Barclays Reaffirms Overweight Rating for BP (BP)

Barclays reissued their overweight rating on shares of BP (LON:BP) in a research report released on Wednesday. Barclays currently has a GBX 675 ($9.03) price target on the oil and gas exploration company’s stock.

Several other equities research analysts also recently weighed in on the company. UBS Group set a GBX 525 ($7.02) price objective on BP and gave the company a buy rating in a report on Friday, September 15th. Kepler Capital Markets reissued a reduce rating and set a GBX 430 ($5.75) price objective on shares of BP in a report on Friday, September 15th. set a GBX 565 ($7.55) price objective on BP and gave the company a buy rating in a report on Friday, October 13th. Deutsche Bank reissued a buy rating and set a GBX 520 ($6.95) price objective on shares of BP in a report on Tuesday, September 26th. Finally, Jefferies Group raised their price objective on BP from GBX 470 ($6.28) to GBX 500 ($6.69) and gave the company a hold rating in a report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of GBX 537.25 ($7.18).

Shares of BP (LON BP) opened at GBX 529.60 ($7.08) on Wednesday. BP has a twelve month low of GBX 436.95 ($5.84) and a twelve month high of GBX 531.31 ($7.10). The firm has a market capitalization of $104,880.00 and a price-to-earnings ratio of 3,782.86.

The firm also recently disclosed a dividend, which was paid on Thursday, December 21st. Stockholders of record on Thursday, November 9th were given a $0.10 dividend. This represents a dividend yield of 1.47%. The ex-dividend date was Thursday, November 9th.

In other BP news, insider Brian Gilvary acquired 63 shares of the stock in a transaction dated Friday, November 10th. The stock was purchased at an average cost of GBX 515 ($6.89) per share, with a total value of £324.45 ($433.81). Over the last three months, insiders bought 189 shares of company stock valued at $94,122.

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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.

Analyst Recommendations for BP (LON:BP)

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