BP's (BP) "Hold" Rating Reaffirmed at TD Securities

BP (NYSE:BP - Get Free Report)'s stock had its "hold" rating reaffirmed by stock analysts at TD Securities in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $36.00 target price on the oil and gas exploration company's stock, down from their previous target price of $40.00. TD Securities' price objective would indicate a potential upside of 4.06% from the company's previous close.

BP has been the subject of a number of other research reports. JPMorgan Chase & Co. raised shares of BP from an "underweight" rating to a "neutral" rating in a research report on Thursday, February 20th. TD Cowen downgraded shares of BP from a "buy" rating to a "hold" rating and set a $40.00 price target for the company. in a research report on Wednesday. Piper Sandler decreased their price target on shares of BP from $36.00 to $32.00 and set a "neutral" rating for the company in a research report on Thursday, December 19th. Wolfe Research set a $50.00 price target on shares of BP in a research report on Tuesday, January 14th. Finally, DZ Bank downgraded shares of BP from a "hold" rating to a "sell" rating in a research report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, two have given a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, BP currently has a consensus rating of "Hold" and an average target price of $37.48.

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BP Stock Down 0.4 %

Shares of BP traded down $0.16 during mid-day trading on Wednesday, reaching $34.60. 40,923,538 shares of the stock traded hands, compared to its average volume of 9,193,743. The firm has a market cap of $92.62 billion, a price-to-earnings ratio of 432.49, a P/E/G ratio of 1.12 and a beta of 0.58. The stock has a fifty day simple moving average of $32.70 and a 200 day simple moving average of $31.25. BP has a 12-month low of $27.82 and a 12-month high of $40.40. The company has a quick ratio of 0.97, a current ratio of 1.25 and a debt-to-equity ratio of 0.70.

BP (NYSE:BP - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The oil and gas exploration company reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.12). BP had a net margin of 0.20% and a return on equity of 10.96%. Sell-side analysts expect that BP will post 3.53 EPS for the current fiscal year.

Institutional Trading of BP

Large investors have recently added to or reduced their stakes in the business. Asset Planning Inc acquired a new stake in BP in the 4th quarter valued at approximately $40,000. Bank & Trust Co increased its position in BP by 404.8% in the 4th quarter. Bank & Trust Co now owns 2,120 shares of the oil and gas exploration company's stock valued at $63,000 after acquiring an additional 1,700 shares during the period. Versant Capital Management Inc increased its position in BP by 41.0% in the 4th quarter. Versant Capital Management Inc now owns 2,221 shares of the oil and gas exploration company's stock valued at $66,000 after acquiring an additional 646 shares during the period. Anchor Investment Management LLC increased its position in BP by 58.7% in the 3rd quarter. Anchor Investment Management LLC now owns 3,120 shares of the oil and gas exploration company's stock valued at $98,000 after acquiring an additional 1,154 shares during the period. Finally, Wellington Shields Capital Management LLC increased its position in BP by 26.9% in the 4th quarter. Wellington Shields Capital Management LLC now owns 7,550 shares of the oil and gas exploration company's stock valued at $223,000 after acquiring an additional 1,600 shares during the period. 11.01% of the stock is currently owned by institutional investors and hedge funds.

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.