<div id="readability-page-1"><p><span>BP (NYSE:BP - Get Free Report)</span> had its price target dropped by analysts at Wells Fargo &amp; Company  from $31.00 to $30.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an &#34;equal weight&#34; rating on the oil and gas exploration company's stock. Wells Fargo &amp; Company's price objective would indicate a potential downside of 3.85% from the stock's current price.</p><ul><li>These 3 Stocks Pay You More Than 5% to Own Them</li></ul><p>Several other equities analysts have also recently commented on the stock. Redburn Atlantic cut shares of BP from a &#34;buy&#34; rating to a &#34;neutral&#34; rating in a research report on Tuesday, September 24th. The Goldman Sachs Group upgraded shares of BP to a &#34;strong-buy&#34; rating in a research report on Friday, October 11th. Scotiabank cut BP from a &#34;sector outperform&#34; rating to a &#34;sector perform&#34; rating and decreased their target price for the company from $42.00 to $36.00 in a research note on Thursday, October 10th. Royal Bank of Canada  restated a &#34;sector perform&#34; rating on shares of BP in a research report on Tuesday. Finally, StockNews.com upgraded BP from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a report on Friday, January 10th. Eleven analysts have rated the stock with a hold rating, five have given a buy rating and four have issued  a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $39.76.</p><p><b>Check Out Our Latest Analysis on BP</b></p><h2>BP Trading Up 0.4 %</h2><ul><li>Kinder Morgan Stock Bid Up In An Oil Breakout</li></ul><p>Shares of BP stock traded up $0.11 during mid-day trading on Wednesday, hitting $31.20. 7,610,987 shares of the stock were exchanged, compared to its average volume of 10,346,871. The company has a 50-day simple moving average of $29.54 and a 200 day simple moving average of $31.87. The company has a current ratio of 1.22, a quick ratio of 0.94 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $83.36 billion, a price-to-earnings ratio of 32.84, a price-to-earnings-growth ratio of 2.13 and a beta of 0.64. BP has a twelve month low of $27.82 and a twelve month high of $40.40. </p><p>BP (NYSE:BP - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The oil and gas exploration company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.05. BP had a return on equity of 12.91% and a net margin of 1.36%. The firm had revenue of $47.25 billion during the quarter, compared to the consensus estimate of $52.05 billion. During the same quarter in the previous year, the business earned $1.15 earnings per share. The firm's quarterly revenue was down 11.3% compared to the same quarter last year.  Research analysts forecast that  BP will post 3.55 EPS for the current year. </p><h2>Institutional Investors Weigh In On BP</h2><ul><li>Energy sector strength: Drill down with these refinery stocks</li></ul><p>Hedge funds and other institutional investors have recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL bought a new position in shares of  BP in the 2nd quarter worth $75,000.  Bank &amp; Trust Co boosted its position in  BP by 404.8% during the fourth quarter. Bank &amp; Trust Co now owns 2,120 shares of the oil and gas exploration company's stock valued at $63,000 after purchasing an additional 1,700 shares during the last quarter.  Versant Capital Management Inc raised its position in  BP by 41.0% during the fourth quarter. Versant Capital Management Inc now owns 2,221 shares of the oil and gas exploration company's stock worth $66,000 after acquiring an additional 646 shares in the last quarter.  ORG Partners LLC grew its holdings in  BP by 32.5% during the third quarter. ORG Partners LLC now owns 2,533 shares of the oil and gas exploration company's stock worth $80,000 after purchasing an additional 621 shares during the period.  Finally, Future Financial Wealth Managment LLC bought a new position in  BP during the third quarter worth about $91,000. 11.01% of the stock is owned by institutional investors and hedge funds. </p><h2>BP Company Profile</h2> (Get Free Report)<p>BP p.l.c. provides carbon products and services. The company operates through Gas &amp; Low Carbon Energy, Oil Production &amp; Operations, and Customers &amp; Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than BP</li><li>What is the Dogs of the Dow Strategy? Overview and Examples</li><li>JPMorgan Chase &amp; Co. Stock Can Hit $300 This Year</li><li>What is the NASDAQ Stock Exchange?</li><li>What Goldman Sachs’ Quarterly Results Reveal About the Economy</li><li>What Investors Must Know About Over-the-Counter (OTC) Stocks</li><li>3 Dividend Stocks at Bargain Levels to Defend Your Portfolio</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in BP Right Now?</h2><p>Before you consider BP, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BP wasn't on the list.</p><p>While BP currently has a &#34;Moderate Buy&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Wells Fargo & Company has lowered its price target for BP (NYSE:BP) from $31.00 to $30.00, maintaining an "equal weight" rating. This indicates a potential downside of 3.85% from the current stock price. Other analysts have also adjusted their ratings, with Redburn Atlantic downgrading to "neutral" and Goldman Sachs upgrading to "strong-buy." BP's stock is currently trading at $31.20, with a consensus rating of "Moderate Buy" and an average price target of $39.76. The company reported $0.83 EPS for the last quarter, beating estimates but showing a revenue decline of 11.3% year-over-year.</p>

Market Beat

BP (NYSE:BP) Price Target Lowered to $30.00 at Wells Fargo & Company