BP p.l.c. (LON:BP - Get Free Report)'s share price reached a new 52-week low on Friday . The company traded as low as GBX 375.15 ($4.79) and last traded at GBX 377.75 ($4.82), with a volume of 49269916 shares changing hands. The stock had previously closed at GBX 379.20 ($4.84).
Wall Street Analyst Weigh In
Several analysts have issued reports on BP shares. Berenberg Bank lowered their target price on shares of BP from GBX 470 ($6.00) to GBX 440 ($5.61) and set a "hold" rating on the stock in a research note on Friday, November 29th. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of BP in a research note on Tuesday, September 24th. Finally, Bank of America restated a "buy" rating and issued a GBX 500 ($6.38) price objective on shares of BP in a research report on Wednesday, September 4th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, BP presently has a consensus rating of "Hold" and a consensus price target of GBX 618 ($7.89).
Get Our Latest Research Report on BP
BP Stock Performance
The stock has a market capitalization of £59.87 billion, a P/E ratio of 1,149.09, a P/E/G ratio of 0.35 and a beta of 0.49. The business has a fifty day moving average price of GBX 391.36 and a 200-day moving average price of GBX 429.34. The company has a quick ratio of 0.62, a current ratio of 1.24 and a debt-to-equity ratio of 79.91.
BP Dividend Announcement
The business also recently declared a dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, November 7th will be given a $0.08 dividend. This represents a yield of 1.54%. The ex-dividend date of this dividend is Thursday, November 7th. BP's payout ratio is 6,969.70%.
Insiders Place Their Bets
In related news, insider Murray Auchincloss bought 100 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was bought at an average cost of GBX 373 ($4.76) per share, with a total value of £373 ($475.95). Insiders bought a total of 113 shares of company stock worth $42,586 over the last three months. 0.26% of the stock is currently owned by company insiders.
About BP
(
Get Free Report)
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.
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