Morgan Stanley cut shares of BP (LON:BP) from an overweight rating to an equal weight rating in a research report released on Friday, Borsen Zeitung reports.

Several other equities research analysts have also commented on the stock. Societe Generale decreased their price objective on shares of BP from GBX 560 ($7.37) to GBX 525 ($6.91) and set a buy rating on the stock in a research report on Thursday, February 6th. Sanford C. Bernstein decreased their price objective on shares of BP from GBX 700 ($9.21) to GBX 470 ($6.18) and set an outperform rating on the stock in a research report on Monday, March 9th. Barclays decreased their price objective on shares of BP from GBX 650 ($8.55) to GBX 380 ($5.00) and set an overweight rating on the stock in a research report on Thursday. Royal Bank of Canada lowered shares of BP from an outperform rating to an underperform rating in a research report on Monday, March 16th. Finally, Berenberg Bank reiterated a hold rating on shares of BP in a research report on Monday, February 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock. BP has an average rating of Buy and an average price target of GBX 508.89 ($6.69).

Shares of LON BP traded up GBX 10.95 ($0.14) during trading on Friday, hitting GBX 251.70 ($3.31). 131,692,992 shares of the company were exchanged, compared to its average volume of 35,510,000. The company has a market cap of $51.00 billion and a price-to-earnings ratio of 12.78. BP has a 1 year low of GBX 4.69 ($0.06) and a 1 year high of GBX 583.40 ($7.67). The firm’s fifty day moving average price is GBX 408.12 and its 200 day moving average price is GBX 473.31. The company has a debt-to-equity ratio of 76.90, a current ratio of 1.12 and a quick ratio of 0.66.

The firm also recently announced a dividend, which will be paid on Friday, March 27th. Investors of record on Thursday, February 13th will be given a dividend of $0.11 per share. This represents a yield of 1.78%. The ex-dividend date is Thursday, February 13th. This is an increase from BP’s previous dividend of $0.10. BP’s dividend payout ratio is 1.68%.

In other BP news, insider Brian Gilvary bought 65 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was purchased at an average price of GBX 492 ($6.47) per share, with a total value of £319.80 ($420.68).

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 (LON:BP)

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