BP p.l.c. (BP) Receiving Somewhat Positive Media Coverage, Study Shows

Media coverage about BP p.l.c. (NYSE:BP) has trended somewhat positive recently, Alpha One reports. Alpha One, a unit of Accern, identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. BP p.l.c. earned a coverage optimism score of 0.04 on Alpha One’s scale. Alpha One also gave news stories about the oil and gas exploration company an impact score of 32 out of 100, indicating that recent news coverage is unlikely to have an impact on the stock’s share price in the near term.

These are some of the media headlines that may have effected AlphaOne’s analysis:

Insider Buying and Selling by Quarter for BP p.l.c. (NYSE:BP)

BP p.l.c. (NYSE:BP) traded up 2.16% during mid-day trading on Friday, reaching $36.00. 5,143,613 shares of the company’s stock traded hands. The stock has a 50 day moving average of $35.75 and a 200 day moving average of $35.43. BP p.l.c. has a 12-month low of $31.57 and a 12-month high of $38.68. The company has a market cap of $117.99 billion, a P/E ratio of 53.57 and a beta of 0.99. BP p.l.c. also was the target of unusually large options trading activity on Thursday. Traders acquired 690 call options on the company. This represents an increase of 118% compared to the typical volume of 317 call options.

BP p.l.c. (NYSE:BP) last posted its quarterly earnings results on Tuesday, May 2nd. The oil and gas exploration company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.08. The business had revenue of $55.86 billion during the quarter, compared to analyst estimates of $59.87 billion. BP p.l.c. had a net margin of 1.06% and a return on equity of 3.72%. The company’s revenue was up 45.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.17 earnings per share. On average, equities research analysts predict that BP p.l.c. will post $1.92 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, May 12th will be given a $0.595 dividend. The ex-dividend date of this dividend is Wednesday, May 10th. This represents a $2.38 dividend on an annualized basis and a dividend yield of 6.61%. BP p.l.c.’s payout ratio is currently 366.16%.

Several research firms have commented on BP. J P Morgan Chase & Co reiterated an “overweight” rating on shares of BP p.l.c. in a research note on Monday. Morgan Stanley reissued a “buy” rating on shares of BP p.l.c. in a research report on Monday. Zacks Investment Research raised shares of BP p.l.c. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 6th. TheStreet raised shares of BP p.l.c. from a “c” rating to a “b-” rating in a research report on Tuesday, May 30th. Finally, Argus increased their target price on shares of BP p.l.c. from $36.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, June 1st. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $36.21.

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BP p.l.c. Company Profile

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.

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