BP plc (ADR) (BP) is Upgraded by Credit Suisse to Outperform

BP plc (ADR) (BP) was Upgraded by Credit Suisse to ” Outperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Credit Suisse advised their investors in a research report released on Nov 30, 2016.

Many Wall Street Analysts have commented on BP plc (ADR). BP plc (ADR) was Downgraded by CLSA to ” Outperform” on Nov 15, 2016. BP plc (ADR) was Downgraded by Societe Generale to ” Hold” on Nov 2, 2016. BP plc (ADR) was Downgraded by UBS to ” Neutral” on Oct 20, 2016.

On the company’s financial health, BP plc (ADR) reported $0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $0.04. The company had revenue of $47047.00 million for the quarter, compared to analysts expectations of $45888.05 million. The company’s revenue was down -16.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.60 EPS.

BP plc (ADR) closed down -0.2 points or -0.59% at $33.52 with 59,01,633 shares getting traded on Tuesday. Post opening the session at $33.37, the shares hit an intraday low of $33.24 and an intraday high of $33.6325 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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)

Leave a Reply

BP plc (ADR) - Is it time to Sell?

Top Brokerage Firms are advising their investors on BP plc (ADR). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.