Were Analysts Bullish BP p.l.c. (NYSE:BP) This Week?

October 13, 2018 - By Peter Erickson

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BP p.l.c. (NYSE:BP) Ratings Coverage

Among 5 analysts covering BP plc (NYSE:BP), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. BP plc had 5 analyst reports since April 22, 2018 according to SRatingsIntel. The company was upgraded on Thursday, April 26 by Macquarie Research. The firm has “Buy” rating given on Tuesday, April 24 by Goldman Sachs. The firm earned “Overweight” rating on Wednesday, September 5 by Morgan Stanley. On Sunday, April 22 the stock rating was maintained by Piper Jaffray with “Buy”. Below is a list of BP p.l.c. (NYSE:BP) latest ratings and price target changes.

11/09/2018 Broker: Berenberg Rating: Buy Initiates Coverage On
05/09/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Overweight Upgrade
26/04/2018 Broker: Macquarie Research Old Rating: Underperform New Rating: Neutral Upgrade
24/04/2018 Broker: Goldman Sachs Old Rating: Neutral New Rating: Buy Upgrade
22/04/2018 Broker: Piper Jaffray Rating: Buy New Target: $49.0000 Maintain

The stock increased 0.95% or $0.42 during the last trading session, reaching $44.55. About 6.98 million shares traded or 13.99% up from the average. BP p.l.c. (NYSE:BP) has risen 20.59% since October 13, 2017 and is uptrending. It has outperformed by 4.97% the S&P500.

BP p.l.c. operates as an integrated gas and oil firm worldwide. The company has market cap of $147.73 billion. It operates through three divisions: Upstream, Downstream, and Rosneft. It has a 21.03 P/E ratio. The Upstream segment engages in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of natural gas, including liquefied natural gas , and power and natural gas liquids (NGLs).

More notable recent BP p.l.c. (NYSE:BP) news were published by: Seekingalpha.com which released: “Consider Buying Chevron As Oil Prices Climb” on October 11, 2018, also Bizjournals.com with their article: “BP leases office space in Skanska building in Energy Corridor” published on October 12, 2018, Seekingalpha.com published: “BP Set To Expand Massive UK Oil Field” on September 14, 2018. More interesting news about BP p.l.c. (NYSE:BP) were released by: Streetinsider.com and their article: “KBR, Inc. (KBR) Secures FEED Contract from BP (BP) for Phase 1 of the Tortue Field Hub/Terminal Project” published on October 12, 2018 as well as Seekingalpha.com‘s news article titled: “BP: Winning Rights To Pau Brasil Field Solid Development” with publication date: October 05, 2018.

BP p.l.c. (NYSE:BP) Ratings Chart

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