Guardian Wealth Management Inc. now owns 1,129 shares of the oil and gas exploration company’s stock worth $40,000 after buying an additional 962 shares during the period. MeadowBrook Investment Advisors LLC acquired a new stake in BP during the 4th quarter worth approximately $46,000. Finally, Harbor Investment Advisory LLC boosted its position in BP by 200.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 1,588 shares of the oil and gas exploration company’s stock worth $56,000 after buying an additional 1,060 shares during the period. Institutional investors and hedge funds own 11.01% of the company’s stock.

BP Stock Up 1.0 %

BP stock opened at $38.91 on Friday. The company has a market capitalization of $109.56 billion, a P/E ratio of 7.64, a P/E/G ratio of 1.95 and a beta of 0.68. The firm’s fifty day simple moving average is $37.22 and its 200-day simple moving average is $36.49. The company has a current ratio of 1.21, a quick ratio of 0.94 and a debt-to-equity ratio of 0.57. BP has a 1-year low of $33.52 and a 1-year high of $40.84.

BP (NYSE:BP) last posted its earnings results on Tuesday, February 6th. The oil and gas exploration company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.11. BP had a net margin of 7.15% and a return on equity of 16.00%. The business had revenue of $52.14 billion for the quarter, compared to analyst estimates of $53.14 billion. During the same period last year, the business posted $1.59 EPS. BP’s revenue was down 24.7% compared to the same quarter last year. Sell-side analysts forecast that BP will post 4.94 earnings per share for the current fiscal year.

BP Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, February 16th were issued a $0.4362 dividend. This represents a $1.74 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend was Thursday, February 15th. BP’s dividend payout ratio (DPR) is presently 33.79%.

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.