BP p.l.c. (NYSE:BP) Stock Rating Upgraded by TheStreet

TheStreet upgraded shares of BP p.l.c. (NYSE:BP) from a c rating to a b rating in a research note published on Wednesday, November 8th.

Other analysts have also recently issued research reports about the company. Piper Jaffray Companies restated a buy rating and set a $39.00 price objective on shares of BP in a research note on Thursday, September 28th. Vetr cut BP from a strong-buy rating to a buy rating and set a $43.32 price objective on the stock. in a research note on Wednesday, October 4th. Scotiabank set a $37.00 price objective on BP and gave the company a buy rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded BP from a hold rating to a buy rating and set a $46.00 price target on the stock in a research report on Tuesday, November 7th. Finally, Jefferies Group LLC set a $36.00 price target on BP and gave the stock a hold rating in a research report on Tuesday, August 29th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. BP presently has a consensus rating of Buy and a consensus price target of $38.62.

Shares of BP (BP) traded down $0.54 during midday trading on Wednesday, reaching $39.51. The company’s stock had a trading volume of 4,970,887 shares, compared to its average volume of 5,468,945. BP has a 12-month low of $33.10 and a 12-month high of $41.55. The firm has a market capitalization of $132,211.94, a PE ratio of 29.23, a P/E/G ratio of 1.14 and a beta of 0.99. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.18 and a quick ratio of 0.88.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Friday, November 10th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 6.07%. This is a positive change from BP’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Thursday, November 9th. BP’s dividend payout ratio is 203.42%.

A number of hedge funds have recently modified their holdings of BP. Burt Wealth Advisors grew its holdings in BP by 6.8% in the 2nd quarter. Burt Wealth Advisors now owns 3,136 shares of the oil and gas exploration company’s stock worth $108,000 after buying an additional 200 shares in the last quarter. Vestor Capital LLC bought a new position in BP in the 2nd quarter worth approximately $116,000. IHT Wealth Management LLC grew its holdings in BP by 21.4% in the 1st quarter. IHT Wealth Management LLC now owns 3,903 shares of the oil and gas exploration company’s stock worth $135,000 after buying an additional 689 shares in the last quarter. Cable Hill Partners LLC grew its holdings in BP by 639.9% in the 3rd quarter. Cable Hill Partners LLC now owns 3,559 shares of the oil and gas exploration company’s stock worth $137,000 after buying an additional 3,078 shares in the last quarter. Finally, Fieldpoint Private Securities LLC bought a new position in BP in the 3rd quarter worth approximately $151,000. 10.00% of the stock is owned by institutional investors and hedge funds.

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BP Company Profile

BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.

Analyst Recommendations for BP (NYSE:BP)

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