Jefferies Financial Group reaffirmed their buy rating on shares of BP (LON:BP - Free Report) in a research report released on Monday, Marketbeat.com reports. Jefferies Financial Group currently has a GBX 540 ($6.85) price objective on the oil and gas exploration company's stock.
A number of other analysts also recently issued reports on BP. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of BP in a research report on Tuesday, September 24th. Berenberg Bank cut their price target on shares of BP from GBX 470 ($5.96) to GBX 440 ($5.58) and set a "hold" rating for the company in a research note on Friday, November 29th. Finally, Bank of America reissued a "buy" rating and issued a GBX 500 ($6.34) price target on shares of BP in a report on Wednesday, September 4th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of GBX 605 ($7.68).
Read Our Latest Stock Report on BP
BP Stock Performance
Shares of BP stock traded down GBX 1.10 ($0.01) during trading hours on Monday, hitting GBX 395.95 ($5.02). 54,185,785 shares of the company were exchanged, compared to its average volume of 8,560,774. BP has a 52-week low of GBX 379.70 ($4.82) and a 52-week high of GBX 562.30 ($7.13). The company has a current ratio of 1.24, a quick ratio of 0.62 and a debt-to-equity ratio of 79.91. The firm has a fifty day simple moving average of GBX 390.05 and a 200 day simple moving average of GBX 423.78. The stock has a market capitalization of £62.76 billion, a price-to-earnings ratio of 1,199.85, a P/E/G ratio of 0.35 and a beta of 0.49.
BP Dividend Announcement
The company also recently disclosed a dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 7th will be issued a $0.08 dividend. This represents a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, November 7th. BP's payout ratio is currently 6,969.70%.
Insiders Place Their Bets
In related news, insider Murray Auchincloss acquired 100 shares of BP stock in a transaction dated Monday, November 11th. The stock was purchased at an average cost of GBX 373 ($4.73) per share, for a total transaction of £373 ($473.23). Over the last three months, insiders have bought 200 shares of company stock valued at $76,760. Insiders own 0.26% of the company's stock.
BP Company Profile
(
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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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