BP PLC (NYSE: BP) was downgraded by Jefferies Group from a “buy” rating to a “hold” rating in a research note issued on Wednesday.
A number of other firms have also recently commented on BP. Analysts at Zacks downgraded shares of BP PLC from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, July 13th. They now have a $37.00 price target on the stock. Separately, analysts at Raymond James downgraded shares of BP PLC from a “strong-buy” rating to an “outperform” rating in a research note to investors on Monday, June 18th. Finally, analysts at Sterne Agee upgraded shares of BP PLC from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, May 23rd. They now have a $18.00 price target on the stock. They noted that the move was a valuation call.
BP PLC opened at 39.90 on Wednesday. BP PLC has a 1-year low of $33.62 and a 1-year high of $48.34. The company has a market cap of $126.5 billion and a price-to-earnings ratio of 5.24.
BP PLC last released its earnings data on Tuesday, July 31st. The company reported $0.07 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.24 by $0.17. BP PLC’s revenue was down 8.7% compared to the same quarter last year. Analysts expect that BP PLC will post $5.50 EPS for the current fiscal year.
BP p.l.c. (BP) is an international oil and gas company. The Company operates in more than 80 countries, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemicals products.
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