Short Term Price Target on BP p.l.c. (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.

Shares of BP p.l.c. rose by 2.54% in the last five trading days and 13.31% for the last 4 weeks. BP p.l.c. is up 22.34% in the last 3-month period. Year-to-Date the stock performance stands at 18.18%.

BP p.l.c. (NYSE:BP) : Zacks Investment Research ranks BP p.l.c. (NYSE:BP) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 2.18, which indicates as a Buy.

BP p.l.c. (NYSE:BP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.85 and $34.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.51, notching a gain of 2.07% for the day. The total traded volume was 14,938,392 . The stock had closed at $34.79 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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