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.
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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.
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