BP Midstream Partners (BPMP) Downgraded to Neutral at Citigroup

Citigroup downgraded shares of BP Midstream Partners (NYSE:BPMP) from a buy rating to a neutral rating in a research note published on Tuesday morning, Marketbeat.com reports.

Several other analysts have also recently commented on the company. UBS Group assumed coverage on BP Midstream Partners in a research report on Monday, November 20th. They set a buy rating and a $21.00 price target for the company. Credit Suisse Group assumed coverage on BP Midstream Partners in a research report on Thursday, January 4th. They set a neutral rating and a $19.00 price target for the company. JPMorgan Chase & Co. assumed coverage on BP Midstream Partners in a research report on Monday, November 20th. They set an overweight rating for the company. Mitsubishi UFJ Financial Group assumed coverage on BP Midstream Partners in a research report on Friday, December 15th. They set a neutral rating and a $21.00 price target for the company. Finally, Goldman Sachs Group assumed coverage on BP Midstream Partners in a research report on Monday, November 20th. They set a neutral rating and a $22.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of Hold and an average price target of $20.75.

BP Midstream Partners (NYSE BPMP) traded up $0.11 during trading on Tuesday, hitting $21.22. The stock had a trading volume of 101,324 shares, compared to its average volume of 302,900. BP Midstream Partners has a 1-year low of $16.85 and a 1-year high of $21.98.

In related news, Director Clive Christison acquired 2,500 shares of the stock in a transaction on Monday, October 30th. The shares were bought at an average price of $18.00 per share, with a total value of $45,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert P. Zinsmeister acquired 5,555 shares of the stock in a transaction on Monday, October 30th. The shares were bought at an average cost of $18.00 per share, for a total transaction of $99,990.00. The disclosure for this purchase can be found here.

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About BP Midstream Partners

BP Midstream Partners LP is a master limited partnership formed by BP Pipelines (North America) Inc The Company owns, operates, develops and acquires pipelines and other midstream assets. It owns one onshore crude oil pipeline system, one onshore refined products pipeline system, one onshore diluent pipeline system, interests in four offshore crude oil pipeline systems and an interest in one offshore natural gas pipeline system.

Analyst Recommendations for BP Midstream Partners (NYSE:BPMP)

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