BP p.l.c. (LON:BP) Receives Consensus Recommendation of “Hold” from Analysts

BP p.l.c. (LON:BP) has been given a consensus recommendation of “Hold” by the eight ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 605 ($7.61).

A number of research firms recently issued reports on BP. Berenberg Bank dropped their target price on BP from GBX 470 ($5.91) to GBX 440 ($5.53) and set a “hold” rating on the stock in a research report on Friday, November 29th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of BP in a research note on Tuesday, September 24th. Bank of America restated a “buy” rating and set a GBX 500 ($6.29) price objective on shares of BP in a research note on Wednesday, September 4th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 540 ($6.79) target price on shares of BP in a research report on Monday.

Insider Activity at BP

In other BP news, insider Murray Auchincloss purchased 100 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were acquired at an average price of GBX 373 ($4.69) per share, for a total transaction of £373 ($468.95). In the last ninety days, insiders bought 200 shares of company stock worth $76,760. Insiders own 0.26% of the company’s stock.

BP Stock Performance

Shares of BP opened at GBX 383.40 ($4.82) on Friday. The firm’s 50 day moving average price is GBX 388.79 and its two-hundred day moving average price is GBX 422.77. The company has a debt-to-equity ratio of 79.91, a quick ratio of 0.62 and a current ratio of 1.24. BP has a twelve month low of GBX 379.70 ($4.77) and a twelve month high of GBX 562.30 ($7.07). The firm has a market cap of £60.77 billion, a P/E ratio of 1,161.82, a PEG ratio of 0.35 and a beta of 0.49.

BP Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, November 7th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a dividend yield of 1.54%. BP’s payout ratio is 6,969.70%.

BP Company Profile

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.