BP plc (ADR) (BP) is Upgraded by Citigroup to Buy

BP plc (ADR) (BP) was Upgraded by Citigroup to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Citigroup advised their investors in a research report released on Jun 16, 2016.

On the company’s financial health, BP plc (ADR) reported $0.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.19 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $-0.02. The company had revenue of $38512.00 million for the quarter, compared to analysts expectations of $39588.21 million. The company’s revenue was down -28.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.14 EPS.

BP plc (ADR) opened for trading at $30.92 and hit $31.39 on the upside on Wednesday, eventually ending the session at $31.15, with a gain of 0.71% or 0.22 points. The heightened volatility saw the trading volume jump to 1,23,99,936 shares. Company has a market cap of $96,786 M.

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 segment’s 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 Company’s Downstream segment’s 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. BP’s interest in Rosneft an oil company in Russia is reported as a separate operating segment.

BP plc (ADR)

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