How Many BP plc (LON:BP)'s Analysts Are Bullish?
- Author: Zachary Reyes Jun 06, 2017,
Jun 06, 2017, 13:50
It is negative, as 47 investors sold Cabot Oil & Gas Corporation shares while 144 reduced holdings. Sabal Trust CO increased its position in BP plc by 0.6% in the first quarter. Williams Capital reiterated a buy rating and set a $32.00 target price on shares of Cabot Oil & Gas Co.in a research note on Friday, April 28th. Heritage Investors Management Corp boosted its stake in shares of BP plc by 0.9% in the first quarter. MA now owns 2,419,117 shares of the oil and gas exploration company's stock valued at $57,841,000 after buying an additional 739,272 shares during the last quarter. Gulf International Bank UK Ltd raised its position in Cabot Oil & Gas Co.by 1.8% in the first quarter. BB&T Corp now owns 211,219 shares of the oil and gas exploration company's stock valued at $7,426,000 after buying an additional 11,366 shares in the last quarter.
The share price of the company (LON:ELA) was down -0.40% during the last trading session, with a high of 63.25 during the day and the volume of Eland Oil & Gas shares traded was 573845. COG is down around 7.27% from its 12-month high of $20.02 notched on Nov 04, 2016 but is -23.85% above its highest point the past 12 months of $26.74 a share. The company's stock had a trading volume of 3,738,777 shares. The firm's market capitalization is $10.05 billion. The firm has a 50 day moving average of GBX 460.36 and a 200-day moving average of GBX 469.94. South Dakota Investment Council raised its stake in Cabot Oil & Gas Co.by 69.8% in the first quarter.
Stock exchanges work according to the invisible hand of supply and demand, which determines the price where stocks are bought and sold. This represents an increase of approximately 712% compared to the average daily volume of 383 call options.
Cabot Oil & Gas Co. had a negative net margin of 21.03% and a negative return on equity of 4.68%.
BP plc (NYSE:BP) last posted its quarterly earnings results on Tuesday, May 2nd. Baird Financial Group Inc. now owns 17,624 shares of the oil and gas exploration company's stock valued at $412,000 after buying an additional 433 shares during the period. The business had revenue of $55.86 billion for the quarter, compared to analyst estimates of $59.87 billion. During the same quarter in the previous year, the business earned $0.17 EPS. The company's revenue for the quarter was up 45.1% compared to the same quarter past year. On average, analysts forecast that BP plc will post $1.92 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Shareholders of record on Friday, May 12th will be given a $0.595 dividend. The ex-dividend date of this dividend is Wednesday, May 10th. This represents a $2.38 annualized dividend and a yield of 6.63%. BP plc's payout ratio is now 11,905.95%.
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05/01/2017 - Piper Jaffray began new coverage on Cabot Oil & Gas Corporation giving the company a "overweight" rating. The Company also has operations in various other unconventional and conventional plays throughout the continental United States.
BP plc (LON:BP) opened at 462.75 on Friday. Jefferies Group LLC set a $36.00 target price on BP plc and gave the stock a "hold" rating in a research report on Wednesday, May 17th. Finally, Scotiabank set a $29.00 price target on shares of Cabot Oil & Gas Co. and gave the stock a "buy" rating in a research report on Saturday, April 22nd.
Several equities research analysts have recently issued reports on the stock. TheStreet upgraded shares of Cabot Oil & Gas Co. from a "d+" rating to a "c" rating in a research note on Friday, April 28th.
Among 24 analysts covering Cabot Oil & Gas (NYSE:COG), 15 have Buy rating, 0 Sell and 9 Hold. The stock of Cabot Oil & Gas Corporation (NYSE:COG) has "Outperform" rating given on Tuesday, January 12 by Cowen & Co. The shares were acquired at an average price of GBX 58 ($0.75) per share, for a total transaction of £125.28 ($161.88). BP plc now has a consensus rating of "Buy" and an average target price of $35.68. For the last month, company shares are -10.97%. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company.