Argus downgraded shares of BP (NYSE:BP) from a buy rating to a hold rating in a research report sent to investors on Thursday, October 31st, Briefing.com Automated Import reports.
A number of other analysts also recently issued reports on the company. Royal Bank of Canada reiterated an outperform rating on shares of BP in a research report on Monday, October 28th. Grupo Santander upgraded BP from a hold rating to a buy rating in a research report on Wednesday, September 11th. ValuEngine upgraded BP from a sell rating to a hold rating in a research report on Wednesday, October 2nd. UBS Group restated a buy rating on shares of BP in a research report on Monday, October 28th. Finally, Jefferies Financial Group upgraded BP from a hold rating to a buy rating and boosted their target price for the stock from $46.30 to $48.60 in a research report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. BP currently has a consensus rating of Buy and an average price target of $273.43.
Shares of BP traded down $0.13 during trading hours on Thursday, reaching $39.19. 6,955,769 shares of the company’s stock traded hands, compared to its average volume of 6,209,801. The stock has a market cap of $133.51 billion, a PE ratio of 10.31, a price-to-earnings-growth ratio of 1.38 and a beta of 0.75. The company has a current ratio of 1.17, a quick ratio of 0.87 and a debt-to-equity ratio of 0.66. The firm’s 50 day simple moving average is $38.15 and its 200-day simple moving average is $39.64. BP has a 12 month low of $35.73 and a 12 month high of $45.38.
BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).
Further Reading: Fundamental Analysis
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