NYSE:BPMPBP Midstream Partners Stock Price, Forecast & News

BP Midstream Partners' stock was trading at $8.93 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, BPMP shares have increased by 22.8% and is now trading at $10.97. View which stocks have been most impacted by Coronavirus.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BP Midstream Partners in the last year. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for BP Midstream Partners.

BP Midstream Partners is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for BP Midstream Partners.

BP Midstream Partners LP (NYSE:BPMP) issued its quarterly earnings results on Friday, May, 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.01. The company had revenue of $30.70 million for the quarter, compared to analysts' expectations of $30.55 million. BP Midstream Partners had a return on equity of 74.44% and a net margin of 133.74%. The firm's quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 EPS. View BP Midstream Partners' earnings history.

BP Midstream Partners declared a quarterly dividend on Wednesday, April 15th. Investors of record on Thursday, April 30th will be paid a dividend of $0.347 per share on Thursday, May 14th. This represents a $1.39 annualized dividend and a dividend yield of 12.65%. The ex-dividend date of this dividend is Wednesday, April 29th. View BP Midstream Partners' dividend history.

4 Wall Street analysts have issued 1-year price targets for BP Midstream Partners' stock. Their forecasts range from $11.50 to $17.00. On average, they anticipate BP Midstream Partners' share price to reach $14.17 in the next twelve months. This suggests a possible upside of 29.1% from the stock's current price. View analysts' price targets for BP Midstream Partners.

Headlines about BPMP stock have trended negative this week, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. BP Midstream Partners earned a coverage optimism score of -2.1 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news about BP Midstream Partners.

BP Midstream Partners saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 648,100 shares, an increase of 10.7% from the May 31st total of 585,400 shares. Based on an average trading volume of 508,400 shares, the short-interest ratio is presently 1.3 days. Currently, 1.3% of the company's shares are sold short. View BP Midstream Partners' Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other BP Midstream Partners investors own include AT&T (T), Enbridge (ENB), AbbVie (ABBV), Alibaba Group (BABA), Enterprise Products Partners (EPD), Energy Transfer LP Unit (ET), Pfizer (PFE), Verizon Communications (VZ), BP (BP) and Golar LNG Partners (GMLP).

(BPMP) raised $850 million in an initial public offering (IPO) on Thursday, October 26th 2017. The company issued 42,500,000 shares at a price of $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 Nelson Van Denburg & Campbell Wealth Management Group LLC (0.01%). View institutional ownership trends for BP Midstream Partners.

BPMP stock was bought by a variety of institutional investors in the last quarter, including Nelson Van Denburg & Campbell Wealth Management Group LLC. View insider buying and selling activity for BP Midstream Partners.

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

One share of BPMP stock can currently be purchased for approximately $10.97.

BP Midstream Partners has a market capitalization of $1.15 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]