Jefferies Financial Group reaffirmed their hold rating on shares of BP (LON:BP) in a report issued on Tuesday morning, ThisIsMoney.Co.Uk reports.
Several other research firms have also weighed in on BP. Goldman Sachs Group set a GBX 550 ($6.77) price objective on shares of BP and gave the company a buy rating in a research note on Tuesday, June 16th. Credit Suisse Group set a GBX 350 ($4.31) price objective on shares of BP and gave the company a neutral rating in a research note on Monday, June 22nd. Citigroup reiterated a neutral rating and issued a GBX 330 ($4.06) price objective (up previously from GBX 310 ($3.81)) on shares of BP in a research note on Wednesday, April 29th. Royal Bank of Canada reissued an underperform rating on shares of BP in a research report on Thursday, June 25th. Finally, Kepler Capital Markets reissued a buy rating and issued a GBX 400 ($4.92) price target on shares of BP in a research report on Thursday, April 23rd. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 392.50 ($4.83).
LON:BP opened at GBX 307.20 ($3.78) on Tuesday. The company has a fifty day moving average of GBX 318.83 and a 200-day moving average of GBX 381.32. The firm has a market capitalization of $62.24 billion and a P/E ratio of -19.08. The company has a quick ratio of 0.58, a current ratio of 1.01 and a debt-to-equity ratio of 86.75. BP has a twelve month low of GBX 4.69 ($0.06) and a twelve month high of GBX 563 ($6.93).
The company also recently disclosed a dividend, which was paid on Friday, June 19th. Investors of record on Thursday, May 7th were paid a $0.11 dividend. This represents a yield of 2.69%. The ex-dividend date of this dividend was Thursday, May 7th. BP’s dividend payout ratio is currently -204.97%.
In related news, insider Bernard Looney purchased 88 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were purchased at an average cost of GBX 353 ($4.34) per share, for a total transaction of £310.64 ($382.28). Insiders purchased a total of 281 shares of company stock worth $93,912 over the last 90 days.
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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