BP p.l.c. (BP) Rating Increased to B at TheStreet
BP p.l.c. (NYSE:BP) was upgraded by equities research analysts at TheStreet from a “c” rating to a “b” rating in a research note issued on Wednesday.
A number of other brokerages have also issued reports on BP. Zacks Investment Research upgraded BP p.l.c. from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Tuesday. Evercore ISI boosted their price target on BP p.l.c. from $43.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 1st. Scotiabank restated a “buy” rating and issued a $39.00 price objective on shares of BP p.l.c. in a report on Wednesday, November 1st. Vetr lowered BP p.l.c. from a “buy” rating to a “hold” rating and set a $40.67 price objective for the company. in a report on Monday, October 30th. Finally, Cowen and Company restated a “hold” rating and issued a $39.00 price objective on shares of BP p.l.c. in a report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $38.67.
Shares of BP p.l.c. (NYSE BP) traded down $0.42 during mid-day trading on Wednesday, reaching $40.30. The company’s stock had a trading volume of 3,102,981 shares, compared to its average volume of 5,543,479. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.57. BP p.l.c. has a one year low of $32.53 and a one year high of $41.55. The firm has a market cap of $132,010.00, a price-to-earnings ratio of 30.22, a PEG ratio of 1.24 and a beta of 0.98.
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A number of hedge funds have recently modified their holdings of BP. Burt Wealth Advisors increased its position in BP p.l.c. by 6.8% in the 2nd quarter. Burt Wealth Advisors now owns 3,136 shares of the oil and gas exploration company’s stock worth $108,000 after purchasing an additional 200 shares during the last quarter. Vestor Capital LLC acquired a new position in BP p.l.c. in the 2nd quarter worth about $116,000. IHT Wealth Management LLC increased its position in BP p.l.c. by 21.4% in the 1st quarter. IHT Wealth Management LLC now owns 3,903 shares of the oil and gas exploration company’s stock worth $135,000 after purchasing an additional 689 shares during the last quarter. Cable Hill Partners LLC boosted its stake in shares of BP p.l.c. by 639.9% during the 3rd quarter. Cable Hill Partners LLC now owns 3,559 shares of the oil and gas exploration company’s stock worth $137,000 after acquiring an additional 3,078 shares in the last quarter. Finally, Johnson Financial Group Inc. boosted its stake in shares of BP p.l.c. by 1.2% during the 2nd quarter. Johnson Financial Group Inc. now owns 4,672 shares of the oil and gas exploration company’s stock worth $162,000 after acquiring an additional 55 shares in the last quarter. 9.90% of the stock is currently owned by institutional investors.
About BP p.l.c.
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.
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