BP plc (NYSE:BP) has been assigned a consensus rating of “Buy” from the eighteen brokerages that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $55.61.

Several analysts recently weighed in on the company. Piper Jaffray Companies restated an “overweight” rating on shares of BP in a report on Tuesday, October 23rd. Zacks Investment Research upgraded BP from a “strong sell” rating to a “hold” rating in a report on Friday. Wells Fargo & Co assumed coverage on BP in a report on Tuesday, December 18th. They issued a “market perform” rating and a $41.00 price objective for the company. Finally, Raymond James upgraded BP from a “market perform” rating to an “outperform” rating in a report on Tuesday, November 20th. They noted that the move was a valuation call.

A number of institutional investors and hedge funds have recently bought and sold shares of BP. Eukles Asset Management purchased a new stake in shares of BP during the fourth quarter worth about $26,000. JNBA Financial Advisors purchased a new stake in shares of BP during the fourth quarter worth about $29,000. Highwater Wealth Management LLC purchased a new stake in shares of BP during the fourth quarter worth about $46,000. Financial Gravity Companies Inc. purchased a new stake in shares of BP during the fourth quarter worth about $43,000. Finally, Reilly Financial Advisors LLC grew its stake in shares of BP by 98.1% during the fourth quarter. Reilly Financial Advisors LLC now owns 1,050 shares of the oil and gas exploration company’s stock worth $40,000 after acquiring an additional 520 shares during the last quarter. Institutional investors own 11.09% of the company’s stock.

NYSE BP traded down $0.33 on Wednesday, hitting $42.17. 4,267,296 shares of the stock were exchanged, compared to its average volume of 6,233,067. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $142.05 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 1.84 and a beta of 0.82. BP has a 52-week low of $36.28 and a 52-week high of $47.83.

BP (NYSE:BP) last released its earnings results on Tuesday, February 5th. The oil and gas exploration company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.27. BP had a return on equity of 12.45% and a net margin of 3.09%. The business had revenue of $75.68 billion during the quarter, compared to the consensus estimate of $78.78 billion. During the same period last year, the company earned $0.11 earnings per share. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. Equities research analysts anticipate that BP will post 3.27 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, February 15th will be paid a $0.615 dividend. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $2.46 annualized dividend and a yield of 5.83%. BP’s dividend payout ratio (DPR) is presently 64.21%.

About BP

BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).

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Analyst Recommendations for BP (NYSE:BP)

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