In yesterday’s Wall Street session, BP p.l.c. (NYSE:BP) shares traded at $36.15, up 1.06% from the previous session.
28 analysts cover BP p.l.c. (NYSE:BP), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $76.57 and a low of $37.22, we find $43.00. Given the previous closing price of $35.77, this indicates a potential upside of 20.21 percent. BP stock price is now 0.27% away from the 50-day moving average and -0.94% away from the 200-day moving average. The market capitalization of the company currently stands at $103.91B.
The stock has received a hold rating from 9 analysts and a buy rating from 15. Brokers who have rated the stock have averaged $44.87 as their price target over the next twelve months.
A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BP stock. A new stake in BP p.l.c. shares was purchased by PALE FIRE CAPITAL SE during the first quarter worth $228,450,000. RENAISSANCE TECHNOLOGIES LLC invested $93,115,000 in shares of BP during the first quarter. In the first quarter, VAN ECK ASSOCIATES CORP acquired a new stake in BP p.l.c. valued at approximately $39,518,000. JANNEY CAPITAL MANAGEMENT LLC acquired a new stake in BP for approximately $21,450,000. SIMPLEX TRADING, LLC purchased a new stake in BP valued at around $11,847,000 in the second quarter. In total, there are 1,260 active investors with 9.90% ownership of the company’s stock.
On Friday morning BP p.l.c. (NYSE: BP) stock kicked off with the opening price of $36.19. During the past 12 months, BP p.l.c. has had a low of $27.20 and a high of $41.38. As of last week, the company has a debt-to-equity ratio of 0.86, a current ratio of 1.20, and a quick ratio of 0.90. The fifty day moving average price for BP is $36.07 and a two-hundred day moving average price translates $36.50 for the stock.
The latest earnings results from BP p.l.c. (NYSE: BP) was released for Jun, 2023. According to the Oil & Gas Integrated Company, earnings per share came in at $0.9, missing analysts’ expectations of $1.2 by -0.3. This compares to $2.92 EPS in the same period last year. The net profit margin was 8.10% and return on equity was 27.90% for BP. The company reported revenue of $49.48 billion for the quarter, compared to $69.51 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -28.81 percent. For the current quarter, analysts expect BP to generate $55.59B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/22/2023. Investors who held shares on 08/11/2023 were paid a $0.4362 dividend. On an annualized basis, this represents a $1.75 dividend and a 4.83% percent yield. There was an ex-dividend date of 08/10/2023 for this dividend. In terms of dividend payout ratio, BP is presently at 5.30%.
