TD Securities Reiterates Hold Rating for BP (NYSE:BP)

BP (NYSE:BP)‘s stock had its “hold” rating reiterated by equities researchers at TD Securities in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $36.00 price target on the oil and gas exploration company’s stock, down from their previous price target of $40.00. TD Securities’ target price indicates a potential upside of 5.05% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on BP. Morgan Stanley decreased their price target on shares of BP from $34.70 to $31.80 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Royal Bank of Canada restated a “sector perform” rating on shares of BP in a research note on Tuesday, January 14th. Raymond James boosted their target price on shares of BP from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. TD Cowen cut BP from a “buy” rating to a “hold” rating and set a $40.00 price target for the company. in a report on Wednesday. Finally, Wolfe Research set a $50.00 price target on BP in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, two have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $37.48.

BP Trading Up 0.1 %

NYSE:BP opened at $34.27 on Wednesday. The company’s 50 day moving average is $32.49 and its 200-day moving average is $31.22. The firm has a market cap of $91.75 billion, a price-to-earnings ratio of 428.42, a P/E/G ratio of 1.12 and a beta of 0.58. The company has a quick ratio of 0.97, a current ratio of 1.25 and a debt-to-equity ratio of 0.70. BP has a 12 month low of $27.82 and a 12 month high of $40.40.

BP (NYSE:BP) last announced its quarterly earnings data on Tuesday, February 11th. The oil and gas exploration company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.12). BP had a return on equity of 10.96% and a net margin of 0.20%. Equities analysts anticipate that BP will post 3.53 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BP. Asset Planning Inc acquired a new position in BP in the 4th quarter valued at $40,000. Bank & Trust Co grew its holdings in BP by 404.8% in the 4th quarter. Bank & Trust Co now owns 2,120 shares of the oil and gas exploration company’s stock valued at $63,000 after buying an additional 1,700 shares in the last quarter. Versant Capital Management Inc grew its position in BP by 41.0% in the fourth quarter. Versant Capital Management Inc now owns 2,221 shares of the oil and gas exploration company’s stock valued at $66,000 after acquiring an additional 646 shares during the last quarter. Anchor Investment Management LLC lifted its stake in shares of BP by 58.7% in the third quarter. Anchor Investment Management LLC now owns 3,120 shares of the oil and gas exploration company’s stock worth $98,000 after acquiring an additional 1,154 shares during the period. Finally, Wellington Shields Capital Management LLC lifted its stake in shares of BP by 26.9% in the fourth quarter. Wellington Shields Capital Management LLC now owns 7,550 shares of the oil and gas exploration company’s stock worth $223,000 after acquiring an additional 1,600 shares during the period. 11.01% of the stock is owned by institutional investors and hedge funds.

About BP

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.