BP p.l.c. (NYSE:BP) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Tuesday.

BP has been the subject of a number of other reports. Scotiabank reissued a “buy” rating and set a $38.00 price objective on shares of BP p.l.c. in a research note on Monday, March 27th. Zacks Investment Research cut shares of BP p.l.c. from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 11th. Deutsche Bank AG raised shares of BP p.l.c. from a “hold” rating to a “buy” rating in a research note on Tuesday, April 4th. Morgan Stanley reissued a “buy” rating on shares of BP p.l.c. in a research note on Thursday, April 13th. Finally, Kepler Capital Markets cut shares of BP p.l.c. from a “hold” rating to a “reduce” rating in a research note on Friday, June 30th. Four analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the company’s stock. BP p.l.c. currently has a consensus rating of “Hold” and an average target price of $36.10.

BP p.l.c. (BP) traded up 1.16% during midday trading on Tuesday, reaching $34.86. The company’s stock had a trading volume of 2,459,971 shares. The firm has a market capitalization of $114.25 billion, a P/E ratio of 51.88 and a beta of 0.94. BP p.l.c. has a 52 week low of $32.50 and a 52 week high of $38.68. The company’s 50-day moving average is $35.08 and its 200 day moving average is $35.12.

BP p.l.c. (NYSE:BP) last issued its quarterly earnings data on Tuesday, May 2nd. The oil and gas exploration company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.08. BP p.l.c. had a net margin of 1.06% and a return on equity of 3.72%. The business had revenue of $55.86 billion during the quarter, compared to analysts’ expectations of $59.87 billion. During the same period last year, the company posted $0.17 EPS. The company’s revenue was up 45.1% on a year-over-year basis. Analysts expect that BP p.l.c. will post $1.60 earnings per share for the current fiscal year.

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Several hedge funds have recently made changes to their positions in BP. Massey Quick & Co. LLC boosted its stake in shares of BP p.l.c. by 27,575.0% in the first quarter. Massey Quick & Co. LLC now owns 1,107 shares of the oil and gas exploration company’s stock valued at $3,856,000 after buying an additional 1,103 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of BP p.l.c. by 92.4% in the first quarter. Parkside Financial Bank & Trust now owns 2,886 shares of the oil and gas exploration company’s stock valued at $100,000 after buying an additional 1,386 shares in the last quarter. Feltz Wealth PLAN Inc. bought a new stake in shares of BP p.l.c. during the first quarter valued at about $106,000. Crestwood Advisors Group LLC bought a new stake in shares of BP p.l.c. during the first quarter valued at about $114,000. Finally, IHT Wealth Management LLC boosted its stake in shares of BP p.l.c. by 21.4% in the first quarter. IHT Wealth Management LLC now owns 3,903 shares of the oil and gas exploration company’s stock valued at $135,000 after buying an additional 689 shares in the last quarter. 9.98% of the stock is owned by institutional investors.

BP p.l.c. Company Profile

BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.

Analyst Recommendations for BP p.l.c. (NYSE:BP)

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