BP (NYSE: BP) has recently received a number of price target changes and ratings updates:
- 10/17/2024 – BP was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
- 10/11/2024 – BP was upgraded by analysts at The Goldman Sachs Group, Inc. to a “strong-buy” rating.
- 10/10/2024 – BP was downgraded by analysts at Scotiabank from a “sector outperform” rating to a “sector perform” rating. They now have a $36.00 price target on the stock, down previously from $42.00.
- 10/9/2024 – BP was downgraded by analysts at BNP Paribas from an “outperform” rating to a “neutral” rating.
- 10/4/2024 – BP was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
- 9/27/2024 – BP had its price target lowered by analysts at Wells Fargo & Company from $39.00 to $35.00. They now have an “equal weight” rating on the stock.
- 9/25/2024 – BP was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
- 9/24/2024 – BP was downgraded by analysts at Redburn Atlantic from a “buy” rating to a “neutral” rating.
- 9/17/2024 – BP was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
BP Price Performance
Shares of NYSE BP opened at $31.31 on Thursday. The company’s 50-day moving average is $32.51 and its 200 day moving average is $35.10. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.24 and a quick ratio of 0.95. The stock has a market capitalization of $86.73 billion, a P/E ratio of 9.82, a P/E/G ratio of 4.25 and a beta of 0.64. BP p.l.c. has a 1 year low of $30.52 and a 1 year high of $40.40.
BP (NYSE:BP – Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The oil and gas exploration company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.08. BP had a net margin of 3.60% and a return on equity of 13.83%. The company had revenue of $47.30 billion during the quarter, compared to analysts’ expectations of $55.82 billion. During the same period last year, the company posted $0.89 EPS. BP’s revenue was down 2.6% on a year-over-year basis. On average, sell-side analysts expect that BP p.l.c. will post 3.76 earnings per share for the current year.
BP Increases Dividend
Institutional Investors Weigh In On BP
Large investors have recently bought and sold shares of the business. Beaumont Financial Advisors LLC bought a new stake in shares of BP during the 1st quarter valued at about $6,682,000. Wedge Capital Management L L P NC grew its holdings in BP by 26.7% during the second quarter. Wedge Capital Management L L P NC now owns 629,568 shares of the oil and gas exploration company’s stock valued at $22,727,000 after purchasing an additional 132,750 shares during the period. Rothschild Investment LLC bought a new position in shares of BP in the second quarter worth about $2,620,000. SG Americas Securities LLC grew its stake in shares of BP by 860.7% during the 3rd quarter. SG Americas Securities LLC now owns 66,464 shares of the oil and gas exploration company’s stock valued at $2,086,000 after acquiring an additional 59,546 shares during the period. Finally, Sanibel Captiva Trust Company Inc. increased its holdings in BP by 147.9% in the 2nd quarter. Sanibel Captiva Trust Company Inc. now owns 43,063 shares of the oil and gas exploration company’s stock worth $1,555,000 after acquiring an additional 25,690 shares in the last quarter. 11.01% of the stock is currently owned by institutional investors.
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.
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