Somewhat Positive News Coverage Somewhat Unlikely to Impact BP (BP) Stock Price

Media stories about BP (NYSE:BP) have been trending somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. BP earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news stories about the oil and gas exploration company an impact score of 43.3400719555368 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news stories that may have effected Accern Sentiment’s rankings:

BP (NYSE BP) traded up $0.02 during trading on Thursday, hitting $42.90. The stock had a trading volume of 5,001,343 shares, compared to its average volume of 4,962,691. BP has a fifty-two week low of $33.10 and a fifty-two week high of $43.99. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.18 and a quick ratio of 0.88. The stock has a market cap of $141,810.00, a P/E ratio of 36.67, a P/E/G ratio of 0.90 and a beta of 0.97.

BP (NYSE:BP) last posted its quarterly earnings data on Tuesday, October 31st. The oil and gas exploration company reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.07. BP had a return on equity of 4.52% and a net margin of 1.70%. sell-side analysts forecast that BP will post 1.82 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Friday, November 10th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, November 9th. This is an increase from BP’s previous quarterly dividend of $0.60. This represents a $2.40 annualized dividend and a yield of 5.59%. BP’s dividend payout ratio is currently 203.42%.

BP has been the subject of a number of recent analyst reports. Piper Jaffray Companies reaffirmed a “buy” rating and set a $39.00 price target on shares of BP in a report on Thursday, September 28th. Kepler Capital Markets raised BP from a “reduce” rating to a “hold” rating in a report on Tuesday, October 3rd. Vetr downgraded BP from a “strong-buy” rating to a “buy” rating and set a $43.32 target price for the company. in a report on Wednesday, October 4th. Cowen reissued a “hold” rating and issued a $39.00 target price on shares of BP in a report on Tuesday, October 24th. Finally, Evercore ISI boosted their target price on BP from $43.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $38.63.

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BP Company Profile

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.

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