BP’s (BP) “Buy” Rating Reiterated at Kepler Capital Markets

Kepler Capital Markets reiterated their buy rating on shares of BP (NYSE:BP) in a research note issued to investors on Monday, Borsen Zeitung reports.

A number of other equities research analysts have also recently issued reports on the stock. Jefferies Financial Group raised shares of BP from a hold rating to a buy rating and boosted their target price for the company from $46.30 to $48.60 in a research report on Wednesday, July 31st. ValuEngine cut shares of BP from a hold rating to a sell rating in a research report on Thursday, July 18th. Credit Suisse Group cut shares of BP from an outperform rating to a neutral rating and set a $41.06 target price for the company. in a research report on Wednesday, July 10th. Grupo Santander raised shares of BP from a hold rating to a buy rating in a research report on Wednesday, September 11th. Finally, BMO Capital Markets assumed coverage on shares of BP in a research report on Tuesday, August 20th. They issued an outperform rating and a $53.00 target price for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $52.04.

Shares of BP stock opened at $38.59 on Monday. The firm has a 50-day moving average of $37.34 and a 200-day moving average of $41.09. The stock has a market cap of $128.59 billion, a PE ratio of 10.16, a PEG ratio of 1.23 and a beta of 0.77. BP has a 52-week low of $35.73 and a 52-week high of $47.16. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.77 and a current ratio of 1.07.

BP (NYSE:BP) last announced its earnings results on Tuesday, July 30th. The oil and gas exploration company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.05. The company had revenue of $73.75 billion during the quarter, compared to analysts’ expectations of $79.79 billion. BP had a net margin of 2.97% and a return on equity of 12.12%. Equities research analysts predict that BP will post 3.06 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of BP. Rehmann Capital Advisory Group lifted its holdings in shares of BP by 21.3% in the second quarter. Rehmann Capital Advisory Group now owns 12,979 shares of the oil and gas exploration company’s stock worth $541,000 after acquiring an additional 2,282 shares during the last quarter. Keudell Morrison Wealth Management lifted its holdings in shares of BP by 8.9% in the second quarter. Keudell Morrison Wealth Management now owns 34,005 shares of the oil and gas exploration company’s stock worth $1,277,000 after acquiring an additional 2,768 shares during the last quarter. RFG Advisory LLC lifted its holdings in shares of BP by 105.1% in the second quarter. RFG Advisory LLC now owns 11,436 shares of the oil and gas exploration company’s stock worth $475,000 after acquiring an additional 5,859 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of BP by 0.7% in the second quarter. BlackRock Inc. now owns 12,227,888 shares of the oil and gas exploration company’s stock worth $509,903,000 after acquiring an additional 86,190 shares during the last quarter. Finally, Cresset Asset Management LLC lifted its holdings in shares of BP by 9.8% in the second quarter. Cresset Asset Management LLC now owns 7,641 shares of the oil and gas exploration company’s stock worth $319,000 after acquiring an additional 679 shares during the last quarter. 10.72% of the stock is owned by institutional investors and hedge funds.

About BP

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).

Featured Article: Systematic Risk

Analyst Recommendations for BP (NYSE:BP)

Receive News & Ratings for BP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP and related companies with MarketBeat.com's FREE daily email newsletter.