BP p.l.c. (BP) : Analyst Rating Update

BP p.l.c. (BP) : The consensus on BP p.l.c. (BP) based on 11 analyst recommendation on the company stock is 2.18, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 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) : The consensus price target for BP p.l.c. (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.

BP p.l.c. (NYSE:BP): The stock opened at $35.24 on Wednesday but the bulls could not build on the opening and the stock topped out at $35.59 for the day. The stock traded down to $34.91 during the day, due to lack of any buying support eventually closed down at $35.57 with a loss of -0.92% for the day. The stock had closed at $35.90 on the previous day. The total traded volume was 8,823,603 shares.

Also, Morgan Stanley upgrades its view on BP p.l.c. (NYSE:BP) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. Earlier, the shares had a rating of Equal-weight. The rating by the firm was issued on June 30, 2016. The company shares have dropped -8.30% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $40.36 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $32.79 and the 200 Day Moving Average price is recorded at $31.13.

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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