BP (BP) Raised to Buy at Vetr

BP (NYSE:BP) was upgraded by Vetr from a “hold” rating to a “buy” rating in a report released on Friday, November 17th. The brokerage presently has a $40.48 price target on the oil and gas exploration company’s stock. Vetr‘s price objective suggests a potential upside of 2.27% from the company’s current price.

Other analysts have also issued research reports about the stock. TheStreet raised shares of BP from a “c” rating to a “b” rating in a research report on Wednesday, November 8th. Piper Jaffray Companies set a $39.00 price target on shares of BP and gave the company a “buy” rating in a research report on Friday, August 25th. Scotiabank set a $37.00 price target on shares of BP and gave the company a “buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research raised shares of BP from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Tuesday, November 7th. Finally, Jefferies Group set a $36.00 target price on BP and gave the company a “hold” rating in a research report on Tuesday, August 29th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $38.86.

BP (NYSE:BP) traded down $0.15 during mid-day trading on Friday, hitting $39.58. 3,309,385 shares of the stock traded hands, compared to its average volume of 5,461,988. The stock has a market cap of $131,755.25, a price-to-earnings ratio of 29.13, a PEG ratio of 1.13 and a beta of 0.97. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57. BP has a 1 year low of $33.10 and a 1 year high of $41.55.

Large investors have recently bought and sold shares of the business. Burt Wealth Advisors grew its stake in shares of BP by 6.8% in the second quarter. Burt Wealth Advisors now owns 3,136 shares of the oil and gas exploration company’s stock worth $108,000 after acquiring an additional 200 shares in the last quarter. Vestor Capital LLC acquired a new position in shares of BP in the second quarter worth $116,000. Cable Hill Partners LLC grew its stake in shares of BP by 639.9% in the third quarter. Cable Hill Partners LLC now owns 3,559 shares of the oil and gas exploration company’s stock worth $137,000 after acquiring an additional 3,078 shares in the last quarter. Fieldpoint Private Securities LLC acquired a new position in shares of BP in the third quarter worth $151,000. Finally, Johnson Financial Group Inc. grew its stake in shares of BP by 1.2% in the second quarter. Johnson Financial Group Inc. now owns 4,672 shares of the oil and gas exploration company’s stock worth $162,000 after acquiring an additional 55 shares in the last quarter. Institutional investors and hedge funds own 9.97% of the company’s stock.

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About BP

BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for BP (NYSE:BP)

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