BP p.l.c. (LON:BP) Receives Consensus Rating of "Hold" from Brokerages

Shares of BP p.l.c. (LON:BP - Get Free Report) have received a consensus recommendation of "Hold" from the seven research firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is GBX 632 ($8.02).

Several research analysts recently commented on BP shares. Berenberg Bank reiterated a "hold" rating and set a GBX 510 ($6.47) price objective on shares of BP in a research note on Monday, August 5th. JPMorgan Chase & Co. restated an "underweight" rating on shares of BP in a research note on Tuesday, September 24th. Finally, Bank of America reiterated a "buy" rating and issued a GBX 500 ($6.35) price target on shares of BP in a research note on Wednesday, September 4th.

BP Stock Up 1.1 %

Shares of BP traded up GBX 4.40 ($0.06) during midday trading on Tuesday, reaching GBX 387.10 ($4.91). 38,396,152 shares of the stock were exchanged, compared to its average volume of 8,560,774. The company has a market capitalization of £61.36 billion, a P/E ratio of 1,173.03, a PEG ratio of 0.35 and a beta of 0.49. The company has a current ratio of 1.24, a quick ratio of 0.62 and a debt-to-equity ratio of 79.91. BP has a 52 week low of GBX 379.70 ($4.82) and a 52 week high of GBX 562.30 ($7.14). The company's 50 day moving average is GBX 396.85 and its two-hundred day moving average is GBX 439.14.

BP Announces Dividend

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

Insider Activity

In other BP news, insider Hina Nagarajan purchased 5,000 shares of the firm's stock in a transaction dated Friday, September 6th. The shares were acquired at an average price of GBX 407 ($5.16) per share, with a total value of £20,350 ($25,824.87). Also, insider Murray Auchincloss bought 100 shares of the stock in a transaction on Monday, November 11th. The shares were bought at an average cost of GBX 373 ($4.73) per share, with a total value of £373 ($473.35). Insiders have acquired 5,113 shares of company stock worth $2,077,586 in the last quarter. Corporate insiders own 0.26% of the company's stock.

About BP

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.