News headlines about BP (NYSE:BP) have been trending somewhat positive on Friday, according to InfoTrie Sentiment. The research group rates the sentiment of media coverage by reviewing more than 6,000 blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. BP earned a daily sentiment score of 1.08 on their scale. InfoTrie also gave news headlines about the oil and gas exploration company an news buzz score of 3 out of 10, meaning that recent media coverage is unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected BP’s score:
- For Shareholders, BP’s Net Zero Emissions Pledge Is A Bet On An Uncertain Future – Forbes (forbes.com)
- Did BP really just pledge to become a net-zero company? It’s complicated. – Grist (grist.org)
- Researchers Find BP Oil Spill In Gulf Of Mexico Was Larger Than Originally Estimated – CBS Miami (miami.cbslocal.com)
- Louisiana to get $130M in BP spill money to help reconnect swamp to river – NBC 15 WPMI (mynbc15.com)
- BP’s carbon neutral plan overlooks one crucial fact about methane – Quartz (qz.com)
A number of research analysts have issued reports on BP shares. Argus lowered shares of BP from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Raymond James reissued a “buy” rating and set a $48.00 target price on shares of BP in a research note on Tuesday, January 21st. Piper Jaffray Companies started coverage on shares of BP in a research note on Tuesday, November 26th. They set a “buy” rating and a $47.00 target price for the company. Berenberg Bank lowered shares of BP from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Wells Fargo & Co raised shares of BP from an “equal weight” rating to an “overweight” rating in a research note on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. BP currently has a consensus rating of “Buy” and a consensus target price of $47.05.
BP stock opened at $36.18 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 0.64. The firm has a 50-day moving average price of $37.85 and a two-hundred day moving average price of $37.84. The firm has a market capitalization of $122.89 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 1.41 and a beta of 0.79. BP has a 52-week low of $35.07 and a 52-week high of $45.38.
BP (NYSE:BP) last posted its earnings results on Tuesday, February 4th. The oil and gas exploration company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.11. BP had a net margin of 1.42% and a return on equity of 9.80%. The firm had revenue of $71.11 billion during the quarter, compared to analyst estimates of $67.44 billion. During the same period in the previous year, the business posted $1.04 EPS. BP’s revenue was down 6.0% on a year-over-year basis. Research analysts expect that BP will post 2.85 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, February 14th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 6.97%. This is an increase from BP’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Thursday, February 13th. BP’s payout ratio is 82.71%.
BP Company Profile
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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