Shares of BP Midstream Partners LP (NYSE:BPMP) have been assigned an average rating of “Hold” from the twelve analysts that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $20.88.
Several research firms recently issued reports on BPMP. Zacks Investment Research upgraded BP Midstream Partners from a “strong sell” rating to a “hold” rating in a report on Friday, March 15th. Mizuho began coverage on BP Midstream Partners in a report on Wednesday, June 5th. They issued a “buy” rating and a $19.00 price objective on the stock. Finally, Credit Suisse Group cut their price objective on BP Midstream Partners from $17.00 to $15.00 and set an “underperform” rating on the stock in a report on Friday, March 8th.
BP Midstream Partners stock traded down $0.16 during trading on Tuesday, reaching $15.24. 62,300 shares of the company were exchanged, compared to its average volume of 279,408. BP Midstream Partners has a 52-week low of $13.80 and a 52-week high of $22.36. The firm has a market capitalization of $1.61 billion, a P/E ratio of 12.00, a P/E/G ratio of 1.11 and a beta of 0.51. The company has a quick ratio of 13.47, a current ratio of 13.47 and a debt-to-equity ratio of 2.17. The firm’s 50 day moving average price is $14.83.
BP Midstream Partners (NYSE:BPMP) last posted its earnings results on Thursday, May 9th. The company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. The company had revenue of $30.20 million for the quarter, compared to the consensus estimate of $31.02 million. BP Midstream Partners had a return on equity of 34.99% and a net margin of 116.33%. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 earnings per share. Equities research analysts predict that BP Midstream Partners will post 1.39 earnings per share for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lindbrook Capital LLC boosted its position in shares of BP Midstream Partners by 138.2% during the 1st quarter. Lindbrook Capital LLC now owns 1,810 shares of the company’s stock worth $26,000 after acquiring an additional 1,050 shares in the last quarter. Moors & Cabot Inc. boosted its position in shares of BP Midstream Partners by 10.6% during the 1st quarter. Moors & Cabot Inc. now owns 16,700 shares of the company’s stock worth $238,000 after acquiring an additional 1,600 shares in the last quarter. Alps Advisors Inc. boosted its position in shares of BP Midstream Partners by 20.4% during the 1st quarter. Alps Advisors Inc. now owns 12,543 shares of the company’s stock worth $181,000 after acquiring an additional 2,125 shares in the last quarter. Icon Wealth Partners LLC acquired a new position in shares of BP Midstream Partners during the 1st quarter worth about $39,000. Finally, Northern Trust Corp boosted its position in shares of BP Midstream Partners by 4.9% during the 4th quarter. Northern Trust Corp now owns 62,175 shares of the company’s stock worth $966,000 after acquiring an additional 2,905 shares in the last quarter. 45.71% of the stock is owned by hedge funds and other institutional investors.
BP Midstream Partners Company Profile
BP Midstream Partners LP owns, acquires, develops, and operates pipelines and other midstream assets in the United States. It owns an onshore crude oil pipeline system, onshore refined products pipeline system, onshore diluent pipeline system, refined product terminalling system, and offshore natural gas pipeline system, as well as interests in five offshore crude oil pipeline systems.
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