Analyst Rating Update on BP p.l.c. (BP)

BP p.l.c. (BP) : 3 brokerage houses believe that BP p.l.c. (BP) is a Strong Buy at current levels. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on BP p.l.c. (BP). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 9 Wall Street Analysts endorse the stock as a Buy with a rating of 2.44.

BP p.l.c. (BP) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $46 and the lowest price target forecast is $32. The average forecast of all the analysts is $38.14 and the expected standard deviation is $5.34.

For the current week, the company shares have a recommendation consensus of Buy. Also, Jefferies maintains their rating on the shares of BP p.l.c. (NYSE:BP). The current rating of the shares is Hold. Equity Analysts at the Firm raises the price target to $33 per share from $31 per share. The rating by the firm was issued on July 11, 2016.


BP p.l.c. (NYSE:BP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.65 and $32.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.03. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.01, notching a gain of 0.49% for the day. The total traded volume was 9,513,859 . The stock had closed at $32.85 on the previous day.

BP p.l.c. (BP) is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants and the petrochemicals products used to make everyday items, including paints, clothes and packaging. The Company operates in three business segments: Upstream, Downstream and Rosneft. The Upstream segments activities include oil and natural gas exploration, field development and production; midstream transportation, storage and processing, and the marketing and trading of natural gas, including liquefied natural gas (LNG), together with power and natural gas liquids (NGLs). The Companys Downstream segments activities include the refining, manufacturing, marketing, transportation, and supply and trading of crude oil, petroleum, petrochemicals products and related services to wholesale and retail customers. BPs interest in Rosneft, an oil company in Russia, is reported as a separate operating segment.

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