Is there a Bearish outlook for BP plc (ADR) (NYSE:BP) this week?

June 19, 2017 - By Winifred Garcia

 Is there a Bearish outlook for BP plc (ADR) (NYSE:BP) this week?

BP plc (ADR) (NYSE:BP) Ratings Coverage

Among 24 analysts covering BP (NYSE:BP), 16 have Buy rating, 1 Sell and 7 Hold. Therefore 67% are positive. BP had 37 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of BP plc (ADR) (NYSE:BP) has “Buy” rating given on Monday, January 18 by Societe Generale. The firm earned “Buy” rating on Tuesday, September 15 by Liberum Capital. The firm earned “Hold” rating on Wednesday, November 2 by Societe Generale. The firm has “Overweight” rating by Barclays Capital given on Wednesday, July 29. Bank of America downgraded the stock to “Underperform” rating in Friday, September 4 report. Howard Weil upgraded BP plc (ADR) (NYSE:BP) on Monday, December 14 to “Focus Stock” rating. The stock of BP plc (ADR) (NYSE:BP) has “Hold” rating given on Monday, July 11 by Jefferies. Jefferies maintained the shares of BP in report on Wednesday, July 29 with “Buy” rating. The rating was maintained by BNP Paribas with “Neutral” on Wednesday, July 29. The rating was initiated by Nomura on Friday, March 18 with “Neutral”. Below is a list of BP plc (ADR) (NYSE:BP) latest ratings and price target changes.

01/06/2017 Broker: Argus Research Rating: Buy Old Target: $36.00 New Target: $41.00 Target Up
19/04/2017 Broker: Citigroup Old Rating: Buy New Rating: Neutral Downgrade
05/04/2017 Broker: Deutsche Bank Old Rating: Hold New Rating: Buy Upgrade
30/01/2017 Broker: Societe Generale Old Rating: Hold New Rating: Buy Upgrade
21/12/2016 Broker: UBS Old Rating: Neutral New Rating: Buy Upgrade

About 4,158 shares traded. BP plc (ADR) (NYSE:BP) has risen 15.51% since June 19, 2016 and is uptrending. It has underperformed by 1.19% the S&P500.

BP p.l.c. is an integrated oil and gas company. The company has market cap of $119.68 billion. The Firm owns an interest in OJSC Oil Company Rosneft , an gas and oil company. It has a 54.81 P/E ratio. The Company’s divisions include Upstream, Downstream, Rosneft, and Other businesses and corporate.

More recent BP plc (ADR) (NYSE:BP) news were published by: Investorplace.com which released: “Why BP plc (ADR) (BP) Stock Still Is Worth the Wait” on June 16, 2017. Also Investorplace.com published the news titled: “Why BP plc (ADR) (BP) Stock Can Reach $45” on June 01, 2017. Investorplace.com‘s news article titled: “Is BP plc (ADR) (BP) Stock Actually Beating the Competition?” with publication date: May 23, 2017 was also an interesting one.

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