BP p.l.c. (LON:BP) Receives GBX 618 Average PT from Analysts

BP p.l.c. (LON:BP - Get Free Report) has earned an average recommendation of "Hold" from the seven research firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 618 ($7.80).

A number of analysts have issued reports on BP shares. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of BP in a research note on Tuesday, September 24th. Bank of America reaffirmed a "buy" rating and issued a GBX 500 ($6.31) price objective on shares of BP in a research note on Wednesday, September 4th. Finally, Berenberg Bank decreased their price objective on shares of BP from GBX 470 ($5.93) to GBX 440 ($5.55) and set a "hold" rating for the company in a report on Friday, November 29th.

BP Stock Down 0.3 %

Shares of BP stock traded down GBX 1.10 ($0.01) on Friday, hitting GBX 395.95 ($5.00). 32,096,619 shares of the company traded hands, compared to its average volume of 8,560,774. BP has a 12-month low of GBX 379.70 ($4.79) and a 12-month high of GBX 562.30 ($7.10). The company has a quick ratio of 0.62, a current ratio of 1.24 and a debt-to-equity ratio of 79.91. The company has a market cap of £62.76 billion, a PE ratio of 1,199.85, a PEG ratio of 0.35 and a beta of 0.49. The company has a 50-day moving average price of GBX 390.47 and a 200 day moving average price of GBX 424.87.

BP Announces Dividend

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

Insider Activity

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 stock was purchased at an average price of GBX 373 ($4.71) per share, with a total value of £373 ($470.78). Over the last ninety days, insiders have bought 200 shares of company stock worth $76,760. Company insiders own 0.26% of the company's stock.

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.