Somewhat Favorable News Coverage Somewhat Unlikely to Affect BP Midstream Partners (BPMP) Share Price

Headlines about BP Midstream Partners (NYSE:BPMP) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. BP Midstream Partners earned a news impact score of 0.12 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.3895339927444 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

BP Midstream Partners (BPMP) traded down $0.38 during midday trading on Friday, hitting $19.22. The stock had a trading volume of 173,039 shares, compared to its average volume of 163,663. BP Midstream Partners has a 52-week low of $16.85 and a 52-week high of $23.00.

The company also recently disclosed a special dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be issued a dividend of $0.1798 per share. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a dividend yield of 0.00841573033707865%.

BPMP has been the subject of a number of research analyst reports. UBS Group assumed coverage on BP Midstream Partners in a report on Monday, November 20th. They issued a “buy” rating and a $21.00 target price for the company. Citigroup assumed coverage on BP Midstream Partners in a report on Monday, November 20th. They set a “buy” rating and a $21.00 price objective for the company. Barclays assumed coverage on BP Midstream Partners in a report on Monday, November 20th. They set an “equal weight” rating and a $20.00 price objective for the company. Morgan Stanley assumed coverage on BP Midstream Partners in a report on Monday, November 20th. They set an “equal weight” rating and a $20.00 price objective for the company. Finally, Bank of America assumed coverage on BP Midstream Partners in a report on Friday, January 12th. They set a “neutral” rating and a $22.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. BP Midstream Partners has a consensus rating of “Hold” and an average target price of $20.75.

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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.

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