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NYSE:BPMPBP Midstream Partners Stock Price, Forecast & News

$12.84
+0.20 (+1.58 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$12.27
Now: $12.84
$12.90
50-Day Range
$9.15
MA: $11.24
$12.84
52-Week Range
$6.41
Now: $12.84
$17.08
Volume390,900 shs
Average Volume443,009 shs
Market Capitalization$1.35 billion
P/E Ratio7.93
Dividend Yield10.83%
Beta1.28
BP Midstream Partners LP owns, acquires, develops, and operates pipelines and other midstream assets in the United States. It owns an onshore crude oil pipeline system, onshore refined products pipeline system, onshore diluent pipeline system, refined product terminalling system, and offshore natural gas pipeline system, as well as interests in five offshore crude oil pipeline systems. The company was founded in 2017 and is based in Houston, Texas. BP Midstream Partners LP is a subsidiary of BP Pipelines (North America), Inc.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.0Community Rank: 2.2Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.87 out of 5 stars


Industry, Sector and Symbol

Industry Pipelines, except natural gas
Sub-IndustryN/A
SectorOils/Energy
Previous SymbolNASDAQ:BPMP
CUSIPN/A
Phone281-366-2000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$128.47 million
Cash Flow$1.65 per share
Book Value$2.32 per share

Profitability

Net Income$167.88 million

Miscellaneous

EmployeesN/A
Market Cap$1.35 billion
Next Earnings Date8/13/2020 (Estimated)
OptionableOptionable

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BP Midstream Partners (NYSE:BPMP) Frequently Asked Questions

How has BP Midstream Partners' stock been impacted by COVID-19 (Coronavirus)?

BP Midstream Partners' stock was trading at $8.93 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, BPMP stock has increased by 43.8% and is now trading at $12.84. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of BP Midstream Partners?

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.

When is BP Midstream Partners' next earnings date?

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.

How were BP Midstream Partners' earnings last quarter?

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

How often does BP Midstream Partners pay dividends? What is the dividend yield for BP Midstream Partners?

BP Midstream Partners declared a quarterly dividend on Wednesday, April 15th. Shareholders of record on Thursday, April 30th will be given a dividend of $0.347 per share on Thursday, May 14th. This represents a $1.39 annualized dividend and a dividend yield of 10.81%. The ex-dividend date of this dividend is Wednesday, April 29th. View BP Midstream Partners' dividend history.

What price target have analysts set for BPMP?

4 analysts have issued 12 month price targets for BP Midstream Partners' stock. Their forecasts range from $11.50 to $17.00. On average, they expect BP Midstream Partners' share price to reach $14.17 in the next year. This suggests a possible upside of 10.3% from the stock's current price. View analysts' price targets for BP Midstream Partners.

Has BP Midstream Partners been receiving favorable news coverage?

Media coverage about BPMP stock has trended very negative this week, according to InfoTrie. The research firm rates the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. BP Midstream Partners earned a media sentiment score of -3.5 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutBP Midstream Partners.

Are investors shorting BP Midstream Partners?

BP Midstream Partners saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 623,100 shares, an increase of 8.0% from the April 30th total of 576,700 shares. Based on an average daily volume of 543,200 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.2% of the company's stock are sold short. View BP Midstream Partners' Current Options Chain.

Who are some of BP Midstream Partners' key competitors?

What other stocks do shareholders of BP Midstream Partners own?

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).

Who are BP Midstream Partners' key executives?

BP Midstream Partners' management team includes the following people:
  • Mr. Robert P. Zinsmeister, CEO & Director of BP Midstream Partners GP LLC (Age 61)
  • Mr. Craig W. Coburn, CFO & Director of BP Midstream Partners GP LLC (Age 55)
  • Mr. Gerald J. Maret, Chief Operating Officer of BP Midstream Partners GP LLC (Age 61)
  • Mr. Hans F. Boas, Chief Legal Counsel & Sec. of BP Midstream Partners GP LLC (Age 54)
  • Mr. Mark Frena, Chief Devel. Officer of BP Midstream Partners GP LLC (Age 59)

When did BP Midstream Partners IPO?

(BPMP) raised $850 million in an IPO 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.

What is BP Midstream Partners' stock symbol?

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

Who are BP Midstream Partners' major shareholders?

BP Midstream Partners' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Tortoise Capital Advisors L.L.C. (5.07%), Kayne Anderson Capital Advisors LP (4.41%), Chickasaw Capital Management LLC (3.86%), Morgan Stanley (3.46%), Morgan Stanley (3.46%) and Clearbridge Investments LLC (3.24%). View institutional ownership trends for BP Midstream Partners.

Which institutional investors are selling BP Midstream Partners stock?

BPMP stock was sold by a variety of institutional investors in the last quarter, including Kayne Anderson Capital Advisors LP, Tortoise Capital Advisors L.L.C., Clearbridge Investments LLC, Eagle Global Advisors LLC, Northwestern Mutual Investment Management Company LLC, Cohen & Steers Inc., Commonwealth of Pennsylvania Public School Empls Retrmt SYS, and Deutsche Bank AG. View insider buying and selling activity for BP Midstream Partners.

Which institutional investors are buying BP Midstream Partners stock?

BPMP stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Citigroup Inc., Wells Fargo & Company MN, Chickasaw Capital Management LLC, Harvest Fund Advisors LLC, PNC Financial Services Group Inc., and Jane Street Group LLC. View insider buying and selling activity for BP Midstream Partners.

How do I buy shares of 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.

What is BP Midstream Partners' stock price today?

One share of BPMP stock can currently be purchased for approximately $12.84.

How big of a company is BP Midstream Partners?

BP Midstream Partners has a market capitalization of $1.35 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.

What is BP Midstream Partners' official website?

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

How can I contact BP Midstream Partners?

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]

This page was last updated on 5/30/2020 by MarketBeat.com Staff

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