BP p.l.c. (LON:BP) Given Average Rating of “Hold” by Analysts

BP p.l.c. (LON:BP) has been given an average recommendation of “Hold” by the seven analysts that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is GBX 628.57 ($7.90).

Several research firms recently issued reports on BP. JPMorgan Chase & Co. reissued an “underweight” rating on shares of BP in a research report on Tuesday, February 20th. Barclays reissued an “overweight” rating and issued a GBX 1,000 ($12.56) target price on shares of BP in a report on Monday, April 8th. AlphaValue downgraded BP to a “reduce” rating in a research report on Monday, February 12th. Bank of America reiterated a “neutral” rating and issued a GBX 500 ($6.28) price target on shares of BP in a research report on Monday, April 22nd. Finally, Berenberg Bank cut their price objective on BP from GBX 525 ($6.60) to GBX 510 ($6.41) and set a “hold” rating for the company in a report on Thursday, February 22nd.

BP Stock Up 0.7 %

BP opened at GBX 504.10 ($6.33) on Friday. The firm’s fifty day moving average price is GBX 501.75 and its two-hundred day moving average price is GBX 483.65. The company has a market capitalization of £84.59 billion, a P/E ratio of 736.03, a P/E/G ratio of 0.35 and a beta of 0.55. BP has a fifty-two week low of GBX 441.05 ($5.54) and a fifty-two week high of GBX 562.30 ($7.06). The company has a debt-to-equity ratio of 73.78, a current ratio of 1.21 and a quick ratio of 0.62.

BP Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.07 per share. This represents a dividend yield of 1.14%. The ex-dividend date of this dividend is Thursday, May 16th. BP’s payout ratio is presently 3,235.29%.

Insider Activity

In related news, insider Murray Auchincloss purchased 72 shares of BP stock in a transaction that occurred on Wednesday, April 10th. The shares were acquired at an average price of GBX 517 ($6.49) per share, for a total transaction of £372.24 ($467.64). Over the last ninety days, insiders acquired 82 shares of company stock worth $41,974. 0.28% of the stock is owned by corporate insiders.

BP Company Profile

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.