BP (NYSE:BP) Stock Rating Upgraded by Vetr

BP (NYSE:BP) was upgraded by equities researchers at Vetr from a “hold” rating to a “buy” rating in a report released on Friday, November 17th. The brokerage currently has a $40.48 target price on the oil and gas exploration company’s stock. Vetr‘s price target suggests a potential upside of 1.33% from the stock’s previous close.

A number of other research firms also recently commented on BP. BidaskClub raised shares of BP from a “strong sell” rating to a “sell” rating in a report on Thursday, August 3rd. TheStreet downgraded shares of BP from a “b-” rating to a “c” rating in a report on Thursday, August 10th. Scotiabank set a $37.00 price objective on shares of BP and gave the stock a “buy” rating in a report on Tuesday, August 1st. Piper Jaffray Companies reissued a “buy” rating and set a $39.00 price target on shares of BP in a report on Thursday, September 28th. Finally, Cowen reissued a “hold” rating and set a $39.00 price target on shares of BP in a report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $38.86.

Shares of BP (BP) opened at $39.95 on Friday. BP has a 1 year low of $33.10 and a 1 year high of $41.55. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.88 and a current ratio of 1.18. The firm has a market cap of $131,887.30, a P/E ratio of 29.16, a PEG ratio of 1.14 and a beta of 0.97.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Stonebridge Capital Advisors LLC raised its holdings in BP by 3.8% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 63,117 shares of the oil and gas exploration company’s stock worth $2,179,000 after buying an additional 2,304 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in BP during the 2nd quarter worth about $10,896,000. Geneva Advisors LLC raised its holdings in BP by 6.2% during the 2nd quarter. Geneva Advisors LLC now owns 17,011 shares of the oil and gas exploration company’s stock worth $589,000 after buying an additional 1,000 shares during the period. Wedge Capital Management L L P NC raised its holdings in BP by 3.7% during the 3rd quarter. Wedge Capital Management L L P NC now owns 369,940 shares of the oil and gas exploration company’s stock worth $14,217,000 after buying an additional 13,323 shares during the period. Finally, Atlantic Trust Group LLC grew its stake in BP by 24.5% during the 2nd quarter. Atlantic Trust Group LLC now owns 57,428 shares of the oil and gas exploration company’s stock valued at $1,991,000 after acquiring an additional 11,295 shares in the last quarter. Hedge funds and other institutional investors own 9.97% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This report was reported by Week Herald and is the sole property of of Week Herald. If you are viewing this report on another site, it was stolen and republished in violation of US & international copyright and trademark legislation. The correct version of this report can be accessed at https://weekherald.com/2017/12/04/bp-p-l-c-bp-upgraded-to-buy-by-vetr-inc.html.

About BP

BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for BP (NYSE:BP)

Receive News & Ratings for BP p.l.c. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP p.l.c. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply