Favorable Media Coverage Extremely Likely to Impact BP (LON:BP) Stock Price

Press coverage about BP (LON:BP) has trended positive recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. BP earned a coverage optimism score of 2.72 on their scale. InfoTrie also assigned press coverage about the oil and gas exploration company an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock’s share price in the next few days.

Here are some of the headlines that may have impacted BP’s score:

BP has been the subject of several research reports. Barclays reaffirmed a “buy” rating on shares of Alphabet in a research note on Tuesday, April 30th. Societe Generale reissued a “hold” rating on shares of KONE OYJ/ADR in a research note on Thursday, May 2nd. UBS Group upped their price objective on shares of Spotify Technology from $180.00 to $182.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Goldman Sachs Group set a €152.00 ($176.74) target price on shares of Aena SME and gave the stock a “sell” rating in a report on Tuesday, April 30th. Finally, Deutsche Bank raised their price objective on shares of Spirit Airlines from $75.00 to $79.00 and gave the company a “buy” rating in a report on Friday, July 12th. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 650 ($8.49).

BP traded up GBX 2 ($0.03) on Friday, reaching GBX 517.70 ($6.76). The company had a trading volume of 33,374,611 shares, compared to its average volume of 35,510,000. BP has a one year low of GBX 481.35 ($6.29) and a one year high of GBX 603.20 ($7.88). The company has a debt-to-equity ratio of 87.27, a current ratio of 1.02 and a quick ratio of 0.66. The stock has a market cap of $105.57 billion and a P/E ratio of 10.61. The firm has a fifty day moving average of GBX 545.01.

The company also recently disclosed a dividend, which was paid on Friday, June 21st. Shareholders of record on Thursday, May 9th were paid a dividend of $0.10 per share. This represents a yield of 1.43%. The ex-dividend date of this dividend was Thursday, May 9th. BP’s dividend payout ratio is presently 0.66%.

In other news, insider Brian Gilvary acquired 58 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were purchased at an average price of GBX 552 ($7.21) per share, for a total transaction of £320.16 ($418.35). Insiders purchased 174 shares of company stock worth $94,192 in the last 90 days.

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).

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