Brokerage Firm Rating Update on BP p.l.c. (BP)

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) : Currently there are 7 street experts covering BP p.l.c. (BP) stock. The most bullish and bearish price target for the stock is $46 and $32 respectively for the short term. The average price target of all the analysts comes to $38.43. The estimated standard deviation from the target is $5.13.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Jefferies maintains the rating on BP p.l.c. (NYSE:BP). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency raises the 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): The stock opened at $34.78 and touched an intraday high of $34.91 on Wednesday. During the day, the stock corrected to an intraday low of $34.65, however, the bulls stepped in and pushed the price higher to close in the green at $34.76 with a gain of 0.20% for the day. The total traded volume for the day was 3,917,333. The stock had closed at $34.69 in the previous trading session.

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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