November 28, 2016 - By Vivian Park
In an analyst report published by Goldman Sachs on 28 November, BP PLC (LON:BP) stock “Neutral” was maintained.
Out of 25 analysts covering BP PLC (LON:BP), 12 rate it a “Buy”, 0 “Sell”, while 13 “Hold”. This means 48% are positive. GBX 600 is the highest target while GBX 325 is the lowest. The GBX 452 average target is -0.47% below today’s (GBX 454.15) stock price. BP PLC has been the topic of 251 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, May 9 by HSBC. The firm has “Buy” rating by Jefferies given on Wednesday, July 29. The firm has “Buy” rating given on Monday, June 20 by HSBC. Deutsche Bank maintained the stock with “Buy” rating in Tuesday, February 23 report. JP Morgan maintained it with “Overweight” rating and GBX 410 target price in Tuesday, May 24 report. The stock of BP plc (LON:BP) earned “Hold” rating by Kepler Cheuvreux on Tuesday, November 8. As per Thursday, September 17, the company rating was maintained by Bernstein. Credit Suisse maintained BP plc (LON:BP) on Wednesday, April 27 with “Underperform” rating. Goldman Sachs maintained BP plc (LON:BP) rating on Tuesday, January 26. Goldman Sachs has “Neutral” rating and GBX 390 price target. Citigroup upgraded the stock to “Buy” rating in Friday, June 17 report.
About 3.77 million shares traded hands. BP plc (LON:BP) has risen 21.73% since April 29, 2016 and is uptrending. It has outperformed by 15.71% the S&P500.
Analysts await BP plc (ADR) (NYSE:BP) to report earnings on February, 7. They expect $0.50 EPS, up 733.33% or $0.44 from last year’s $0.06 per share. BP’s profit will be $1.56B for 17.14 P/E if the $0.50 EPS becomes a reality. After $0.30 actual EPS reported by BP plc (ADR) for the previous quarter, Wall Street now forecasts 66.67% EPS growth.
BP p.l.c. is an integrated oil and gas company. The company has a market cap of 85.74 billion GBP. The Firm provides its clients with fuel for transportation, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. It currently has negative earnings. The Firm operates through three divisions: Upstream, Downstream and Rosneft.
According to Zacks Investment Research, “BP p.l.c. is the holding company of one of the world’s largest petroleum and petrochemicals groups. Their main activities are exploration and production of crude oil and natural gas; refining, marketing, supply and transportation; and manufacturing and marketing of petrochemicals. They have a growing activity in gas and power and in solar power generation. BP has well-established operations in Europe, North and South America, Australasia and Africa.”
BP p.l.c., incorporated on April 14, 1909, is an integrated gas and oil company. The Firm provides its clients with fuel for transportation, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. The Firm operates through three divisions: Upstream, Downstream and Rosneft. The Company’s Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing. The Company’s Downstream segment has global manufacturing and marketing operations. Rosneft is an oil company. The Firm has activities in Europe, North and South America, Australasia, Asia and Africa.
More recent BP plc (LON:BP) news were published by: Wsj.com which released: “BP to Buy 10% Stake in Eni’s Giant Zohr Gas Field Off Egypt Coast” on November 25, 2016. Also Finance.Yahoo.com published the news titled: “BP plc (BP) Expands Footprint in Offshore Newfoundland” on November 15, 2016. Investorplace.com‘s news article titled: “Why BP plc (ADR) (BP), L Brands Inc (LB) and Tesla Motors Inc (TSLA) Are 3 of …” with publication date: November 01, 2016 was also an interesting one.
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By Vivian Park