BP p.l.c. (LON:BP - Get Free Report)'s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 416.82 ($5.16) and traded as low as GBX 386.80 ($4.79). BP shares last traded at GBX 393 ($4.86), with a volume of 8,660,384 shares traded.
Wall Street Analyst Weigh In
BP has been the subject of several recent analyst reports. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of BP in a research note on Tuesday, September 24th. Bank of America restated a "buy" rating and issued a GBX 500 ($6.19) price target on shares of BP in a report on Wednesday, September 4th. Jefferies Financial Group reiterated a "buy" rating and set a GBX 540 ($6.68) price objective on shares of BP in a report on Monday, December 16th. Finally, Berenberg Bank lowered their target price on shares of BP from GBX 470 ($5.82) to GBX 440 ($5.45) and set a "hold" rating for the company in a report on Friday, November 29th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of GBX 605 ($7.49).
Check Out Our Latest Report on BP
BP Stock Performance
The company has a debt-to-equity ratio of 79.91, a quick ratio of 0.62 and a current ratio of 1.24. The company has a market capitalization of £62.29 billion, a PE ratio of 1,190.91, a PEG ratio of 0.35 and a beta of 0.49. The company has a 50 day moving average price of GBX 384.54 and a 200 day moving average price of GBX 416.65.
BP Announces Dividend
The company also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Thursday, November 7th were given a dividend of $0.08 per share. This represents a dividend yield of 1.54%. The ex-dividend date of this dividend was Thursday, November 7th. BP's dividend payout ratio is currently 6,969.70%.
Insiders Place Their Bets
In related news, insider Murray Auchincloss bought 100 shares of the business's stock in a transaction on Monday, November 11th. The shares were bought at an average cost of GBX 373 ($4.62) per share, for a total transaction of £373 ($461.69). Over the last three months, insiders have acquired 200 shares of company stock valued at $76,760. Company insiders own 0.26% of the company's stock.
BP Company Profile
(
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.
Further Reading
Before you consider BP, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BP wasn't on the list.
While BP currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
