News articles about BP (NYSE:BP) have been trending somewhat negative recently, InfoTrie reports. The research firm scores the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. BP earned a daily sentiment score of -1.43 on their scale. InfoTrie also assigned media coverage about the oil and gas exploration company an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company’s share price in the next few days.
These are some of the news stories that may have impacted BP’s analysis:
- BP plc (NYSE:BP) Receives Consensus Rating of “Buy” from Brokerages (americanbankingnews.com)
- Applications Still Being Taken for Funding Through BP Oil Spill Settlement – WXXV News 25 (wxxv25.com)
- UPDATE 2-U.S. Supreme Court to hear BP unit’s dispute over Montana Superfund site – CNBC (cnbc.com)
- More focus on BP control, diet may prevent 94.3 million premature deaths – Healio (healio.com)
- BP: Sustainable 6% Payout To Weather The Looming Storm – Seeking Alpha (seekingalpha.com)
A number of equities research analysts have recently weighed in on BP shares. Royal Bank of Canada lowered BP from a “top pick” rating to an “outperform” rating and set a $44.65 price objective on the stock. in a research report on Tuesday, April 16th. Deutsche Bank reiterated a “buy” rating on shares of BP in a research report on Thursday, March 7th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $55.41.
Shares of BP stock opened at $42.08 on Tuesday. The company has a market capitalization of $140.88 billion, a PE ratio of 11.07, a price-to-earnings-growth ratio of 1.74 and a beta of 0.79. BP has a fifty-two week low of $36.28 and a fifty-two week high of $47.32. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.72 and a current ratio of 1.02.
BP (NYSE:BP) last issued its quarterly earnings data on Tuesday, April 30th. The oil and gas exploration company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.02. The firm had revenue of $66.32 billion for the quarter, compared to analyst estimates of $64.85 billion. BP had a return on equity of 12.19% and a net margin of 3.26%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the company earned $0.13 EPS. Research analysts forecast that BP will post 3.41 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 10th will be given a $0.615 dividend. The ex-dividend date is Thursday, May 9th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 5.85%. BP’s dividend payout ratio is currently 64.21%.
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).
Featured Story: How is a Moving Average Calculated?
Receive News & Ratings for BP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP and related companies with MarketBeat.com's FREE daily email newsletter.