Short Interest in BP plc (NYSE:BP) Expands By 20.4%

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BP plc (NYSE:BP) was the target of a large growth in short interest in November. As of November 29th, there was short interest totalling 5,660,000 shares, a growth of 20.4% from the November 14th total of 4,700,000 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,420,000 shares, the short-interest ratio is presently 0.8 days.

NYSE:BP traded down $0.02 on Friday, reaching $36.94. The stock had a trading volume of 7,880,783 shares, compared to its average volume of 6,107,789. The company has a market cap of $124.14 billion, a price-to-earnings ratio of 9.72, a P/E/G ratio of 1.33 and a beta of 0.77. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.17 and a quick ratio of 0.87. The firm’s fifty day moving average is $38.31 and its two-hundred day moving average is $38.84. BP has a 12-month low of $35.73 and a 12-month high of $45.38.

BP (NYSE:BP) last released its earnings results on Tuesday, October 29th. The oil and gas exploration company reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.13. The company had revenue of $69.29 billion for the quarter, compared to analyst estimates of $78.86 billion. BP had a net margin of 1.66% and a return on equity of 10.67%. As a group, research analysts forecast that BP will post 2.9 earnings per share for the current fiscal year.

Several equities research analysts recently commented on BP shares. Argus lowered shares of BP from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Piper Jaffray Companies initiated coverage on shares of BP in a research report on Tuesday, November 26th. They issued a “buy” rating and a $47.00 price objective on the stock. JPMorgan Chase & Co. restated a “buy” rating on shares of BP in a report on Friday, August 30th. BMO Capital Markets initiated coverage on shares of BP in a report on Tuesday, August 20th. They issued an “outperform” rating and a $53.00 target price on the stock. Finally, Kepler Capital Markets restated a “buy” rating on shares of BP in a report on Monday, September 16th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $45.89.

A number of large investors have recently added to or reduced their stakes in the business. Horan Securities Inc. grew its position in BP by 39.5% in the third quarter. Horan Securities Inc. now owns 933 shares of the oil and gas exploration company’s stock valued at $35,000 after acquiring an additional 264 shares in the last quarter. MUFG Americas Holdings Corp grew its position in BP by 0.9% in the third quarter. MUFG Americas Holdings Corp now owns 30,365 shares of the oil and gas exploration company’s stock valued at $1,154,000 after acquiring an additional 264 shares in the last quarter. Atlas Brown Inc. grew its position in BP by 0.8% in the third quarter. Atlas Brown Inc. now owns 35,193 shares of the oil and gas exploration company’s stock valued at $1,337,000 after acquiring an additional 273 shares in the last quarter. Checchi Capital Advisers LLC grew its position in BP by 1.4% in the third quarter. Checchi Capital Advisers LLC now owns 19,778 shares of the oil and gas exploration company’s stock valued at $751,000 after acquiring an additional 278 shares in the last quarter. Finally, Citizens Financial Group Inc RI grew its position in BP by 3.7% in the second quarter. Citizens Financial Group Inc RI now owns 8,449 shares of the oil and gas exploration company’s stock valued at $352,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 10.61% of the company’s stock.

BP Company Profile

BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).

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