BP (NYSE: BP) receives holding rating from Deutsche Bank Aktiengesellschaft
BP (NYSE: BP)The stock’s action saw its “hold” rating reformed by analysts at Deutsche Bank Aktiengesellschaft in a report released Thursday, The Fly reports.
Several other stock analysts have also published reports on the stock. Citigroup raised its price target on BP shares to $ 70.00 and rated the company “neutral” in a report released on Wednesday, June 30. JPMorgan Chase & Co. reiterated an “overweight” rating on BP shares in a report released Tuesday, July 6. HSBC set a price target of $ 23.76 on BP shares and gave the company a “conservation” rating in a research report on Thursday, July 22. reissued a “neutral” rating and set a price target of $ 70.00 on BP shares in a research report on Wednesday, June 30. Finally, Morgan Stanley downgraded BP’s stock from an “underweight” rating to an “equal weight” rating and raised its price target for the company from $ 14.74 to $ 28.49 in a year. Friday August 6 research report. Two investment analysts rated the stock with a sell rating, ten issued a custody rating, ten assigned a buy rating and one issued a strong buy rating for the company’s stock. Based on data from MarketBeat.com, BP currently has an average “Hold” rating and a consensus target price of $ 36.02.
NYSE: BP shares traded down $ 0.43 on Thursday, reaching $ 25.34. 522,897 shares of the company traded hands, compared to its average volume of 13,835,036. The company’s 50-day simple moving average is $ 24.70 and its 200-day simple moving average is 25. , $ 59. BP has a 52 week low of $ 14.74 and a 52 week high of $ 28.49. The stock has a market cap of $ 85.41 billion, a price / earnings ratio of 9.89, a price / earnings-growth ratio of 0.47, and a beta of 0.93. The company has a current ratio of 1.23, a quick ratio of 0.91, and a debt ratio of 0.65.
BP (NYSE: BP) last released its quarterly earnings data on Monday, August 2. The oil and gas exploration company reported EPS of $ 0.83 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.61 of $ 0.22. BP had a net margin of 5.21% and a return on equity of 6.40%. The company posted revenue of $ 36.47 billion in the quarter, compared to analysts’ estimates of $ 40.70 billion. During the same period last year, the company posted earnings per share ($ 1.98). BP’s quarterly revenue increased 15.1% compared to the same quarter last year. Sell-side analysts expect BP to post 3.27 EPS for the current fiscal year.
Several large investors have recently increased or reduced their holdings in BP. Assetmark Inc. increased its position in BP by 48.8% in the second quarter. Assetmark Inc. now owns 1,485 shares of the oil and gas exploration company valued at $ 39,000 after purchasing an additional 487 shares during the period. Hexagon Capital Partners LLC increased its position in BP by 7.8% in the second quarter. Hexagon Capital Partners LLC now owns 6,950 shares of the oil and gas exploration company valued at $ 184,000 after purchasing an additional 501 shares during the period. Eagle Asset Management Inc. increased its stake in BP by 6.2% during the second quarter. Eagle Asset Management Inc. now owns 9,696 shares of the oil and gas exploration company valued at $ 256,000 after purchasing an additional 570 shares last quarter. Argent Trust Co increased its stake in BP by 4.1% in the first quarter. Argent Trust Co now owns 16,867 shares of the oil and gas exploration company valued at $ 411,000 after purchasing an additional 668 shares in the last quarter. Finally, Sowell Financial Services LLC increased its stake in BP by 3.1% during the first quarter. Sowell Financial Services LLC now owns 25,221 shares of the oil and gas exploration company valued at $ 668,000 after purchasing an additional 755 shares last quarter. Hedge funds and other institutional investors hold 8.37% of the company’s shares.
BP Company Profile
BP Plc operates as an integrated oil and gas company. It operates through the following segments: Upstream, Downstream and Rosneft. The Upstream segment is engaged in oil and gas exploration, deposit development and production, intermediate transportation, storage and processing, as well as the marketing and trade of natural gas, including natural gas. liquefied and electricity and natural gas liquids.
Read more: Yield curve
This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in BP now?
Before you consider BP, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the wider market takes hold … and BP was not on the list.
While BP currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here