Barclays set a GBX 700 ($9.15) price objective on BP (LON:BP) in a report published on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the oil and gas exploration company’s stock.
Other equities research analysts have also recently issued research reports about the stock. Berenberg Bank cut their price objective on shares of BP from GBX 620 ($8.10) to GBX 600 ($7.84) and set a buy rating for the company in a research note on Monday, September 16th. Credit Suisse Group set a GBX 605 ($7.91) price objective on shares of BP and gave the company a neutral rating in a research note on Monday, October 7th. Goldman Sachs Group reaffirmed a conviction-buy rating and issued a GBX 730 ($9.54) price objective (down previously from GBX 810 ($10.58)) on shares of BP in a research note on Monday, October 7th. JPMorgan Chase & Co. set a GBX 625 ($8.17) price objective on shares of BP and gave the company a buy rating in a research note on Wednesday, September 18th. Finally, Morgan Stanley reaffirmed an overweight rating on shares of BP in a research note on Friday, August 30th. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of GBX 637.67 ($8.33).
BP stock opened at GBX 493.55 ($6.45) on Tuesday. The company has a debt-to-equity ratio of 75.21, a current ratio of 1.07 and a quick ratio of 0.69. BP has a one year low of GBX 5.08 ($0.07) and a one year high of GBX 585.30 ($7.65). The stock has a market cap of $100.85 billion and a PE ratio of 11.27. The firm has a 50 day simple moving average of GBX 504.10 and a two-hundred day simple moving average of GBX 534.45.
The business also recently disclosed a dividend, which was paid on Friday, September 20th. Shareholders of record on Thursday, August 8th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a yield of 1.59%. BP’s dividend payout ratio (DPR) is presently 0.75%.
In related news, insider Brian Gilvary acquired 63 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was acquired at an average cost of GBX 505 ($6.60) per share, for a total transaction of £318.15 ($415.72). Insiders acquired a total of 186 shares of company stock valued at $93,864 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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