BP (NYSE:BP) Receives Daily Coverage Optimism Score of 1.45

Media stories about BP (NYSE:BP) have trended somewhat positive recently, InfoTrie Sentiment reports. The research firm scores the sentiment of press coverage by analyzing 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 closest to five being the most favorable. BP earned a coverage optimism score of 1.45 on their scale. InfoTrie also gave news stories about the oil and gas exploration company an news buzz score of 3 out of 10, meaning that recent press coverage is unlikely to have an impact on the company’s share price in the near future.

These are some of the news articles that may have impacted BP’s score:

BP stock traded down $0.23 during midday trading on Friday, reaching $44.39. The stock had a trading volume of 3,682,320 shares, compared to its average volume of 4,443,352. BP has a 12 month low of $36.28 and a 12 month high of $47.83. The stock has a market capitalization of $148.40 billion, a P/E ratio of 11.68, a P/E/G ratio of 1.92 and a beta of 0.80. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.78 and a current ratio of 1.04.

BP (NYSE:BP) last announced its quarterly earnings data on Tuesday, February 5th. The oil and gas exploration company reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.27. BP had a return on equity of 12.45% and a net margin of 3.09%. The business had revenue of $75.68 billion for the quarter, compared to analysts’ expectations of $78.78 billion. During the same period in the previous year, the business posted $0.11 EPS. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. Equities research analysts forecast that BP will post 3.26 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, February 15th were paid a $0.615 dividend. This represents a $2.46 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date of this dividend was Thursday, February 14th. BP’s dividend payout ratio is currently 64.21%.

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada downgraded shares of BP from a “top pick” rating to an “outperform” rating and set a $44.65 price target on the stock. in a report on Tuesday, April 16th. Deutsche Bank reissued a “buy” rating on shares of BP in a report on Thursday, March 7th. Finally, Zacks Investment Research raised shares of BP from a “strong sell” rating to a “hold” rating in a report on Friday, February 8th. Five equities research 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. BP presently has a consensus rating of “Buy” and a consensus target price of $55.13.

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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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