S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
Log in

BP (NYSE:BP) Earns Hold Rating from Analysts at Jefferies Financial Group

Last updated on Thursday, January 21, 2021 | 2021 MarketBeat

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).

Featured Story: Trading Strategy Examples and Plans

Analyst Recommendations for BP (NYSE:BP)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]


10 Rock-Solid Dividend Paying Stocks to Own

Historically low-interest rates have made it difficult over the last decade for income-oriented investors that want to generate safe cash flow for their retirements.

Dividend-paying stocks have become more appealing to income investors because of their competitive yields, the favorite tax treatment that dividends receive, and their ability to grow their payouts over time. While fixed interest rates from bond investments will lose purchasing power to inflation over time, the purchasing power of income from dividend growth stocks is more protected because companies tend to raise their dividend payments every year.

In this slideshow, we look at ten of the best high-dividend stocks that offer strong yields (above 3.5%), have consistent cash flow, and a strong track record of dividend growth. The companies in this slideshow have all raised their dividend every year for the last ten years.

These companies also have low payout ratios (below 75%), meaning that they will have the ability to continue to pay their dividend if their earnings have a temporary dip.

Stock prices will always fluctuate, but the dividends paid by these rock-solid dividend payers should remain secure with moderate earnings growth.

View the "10 Rock-Solid Dividend Paying Stocks to Own".

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.