News headlines about BP (NYSE:BP) have been trending neutral recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. BP earned a coverage optimism score of 0.23 on their scale. InfoTrie also gave news stories about the oil and gas exploration company an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company’s share price in the near future.
Here are some of the headlines that may have effected BP’s ranking:
- BP prepares for low carbon future – Financial Times (ft.com)
- US Postal Service tests out self-driving trucks, BP shareholders approve climate resolution and more – WGHP FOX 8 Greensboro (myfox8.com)
- Air BP Supports Alternative Aviation Fuel Initiative – Aviation International News (ainonline.com)
- BP and Shell join companies lobbying for a US carbon tax – Anchorage Daily News (adn.com)
- Why Analysts Have Mixed Opinions on BP – Market Realist (marketrealist.com)
BP has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of BP from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. Royal Bank of Canada cut shares of BP from a “top pick” rating to an “outperform” rating and set a $44.65 price target on the stock. in a research report on Tuesday, April 16th. Finally, Deutsche Bank reissued a “buy” rating on shares of BP in a research report on Thursday, March 7th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $55.41.
BP traded down $0.41 during trading on Wednesday, hitting $42.34. The company had a trading volume of 4,055,399 shares, compared to its average volume of 5,305,131. The stock has a market capitalization of $142.52 billion, a P/E ratio of 11.14, a P/E/G ratio of 1.76 and a beta of 0.78. BP has a one year low of $36.28 and a one year high of $47.57. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.61.
BP (NYSE:BP) last posted its quarterly earnings data on Tuesday, April 30th. The oil and gas exploration company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. The business had revenue of $66.32 billion for the quarter, compared to analysts’ expectations of $64.85 billion. BP had a net margin of 3.26% and a return on equity of 12.19%. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.13 EPS. On average, equities research analysts predict that BP will post 3.39 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, May 10th will be given a $0.615 dividend. The ex-dividend date is Thursday, May 9th. This represents a $2.46 annualized dividend and a yield of 5.81%. BP’s dividend payout ratio is currently 64.21%.
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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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