BP p.l.c. (NYSE:BP) gapped up before the market opened on Tuesday . The stock had previously closed at $38.45, but opened at $39.62. BP p.l.c. shares last traded at $40.67, with a volume of 10,039,927 shares.
BP has been the subject of a number of recent research reports. Jefferies Group LLC set a $36.00 price target on shares of BP p.l.c. and gave the stock a “hold” rating in a research note on Tuesday, August 29th. Piper Jaffray Companies set a $39.00 price target on shares of BP p.l.c. and gave the stock a “buy” rating in a research note on Friday, August 25th. BMO Capital Markets raised shares of BP p.l.c. from a “market perform” rating to an “outperform” rating in a research note on Monday, September 18th. Vetr downgraded shares of BP p.l.c. from a “strong-buy” rating to a “buy” rating and set a $43.32 price target for the company. in a research note on Tuesday, October 10th. Finally, Societe Generale downgraded shares of BP p.l.c. from a “buy” rating to a “hold” rating and dropped their price target for the stock from $35.04 to $34.90 in a research note on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. BP p.l.c. has a consensus rating of “Hold” and an average price target of $37.12.
The company has a market capitalization of $133.44 billion, a P/E ratio of 35.49 and a beta of 0.95. The firm’s 50-day moving average is $38.26 and its 200-day moving average is $35.98.
BP p.l.c. (NYSE:BP) last released its quarterly earnings data on Tuesday, October 31st. The oil and gas exploration company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.28). The company had revenue of $60.02 billion during the quarter, compared to the consensus estimate of $51.26 billion. BP p.l.c. had a net margin of 1.74% and a return on equity of 3.64%. The business’s revenue was up 27.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 EPS. On average, equities analysts expect that BP p.l.c. will post $1.74 EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in BP. BlackRock Inc. increased its stake in shares of BP p.l.c. by 16,222.8% in the 1st quarter. BlackRock Inc. now owns 11,803,811 shares of the oil and gas exploration company’s stock valued at $407,466,000 after acquiring an additional 11,731,496 shares in the last quarter. Morgan Stanley increased its stake in shares of BP p.l.c. by 11.2% in the 1st quarter. Morgan Stanley now owns 6,186,085 shares of the oil and gas exploration company’s stock valued at $213,544,000 after acquiring an additional 623,612 shares in the last quarter. State Street Corp increased its stake in shares of BP p.l.c. by 2.0% in the 1st quarter. State Street Corp now owns 31,138,116 shares of the oil and gas exploration company’s stock valued at $1,074,889,000 after acquiring an additional 614,408 shares in the last quarter. Global Financial Private Capital LLC bought a new stake in shares of BP p.l.c. in the 1st quarter valued at $16,192,000. Finally, Parametric Portfolio Associates LLC increased its stake in shares of BP p.l.c. by 13.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,883,066 shares of the oil and gas exploration company’s stock valued at $99,898,000 after acquiring an additional 338,581 shares in the last quarter. Institutional investors own 9.88% of the company’s stock.
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BP p.l.c. Company Profile
BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.
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