Equities researchers at Jefferies Financial Group initiated coverage on shares of BP (NYSE:BP) in a note issued to investors on Thursday, Briefing.com reports. The firm set a "hold" rating on the oil and gas exploration company's stock.
A number of other equities analysts also recently commented on BP. Morgan Stanley upgraded BP from an "underweight" rating to an "equal weight" rating in a research note on Monday, November 2nd. Credit Suisse Group reissued an "outperform" rating on shares of BP in a report on Wednesday, January 13th. Piper Sandler cut their price target on BP from $31.00 to $28.00 and set an "overweight" rating on the stock in a report on Friday, January 8th. Mizuho assumed coverage on BP in a report on Tuesday, January 12th. They set a "neutral" rating and a $27.00 price target on the stock. Finally, DZ Bank raised BP from a "sell" rating to a "buy" rating in a report on Wednesday, October 28th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. BP currently has an average rating of "Hold" and a consensus price target of $26.69.
NYSE:BP opened at $24.81 on Thursday. The company has a market capitalization of $83.77 billion, a price-to-earnings ratio of -3.86, a price-to-earnings-growth ratio of 3.37 and a beta of 0.87. BP has a one year low of $14.74 and a one year high of $38.51. The stock has a 50-day simple moving average of $22.33 and a 200 day simple moving average of $20.52. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.98 and a current ratio of 1.22.
BP (NYSE:BP) last posted its quarterly earnings results on Sunday, November 1st. The oil and gas exploration company reported $0.03 EPS for the quarter, topping the Zacks' consensus estimate of ($0.04) by $0.07. The business had revenue of $44.20 billion during the quarter, compared to the consensus estimate of $45.84 billion. BP had a negative return on equity of 3.64% and a negative net margin of 10.45%. The company's revenue for the quarter was down 36.2% compared to the same quarter last year. During the same period last year, the firm earned $0.11 earnings per share. On average, equities research analysts forecast that BP will post -1.56 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of BP. Evolution Wealth Advisors LLC acquired a new stake in shares of BP in the third quarter worth about $38,000. Banque Cantonale Vaudoise bought a new position in shares of BP in the 3rd quarter valued at approximately $47,000. Crescent Capital Consulting LLC acquired a new stake in BP in the 4th quarter worth approximately $57,000. Brand Asset Management Group Inc. boosted its position in BP by 50.9% during the third quarter. Brand Asset Management Group Inc. now owns 3,017 shares of the oil and gas exploration company's stock worth $53,000 after purchasing an additional 1,017 shares during the period. Finally, Old North State Trust LLC acquired a new position in BP during the third quarter valued at approximately $61,000. Institutional investors own 7.91% of the company's stock.
BP Company Profile
BP PLC engages in the energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, and 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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