BP (NYSE:BP) Getting Extremely Negative Media Coverage, Report Shows

News stories about BP (NYSE:BP) have trended extremely negative recently, according to InfoTrie Sentiment. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. BP earned a news impact score of -5.00 on their scale. InfoTrie also assigned media stories about the oil and gas exploration company an news buzz score of 0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the near future.

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

Shares of NYSE BP traded up $0.13 during midday trading on Thursday, hitting $24.42. The company’s stock had a trading volume of 47,554,477 shares, compared to its average volume of 15,055,314. The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 0.64. The business’s 50 day moving average is $29.78 and its two-hundred day moving average is $35.98. BP has a 12-month low of $15.51 and a 12-month high of $45.38. The firm has a market cap of $75.11 billion, a P/E ratio of 20.35, a price-to-earnings-growth ratio of 11.66 and a beta of 0.82.

BP (NYSE:BP) last announced its quarterly earnings data on Tuesday, February 4th. The oil and gas exploration company reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.11. BP had a return on equity of 9.80% and a net margin of 1.42%. The company had revenue of $71.11 billion for the quarter, compared to the consensus estimate of $67.44 billion. During the same quarter in the prior year, the company posted $1.04 EPS. BP’s quarterly revenue was down 6.0% on a year-over-year basis. On average, analysts predict that BP will post 1.27 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.63 per share. This is a positive change from BP’s previous quarterly dividend of $0.61. This represents a $2.52 dividend on an annualized basis and a dividend yield of 10.32%. The ex-dividend date is Thursday, February 13th. BP’s payout ratio is currently 84.75%.

BP has been the subject of several research reports. Citigroup lowered shares of BP from a “buy” rating to a “neutral” rating in a research report on Thursday, March 12th. Piper Sandler downgraded BP from an “overweight” rating to a “neutral” rating and set a target price on the stock. in a research report on Monday, March 9th. TheStreet lowered BP from a “b-” rating to a “c+” rating in a report on Thursday, March 12th. Jefferies Financial Group downgraded BP from a “buy” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Wells Fargo & Co lowered their price target on BP from $46.00 to $27.00 and set an “overweight” rating for the company in a research report on Friday, March 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. BP currently has a consensus rating of “Hold” and an average price target of $42.16.

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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