BP (LON:BP) had its price target reduced by Jefferies Financial Group from GBX 625 ($8.17) to GBX 590 ($7.71) in a research note released on Thursday, Borsen Zeitung reports. They currently have a buy rating on the oil and gas exploration company’s stock.
Other analysts also recently issued reports about the company. Deutsche Bank reissued a buy rating on shares of BP in a report on Friday, July 12th. Berenberg Bank assumed coverage on BP in a research report on Wednesday, October 9th. They issued a buy rating and a GBX 600 ($7.84) price target on the stock. Sanford C. Bernstein set a GBX 710 ($9.28) price target on BP and gave the company a buy rating in a research report on Friday, October 4th. Goldman Sachs Group set a GBX 730 ($9.54) price target on BP and gave the company a buy rating in a research report on Monday. Finally, HSBC set a GBX 600 ($7.84) price target on BP and gave the company a buy rating in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. BP currently has a consensus rating of Buy and a consensus price target of GBX 635.67 ($8.31).
Shares of BP stock traded down GBX 3.20 ($0.04) on Thursday, hitting GBX 485.05 ($6.34). The stock had a trading volume of 21,129,193 shares, compared to its average volume of 35,510,000. BP has a 52-week low of GBX 5.08 ($0.07) and a 52-week high of GBX 583.40 ($7.62). The company has a current ratio of 1.07, a quick ratio of 0.69 and a debt-to-equity ratio of 75.21. The stock has a market cap of $99.05 billion and a price-to-earnings ratio of 11.07. The company’s 50 day moving average price is GBX 503.65 and its 200 day moving average price is GBX 532.50.
The company also recently declared a dividend, which was paid on Friday, September 20th. Investors of record on Thursday, August 8th were issued a $0.10 dividend. This represents a dividend yield of 1.59%. The ex-dividend date of this dividend was Thursday, August 8th. BP’s dividend payout ratio is currently 0.75%.
In other news, insider Brian Gilvary purchased 63 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average price of GBX 505 ($6.60) per share, for a total transaction of £318.15 ($415.72). In the last 90 days, insiders purchased 186 shares of company stock worth $93,864.
BP Company Profile
BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).
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