Price Target Update on BP p.l.c. (NYSE:BP)

BP p.l.c. (NYSE:BP) : The consensus price target for BP p.l.c. (NYSE:BP) is $35.43 for the short term with a standard deviation of $6.27. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $43, however, the pessimist price target for the company is $27.

Other Equity analysts have also commented on the company shares. Nomura initiates coverage on BP p.l.c. (NYSE:BP) The current rating of the shares is Neutral. The rating by the firm was issued on March 18, 2016.

BP p.l.c. (NYSE:BP): stock turned positive on Thursday. Though the stock opened at $34.74, the bulls momentum made the stock top out at $34.75 level for the day. The stock recorded a low of $34.235 and closed the trading day at $34.63, in the green by 2.18%. The total traded volume for the day was 10,651,173. The stock had closed at $33.89 in the previous days trading.

The company shares have dropped -19.10% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $42.20 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $32.12 and the 200 Day Moving Average price is recorded at $30.92.

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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