BP p.l.c. (NYSE:BP) Receives $38.26 Consensus Price Target from Analysts

Shares of BP p.l.c. (NYSE:BP) have received an average rating of “Moderate Buy” from the twenty analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation, three have issued a buy recommendation and four have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $38.26.

Several brokerages recently issued reports on BP. Raymond James lifted their price objective on BP from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. upgraded BP from an “underweight” rating to a “neutral” rating in a research report on Thursday, February 20th. Piper Sandler reduced their target price on shares of BP from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. StockNews.com lowered shares of BP from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company boosted their price objective on shares of BP from $30.00 to $37.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 12th.

BP Trading Up 0.6 %

NYSE:BP opened at $32.40 on Tuesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.97 and a current ratio of 1.25. BP has a 1 year low of $27.82 and a 1 year high of $40.40. The stock has a market capitalization of $86.73 billion, a price-to-earnings ratio of 404.99, a PEG ratio of 1.12 and a beta of 0.58. The stock has a fifty day moving average price of $32.33 and a two-hundred day moving average price of $31.27.

BP (NYSE:BP) last released its quarterly earnings data on Tuesday, February 11th. The oil and gas exploration company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.12). BP had a net margin of 0.20% and a return on equity of 10.96%. As a group, sell-side analysts anticipate that BP will post 3.53 earnings per share for the current fiscal year.

BP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be paid a $0.48 dividend. The ex-dividend date is Friday, February 21st. This represents a $1.92 dividend on an annualized basis and a yield of 5.93%. BP’s payout ratio is currently 2,375.00%.

Institutional Trading of BP

Several hedge funds have recently made changes to their positions in the stock. Asset Planning Inc bought a new stake in BP in the fourth quarter valued at $40,000. Bank & Trust Co grew its position in BP by 404.8% in the 4th quarter. Bank & Trust Co now owns 2,120 shares of the oil and gas exploration company’s stock worth $63,000 after purchasing an additional 1,700 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of BP by 41.0% in the fourth quarter. Versant Capital Management Inc now owns 2,221 shares of the oil and gas exploration company’s stock valued at $66,000 after purchasing an additional 646 shares during the period. Anchor Investment Management LLC boosted its position in shares of BP by 58.7% during the third quarter. Anchor Investment Management LLC now owns 3,120 shares of the oil and gas exploration company’s stock worth $98,000 after buying an additional 1,154 shares during the period. Finally, Wellington Shields Capital Management LLC grew its holdings in BP by 26.9% in the 4th quarter. Wellington Shields Capital Management LLC now owns 7,550 shares of the oil and gas exploration company’s stock worth $223,000 after buying an additional 1,600 shares in the last quarter. Institutional investors own 11.01% of the company’s stock.

About BP

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.