BP Midstream Partners GP (NYSE:BPMP) Downgraded by ValuEngine

BP Midstream Partners GP (NYSE:BPMP) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, March 23rd.

BPMP has been the subject of several other reports. Barclays decreased their price objective on shares of BP Midstream Partners GP from $22.00 to $20.00 and set an “equal weight” rating for the company in a research note on Friday, March 23rd. Bank of America assumed coverage on shares of BP Midstream Partners GP in a research report on Friday, January 12th. They set a “neutral” rating and a $22.00 target price on the stock. Credit Suisse Group assumed coverage on shares of BP Midstream Partners GP in a research report on Thursday, January 4th. They set a “neutral” rating and a $19.00 target price on the stock. UBS boosted their target price on shares of BP Midstream Partners GP from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, March 2nd. Finally, Mitsubishi UFJ Financial Group assumed coverage on shares of BP Midstream Partners GP in a research report on Friday, December 15th. They set a “neutral” rating and a $21.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $20.88.

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BP Midstream Partners GP stock traded up $0.89 during trading on Friday, reaching $18.18. The company had a trading volume of 194,935 shares, compared to its average volume of 180,237. BP Midstream Partners GP has a 12-month low of $16.83 and a 12-month high of $23.00. The company has a market cap of $1,811.13 and a price-to-earnings ratio of 86.57.



BP Midstream Partners GP (NYSE:BPMP) last released its quarterly earnings data on Thursday, March 22nd. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.07). The business had revenue of $27.61 million for the quarter, compared to the consensus estimate of $27.23 million. The firm’s quarterly revenue was up 28.6% compared to the same quarter last year. analysts anticipate that BP Midstream Partners GP will post 1.14 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. US Bancorp DE acquired a new stake in shares of BP Midstream Partners GP during the fourth quarter worth $136,000. Keybank National Association OH acquired a new stake in shares of BP Midstream Partners GP during the fourth quarter worth $248,000. Diversified Trust Co acquired a new stake in shares of BP Midstream Partners GP during the fourth quarter worth $253,000. Signaturefd LLC acquired a new stake in shares of BP Midstream Partners GP during the fourth quarter worth $257,000. Finally, Jefferies Group LLC acquired a new stake in shares of BP Midstream Partners GP during the fourth quarter worth $411,000. 49.71% of the stock is currently owned by hedge funds and other institutional investors.

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BP Midstream Partners GP Company Profile

BP Midstream Partners LP owns, acquires, operates, and develops pipelines and other midstream assets. It owns an onshore crude oil pipeline system, onshore refined products pipeline system, onshore diluent pipeline system, and offshore natural gas pipeline system, as well as interests in four offshore crude oil pipeline systems located in the United States.

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

Analyst Recommendations for BP Midstream Partners GP (NYSE:BPMP)

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