BP (BP) Earning Neutral News Coverage, Analysis Finds
Media headlines about BP (NYSE:BP) have trended neutral this week, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. BP earned a news impact score of 0.40 on their scale. InfoTrie also assigned headlines about the oil and gas exploration company an news buzz score of 2 out of 10, meaning that recent press coverage is very unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted BP’s ranking:
- BP Names New GoM Platform Argos (oedigital.com)
- Macroeconomic, Managerial Factors Move BP Stock Higher on Monday (realmoney.thestreet.com)
- 3 assailants rob BP station at gunpoint in Fort Pierce; it was 2nd robbery within 6 months (tcpalm.com)
- How Texas Is Using BP Oil Spill Money (houstonpublicmedia.org)
- Queens BP Melinda Katz declares candidacy for district attorney (msn.com)
BP stock traded down $0.24 during midday trading on Tuesday, hitting $40.95. 6,773,689 shares of the company’s stock were exchanged, compared to its average volume of 6,449,496. The company has a current ratio of 1.22, a quick ratio of 0.91 and a debt-to-equity ratio of 0.53. The firm has a market cap of $134.20 billion, a PE ratio of 21.78, a P/E/G ratio of 0.62 and a beta of 0.84. BP has a one year low of $36.15 and a one year high of $47.83.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, November 9th will be issued a $0.615 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 6.01%. BP’s dividend payout ratio (DPR) is 129.79%.
A number of equities research analysts recently commented on the company. Redburn Partners raised BP from a “neutral” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Wednesday, October 3rd. Goldman Sachs Group raised BP from a “buy” rating to a “conviction-buy” rating in a research note on Thursday, August 9th. Santander raised BP from an “underperform” rating to a “hold” rating in a research note on Friday, August 31st. Morgan Stanley raised BP from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, September 5th. Finally, Piper Jaffray Companies reiterated an “overweight” rating on shares of BP in a report on Tuesday, October 23rd. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $53.22.
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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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