Headlines about BP (LON:BP) have been trending somewhat positive recently, according to InfoTrie. InfoTrie identifies negative and positive press coverage by monitoring more than 6,000 blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. BP earned a coverage optimism score of 1.17 on their scale. InfoTrie also gave media coverage about the oil and gas exploration company an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have effected BP’s analysis:
Shares of LON BP traded up GBX 0.40 ($0.01) during mid-day trading on Friday, reaching GBX 504.40 ($6.59). 25,463,587 shares of the company were exchanged, compared to its average volume of 35,510,000. The company has a quick ratio of 0.69, a current ratio of 1.07 and a debt-to-equity ratio of 75.21. The stock has a market cap of $102.79 billion and a price-to-earnings ratio of 11.52. BP has a 1 year low of GBX 5.08 ($0.07) and a 1 year high of GBX 603.20 ($7.88). The firm has a 50-day moving average of GBX 508.30 and a 200 day moving average of GBX 538.58.
The firm also recently announced a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 8th will be given a dividend of $0.10 per share. This represents a yield of 1.59%. The ex-dividend date of this dividend is Thursday, August 8th. BP’s dividend payout ratio is currently 0.78%.
A number of research firms have issued reports on BP. Deutsche Bank reaffirmed a “buy” rating on shares of BP in a research note on Friday, July 12th. HSBC set a GBX 600 ($7.84) price objective on BP and gave the stock a “buy” rating in a research note on Wednesday. UBS Group reaffirmed a “buy” rating on shares of BP in a research note on Wednesday, August 28th. Jefferies Financial Group set a GBX 620 ($8.10) target price on BP and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Barclays set a GBX 700 ($9.15) target price on BP and gave the company a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of GBX 647.81 ($8.46).
In other news, insider Brian Gilvary acquired 63 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were acquired at an average cost of GBX 503 ($6.57) per share, with a total value of £316.89 ($414.07). Insiders bought 184 shares of company stock worth $95,172 over the last three months.
BP Company Profile
BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).
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