BP p.l.c. (LON:BP) Given Average Rating of “Hold” by Analysts

BP p.l.c. (LON:BP) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 618 ($7.80).

BP has been the topic of several recent analyst reports. Bank of America reaffirmed a “buy” rating and issued a GBX 500 ($6.31) price target on shares of BP in a research report on Wednesday, September 4th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of BP in a research report on Tuesday, September 24th. Finally, Berenberg Bank dropped their price target on BP from GBX 470 ($5.93) to GBX 440 ($5.55) and set a “hold” rating on the stock in a research report on Friday, November 29th.

Insider Activity at BP

In other BP news, insider Murray Auchincloss acquired 95 shares of BP stock in a transaction on Tuesday, December 10th. The shares were bought at an average price of GBX 394 ($4.97) per share, with a total value of £374.30 ($472.42). Insiders have purchased a total of 200 shares of company stock valued at $76,760 in the last 90 days. 0.26% of the stock is owned by corporate insiders.

BP Stock Down 0.3 %

BP opened at GBX 395.95 ($5.00) on Friday. The business has a 50 day moving average price of GBX 390.71 and a 200 day moving average price of GBX 425.87. BP has a twelve month low of GBX 379.70 ($4.79) and a twelve month high of GBX 562.30 ($7.10). The company has a debt-to-equity ratio of 79.91, a quick ratio of 0.62 and a current ratio of 1.24. The firm has a market cap of £62.76 billion, a P/E ratio of 1,199.85, a price-to-earnings-growth ratio of 0.35 and a beta of 0.49.

BP Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 7th will be paid a $0.08 dividend. This represents a yield of 1.54%. The ex-dividend date is Thursday, November 7th. BP’s dividend payout ratio is 6,969.70%.

About BP

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.