BP p.l.c. (BP) Receives ‘Analyst’ Rating

BP p.l.c. (BP) : The consensus on BP p.l.c. (BP) based on 9 analyst recommendation on the company stock is 2.44, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on BP p.l.c. (BP).

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 $38.43 and the expected standard deviation is $5.13.


Also, In a research note released to the investors, Jefferies maintains its rating on BP p.l.c. (NYSE:BP).The analysts at the brokerage house have a current rating of Hold on the shares. In a recent information released to the investors, Jefferies raises the new price target from $31 per share to $33 per share. The rating by the firm was issued on July 11, 2016.

BP p.l.c. (NYSE:BP): After opening at $33.27, the stock dipped to an intraday low of $33.2 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $33.84 and the buying power remained strong till the end. The stock closed at $33.61 for the day, a gain of 0.87% for the day session. The total traded volume was 4,707,117. The stocks close on the previous trading day was $33.32.

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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