What Wall Street Experts Are Saying About BP p.l.c

BP p.l.c

BP p.l.c (NYSE:$BP) saw its price target being lifted by Evercore ISI from $43.00 to $48.00 in a research note issued to investors on Wednesday, Nov 1st, The Fly reports. The brokerage currently has an outperform rating on the stock.

Specifically, BP is an integrated oil and gas company. The company owns an interest in OJSC Oil Company Rosneft, an oil and gas company. The company’s segments include Upstream, Downstream, Rosneft, and other businesses and corporate.

Similarly, other research also recently issued reports about the company. Societe Generale downgraded BP from a buy rating to a holding rating and reduced their price objective for the company from $34.90 to  $25.04 in a research note on Wednesday, July 26th. TheStreet downgraded BP from a B- rating to a C rating in a research note on August 10th. Piper Jaffray Companies upgraded BP from a neutral rating to an overweight rating, raising their target price for the stock from $36.33 to $42.00. BMO Capital Markets upgraded BP from a market perform rating to an outperform rating. And finally, Kepler Capital Markets raised BP from a reduce rating to a hold rating.

Shares of BP traded down C$0.43 during trading hours on Wednesday, hitting C$40.30. The stock saw a trading volume of 3,120,000 shares, compared to its average volume of 4,690,000. BP has a one year low of C$32.53 and a one year high of C$41.55.

BP also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st.

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