29 July, 2017
As of June 15th, there was short interest totalling 17,102,586 shares, a decline of 14.5% from the May 31st total of 20,012,032 shares. The stock rose 0.49% or $0.17 reaching $35.01.
About 947,495 shares traded. 400,000 shares of the company were exchanged. State Street Corp increased its position in BP p.l.c.by 2.0% in the first quarter. The firm owned 12,414 shares of the oil and gas exploration company's stock after buying an additional 508 shares during the period. Canaccord Genuity reduced their price target on BP plc from GBX 525 ($6.84) to GBX 510 ($6.64) and set a buy rating for the company in a report on Friday, July 21st. Crestwood Advisors Group LLC purchased a new stake in shares of BP p.l.c. during the first quarter worth about $114,000.
On 11/1/2016 BP p.l.c. announced a Quarterly dividend of $0.60 with an ex dividend date of 11/8/2016 which will be payable on 12/16/2016.
BP has been the subject of several research reports.
7/26/2017-Societe Generale was Downgraded by analysts at Societe Generale from a "Buy " rating to a " Hold" rating.
07/11/2016 - BP p.l.c. had its " rating reiterated by analysts at Jefferies.
06/30/2017 - BP p.l.c. was downgraded to " by analysts at Bank of America Merrill Lynch. BNP Paribas maintained the stock with "Neutral" rating in Wednesday, July 29 report. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company's stock. Argus upped their price target on BP p.l.c. from $36.00 to $41.00 and gave the stock a "buy" rating in a report on Thursday, June 1st. BP has $42 highest and $33 lowest target. 4,619,617 shares of the company's stock traded hands. The company has a market capitalization of $114.19 billion, a price-to-earnings ratio of 51.85 and a beta of 0.94. The company's 50-day moving average price is $35.01 and its 200-day moving average price is $35.10.
BP p.l.c. had a net margin of 1.06% and a return on equity of 3.72%. (NYSE:BP) opened at 34.99 on Friday.
Analysts expect Echelon Corporation (NASDAQ:ELON) to report $-0.24 EPS on August, 8.They anticipate $0.11 EPS change or 84.62% from last quarter's $-0.13 EPS. The firm had revenue of $55.86 billion for the quarter, compared to the consensus estimate of $59.87 billion. This translates into $2.26 billion profit for BP giving the stock a 12.68 P/E. BP p.l.c.
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BP p.l.c.is an integrated oil and gas company. The Company's licenses include P1736 covering blocks 48/22b and 48/23a in which lies the Blythe gas field; P1609 covering block 9/21a in which lies the Skipper oil discovery; P2085 covering blocks 48/23c and 48/24b (Truman and Harvey), and P2260 covering block 48/22c (Elgood, Hambleton, Tetley and Rebellion).
