Trade Report: Today: BP PLC’s (BP) Neutral Rating Reaffirm at Deutsche Bank AG

Today: BP PLC’s (BP) Neutral Rating Reaffirm at Deutsche Bank AG

BP PLC (NYSE:BP)‘s stock had its “neutral” rating restated by equities researchers at Deutsche Bank AG in a report released on Monday.

BP has been the topic of several other research reports. Zacks Investment Research upgraded BP PLC from a “sell” rating to a “hold” rating in a research note on Friday, October 21st. Vetr upgraded BP PLC from a “buy” rating to a “strong-buy” rating and set a $37.28 price objective on the stock in a research note on Wednesday, September 21st. Collins Stewart reiterated a “buy” rating on shares of BP PLC in a research note on Sunday, September 11th. reiterated a “buy” rating on shares of BP PLC in a research note on Tuesday, August 16th. Finally, BNP Paribas reiterated an “outperform” rating on shares of BP PLC in a research note on Tuesday, October 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and three have given a strong buy rating to the company’s stock. BP PLC has a consensus rating of “Buy” and an average price target of $37.48.

Shares of BP PLC (NYSE:BP) opened at 34.27 on Monday. BP PLC has a one year low of $27.01 and a one year high of $37.28. The firm’s market cap is $108.02 billion. The firm has a 50 day moving average price of $34.84 and a 200-day moving average price of $34.08.

BP PLC (NYSE:BP) last announced its earnings results on Tuesday, November 1st. The oil and gas exploration company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. BP PLC had a positive return on equity of 2.48% and a negative net margin of 2.03%. The firm had revenue of $48.04 billion for the quarter, compared to the consensus estimate of $50.51 billion. During the same quarter in the previous year, the business earned $0.60 EPS. The company’s revenue was down 16.2% compared to the same quarter last year. Analysts forecast that BP PLC will post $1.10 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, November 11th will be paid a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 6.94%. The ex-dividend date of this dividend is Tuesday, November 8th. BP PLC’s dividend payout ratio is -195.08%.

Several institutional investors have recently made changes to their positions in BP. CHICAGO TRUST Co NA increased its position in shares of BP PLC by 10.8% in the second quarter. CHICAGO TRUST Co NA now owns 25,944 shares of the oil and gas exploration company’s stock worth $921,000 after buying an additional 2,533 shares in the last quarter. Edge Wealth Management LLC increased its position in shares of BP PLC by 20.1% in the second quarter. Edge Wealth Management LLC now owns 159,479 shares of the oil and gas exploration company’s stock worth $5,662,000 after buying an additional 26,716 shares in the last quarter. Private Asset Management Inc. increased its position in shares of BP PLC by 29.3% in the second quarter. Private Asset Management Inc. now owns 168,472 shares of the oil and gas exploration company’s stock worth $5,982,000 after buying an additional 38,177 shares in the last quarter. Washington Trust Bank increased its position in shares of BP PLC by 165.9% in the second quarter. Washington Trust Bank now owns 3,337 shares of the oil and gas exploration company’s stock worth $118,000 after buying an additional 2,082 shares in the last quarter. Finally, NEXT Financial Group Inc increased its position in shares of BP PLC by 47.3% in the second quarter. NEXT Financial Group Inc now owns 22,640 shares of the oil and gas exploration company’s stock worth $803,000 after buying an additional 7,269 shares in the last quarter. 11.71% of the stock is owned by institutional investors and hedge funds.

BP PLC Company Profile

Related posts

Leave a Comment