Media headlines about BP (LON:BP) have been trending somewhat negative this week, according to InfoTrie. The research group identifies positive and negative news coverage by monitoring more than 6,000 news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. BP earned a media sentiment score of -1.79 on their scale. InfoTrie also assigned press coverage about the oil and gas exploration company an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock’s share price in the near term.
These are some of the news stories that may have effected BP’s score:
- BP Chief to Retire, Having Steered Oil Giant Through Gulf-Spill Fallout – The Wall Street Journal (wsj.com)
- BP lifer Bernard Looney named new CEO as Bob Dudley retires (finance.yahoo.com)
- Worker who died at BP’s NW Indiana refinery fell 30 feet (sfgate.com)
- BP Shares Gain as Oil Major Confirms Retirement of Long-Serving CEO Bob Dudley (thestreet.com)
- BP Chief Executive Is to Retire (nytimes.com)
A number of equities research analysts have issued reports on the stock. Morgan Stanley reiterated an “overweight” rating on shares of BP in a research note on Friday, August 30th. JPMorgan Chase & Co. set a GBX 625 ($8.17) price objective on shares of BP and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Barclays reiterated an “overweight” rating and set a GBX 700 ($9.15) price objective on shares of BP in a research note on Wednesday. Sanford C. Bernstein set a GBX 710 ($9.28) price objective on shares of BP and gave the stock a “buy” rating in a research note on Friday. Finally, Berenberg Bank reduced their price objective on shares of BP from GBX 620 ($8.10) to GBX 600 ($7.84) and set a “buy” rating on the stock in a research note on Monday, September 16th. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of GBX 643 ($8.40).
Shares of LON BP opened at GBX 494.90 ($6.47) on Friday. The company has a 50 day simple moving average of GBX 504.02 and a 200 day simple moving average of GBX 536.08. The firm has a market cap of $101.09 billion and a PE ratio of 11.30. BP has a 1 year low of GBX 5.08 ($0.07) and a 1 year high of GBX 603.20 ($7.88). The company has a debt-to-equity ratio of 75.21, a current ratio of 1.07 and a quick ratio of 0.69.
The company also recently announced a dividend, which was paid on Friday, September 20th. Shareholders of record on Thursday, August 8th were given a dividend of $0.10 per share. This represents a yield of 1.59%. The ex-dividend date was Thursday, August 8th. BP’s dividend payout ratio is presently 0.75%.
In other news, insider Brian Gilvary bought 63 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was bought at an average price of GBX 505 ($6.60) per share, for a total transaction of £318.15 ($415.72). Insiders have acquired a total of 184 shares of company stock valued at $95,172 in the last three months.
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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