BP p.l.c. (LON:BP) Given Consensus Recommendation of “Hold” by Analysts

Shares of BP p.l.c. (LON:BP) have received an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 632 ($8.01).

A number of brokerages have recently issued reports on BP. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of BP in a report on Tuesday, September 24th. Bank of America reaffirmed a “buy” rating and issued a GBX 500 ($6.34) target price on shares of BP in a research report on Wednesday, September 4th. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 510 ($6.46) price target on shares of BP in a report on Monday, August 5th.

BP Trading Up 1.1 %

BP stock opened at GBX 387.10 ($4.91) on Tuesday. BP has a one year low of GBX 379.70 ($4.81) and a one year high of GBX 562.30 ($7.13). The business’s fifty day moving average is GBX 396.85 and its 200 day moving average is GBX 439.14. The company has a debt-to-equity ratio of 79.91, a current ratio of 1.24 and a quick ratio of 0.62. The stock has a market capitalization of £61.36 billion, a PE ratio of 1,159.70, a price-to-earnings-growth ratio of 0.35 and a beta of 0.49.

BP Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, November 7th will be given a $0.08 dividend. The ex-dividend date is Thursday, November 7th. This represents a yield of 1.54%. BP’s payout ratio is presently 6,969.70%.

Insider Transactions at BP

In other BP news, insider Murray Auchincloss bought 100 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were bought at an average price of GBX 373 ($4.73) per share, with a total value of £373 ($472.81). Also, insider Hina Nagarajan purchased 5,000 shares of the company’s stock in a transaction on Friday, September 6th. The stock was acquired at an average price of GBX 407 ($5.16) per share, with a total value of £20,350 ($25,795.41). Insiders have acquired 5,113 shares of company stock worth $2,077,586 in the last 90 days. 0.26% of the stock is currently owned by insiders.

About BP

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.