BP Midstream Partners Stock Forecast, Price & News

BP Midstream Partners' stock was trading at $8.93 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, BPMP shares have increased by 45.0% and is now trading at $12.95.
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6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BP Midstream Partners in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" BP Midstream Partners stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BPMP, but not buy additional shares or sell existing shares.
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BP Midstream Partners is scheduled to release its next quarterly earnings announcement on Thursday, February 25th 2021.
View our earnings forecast for BP Midstream Partners.

BP Midstream Partners LP (NYSE:BPMP) released its quarterly earnings data on Thursday, November, 5th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.06. The business had revenue of $33.70 million for the quarter, compared to analyst estimates of $33 million. BP Midstream Partners had a net margin of 133.81% and a return on equity of 71.35%.
View BP Midstream Partners' earnings history.

BP Midstream Partners declared a quarterly dividend on Friday, January 15th. Investors of record on Thursday, January 28th will be paid a dividend of $0.3475 per share on Thursday, February 11th. This represents a $1.39 dividend on an annualized basis and a dividend yield of 10.73%. The ex-dividend date of this dividend is Wednesday, January 27th.
View BP Midstream Partners' dividend history.

BP Midstream Partners pays an annual dividend of $1.39 per share and currently has a dividend yield of 10.73%. BPMP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. BP Midstream Partners does not yet have a strock track record of dividend growth. The dividend payout ratio of BP Midstream Partners is 87.97%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, BP Midstream Partners will have a dividend payout ratio of 90.26% in the coming year. This indicates that BP Midstream Partners may not be able to sustain their current dividend.
View BP Midstream Partners' dividend history.

6 brokers have issued 1 year price targets for BP Midstream Partners' stock. Their forecasts range from $11.00 to $14.00. On average, they anticipate BP Midstream Partners' share price to reach $12.63 in the next year. This suggests that the stock has a possible downside of 2.5%.
View analysts' price targets for BP Midstream Partners or view Wall Street analyst' top-rated stocks.

BP Midstream Partners saw a decrease in short interest during the month of December. As of December 31st, there was short interest totaling 338,800 shares, a decrease of 33.5% from the December 15th total of 509,400 shares. Based on an average trading volume of 292,400 shares, the short-interest ratio is presently 1.2 days. Currently, 0.7% of the company's stock are short sold.
View BP Midstream Partners' Short Interest.

Some companies that are related to BP Midstream Partners include Shell Midstream Partners (SHLX), Plains GP (PAGP), NuStar Energy (NS), Holly Energy Partners (HEP), Noble Midstream Partners (NBLX), Delek Logistics Partners (DKL), PBF Logistics (PBFX) and Blueknight Energy Partners (BKEP).
View all of BPMP's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other BP Midstream Partners investors own include AT&T (T), Enterprise Products Partners (EPD), Pfizer (PFE), ONEOK (OKE), Intel (INTC), Magellan Midstream Partners (MMP), Altria Group (MO), BP (BP), Energy Transfer (ET) and Mplx (MPLX).

(BPMP) raised $850 million in an initial public offering on Thursday, October 26th 2017. The company issued 42,500,000 shares at $19.00-$21.00 per share. Citigroup, Goldman Sachs, Morgan Stanley, Barclays, Credit Suisse, J.P. Morgan and UBS Investment Bank served as the underwriters for the IPO and BofA Merrill Lynch, Deutsche Bank Securities, Mizuho Securities, MUFG, BNP PARIBAS, Credit Agricole CIB and SOCIETE GENERALE were co-managers.

BP Midstream Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "BPMP."

BP Midstream Partners' stock is owned by a number of institutional and retail investors. Top institutional investors include Chickasaw Capital Management LLC (4.04%).
View institutional ownership trends for BP Midstream Partners.

BPMP stock was sold by a variety of institutional investors in the last quarter, including Chickasaw Capital Management LLC.
View insider buying and selling activity for BP Midstream Partners or view top insider-selling stocks.

Shares of BPMP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of BPMP stock can currently be purchased for approximately $12.95.

BP Midstream Partners has a market capitalization of $1.36 billion and generates $128.47 million in revenue each year. The company earns $167.88 million in net income (profit) each year or $1.58 on an earnings per share basis.

The official website for BP Midstream Partners is www.bpmidstreampartners.com.

BP Midstream Partners' mailing address is 501 WESTLAKE PARK BLVD, HOUSTON TX, 77079. The company can be reached via phone at 281-366-2000 or via email at [email protected]