BP p.l.c. (NYSE:BP) Receives $35.28 Consensus PT from Analysts

Shares of BP p.l.c. (NYSE:BP) have received a consensus recommendation of “Hold” from the twenty-two research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, two have assigned a buy rating and three have given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $35.28.

Several brokerages have recently weighed in on BP. Morgan Stanley lowered BP from an “equal weight” rating to an “underweight” rating and set a $26.50 price objective for the company. in a report on Monday, May 12th. TD Securities reaffirmed a “hold” rating and set a $36.00 target price (down from $40.00) on shares of BP in a report on Wednesday, March 19th. UBS Group downgraded BP from a “buy” rating to a “neutral” rating in a report on Thursday, April 10th. TD Cowen lowered BP from a “buy” rating to a “hold” rating and set a $40.00 price target on the stock. in a research report on Wednesday, March 19th. Finally, Scotiabank dropped their price target on BP from $34.00 to $30.00 and set a “sector perform” rating on the stock in a research report on Friday, April 11th.

BP Price Performance

Shares of BP opened at $29.18 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.25 and a quick ratio of 0.97. BP has a 12 month low of $25.22 and a 12 month high of $37.58. The stock has a fifty day moving average price of $29.53 and a 200 day moving average price of $30.57. The company has a market cap of $79.22 billion, a P/E ratio of 364.80, a PEG ratio of 1.12 and a beta of 0.51.

BP (NYSE:BP) last announced its quarterly earnings results on Tuesday, April 29th. The oil and gas exploration company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.03). BP had a return on equity of 10.96% and a net margin of 0.20%. The business had revenue of $46.91 billion for the quarter, compared to analyst estimates of $40.12 billion. During the same quarter last year, the firm posted $0.97 EPS. The company’s revenue was down 4.0% compared to the same quarter last year. On average, research analysts forecast that BP will post 3.53 earnings per share for the current year.

BP Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 6.58%. The ex-dividend date of this dividend is Friday, May 16th. BP’s dividend payout ratio (DPR) is presently -413.04%.

Institutional Investors Weigh In On BP

A number of hedge funds and other institutional investors have recently made changes to their positions in BP. Cary Street Partners Investment Advisory LLC raised its stake in shares of BP by 2,250.0% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 940 shares of the oil and gas exploration company’s stock valued at $32,000 after acquiring an additional 900 shares in the last quarter. Mascagni Wealth Management Inc. bought a new position in shares of BP in the 4th quarter valued at approximately $33,000. Missouri Trust & Investment Co raised its stake in shares of BP by 400.0% in the 1st quarter. Missouri Trust & Investment Co now owns 1,000 shares of the oil and gas exploration company’s stock valued at $34,000 after acquiring an additional 800 shares in the last quarter. GW&K Investment Management LLC raised its stake in shares of BP by 178.0% in the 1st quarter. GW&K Investment Management LLC now owns 1,034 shares of the oil and gas exploration company’s stock valued at $35,000 after acquiring an additional 662 shares in the last quarter. Finally, Asset Planning Inc bought a new position in shares of BP in the 4th quarter valued at approximately $40,000. 11.01% of the stock is owned by hedge funds and other institutional investors.

About BP

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.