BP p.l.c. (LON:BP) Receives GBX 632 Consensus Target Price from Analysts

Shares of BP p.l.c. (LON:BP) have earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 632 ($7.96).

Several equities research analysts have recently commented on the stock. Bank of America restated a “buy” rating and issued a GBX 500 ($6.29) target price on shares of BP in a research note on Wednesday, September 4th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of BP in a research note on Tuesday, September 24th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 510 ($6.42) target price on shares of BP in a research note on Monday, August 5th.

Insider Buying and Selling at BP

In other news, insider Murray Auchincloss purchased 100 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were acquired at an average cost of GBX 373 ($4.70) per share, for a total transaction of £373 ($469.60). Also, insider Hina Nagarajan acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average price of GBX 407 ($5.12) per share, with a total value of £20,350 ($25,620.04). Over the last ninety days, insiders have acquired 5,113 shares of company stock valued at $2,077,586. 0.26% of the stock is currently owned by insiders.

BP Stock Up 1.8 %

Shares of BP opened at GBX 388.60 ($4.89) on Tuesday. The company has a quick ratio of 0.62, a current ratio of 1.24 and a debt-to-equity ratio of 79.91. The company has a 50-day moving average price of GBX 395.84 and a two-hundred day moving average price of GBX 437.46. The stock has a market cap of £61.59 billion, a price-to-earnings ratio of 1,156.21, a P/E/G ratio of 0.35 and a beta of 0.49. BP has a 12 month low of GBX 379.70 ($4.78) and a 12 month high of GBX 562.30 ($7.08).

BP Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, November 7th will be paid a $0.08 dividend. This represents a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, November 7th. BP’s dividend payout ratio (DPR) is presently 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.