BP (BP) Gets a Buy Rating from Raymond James

In a report released today, Justin Jenkins from Raymond James maintained a Buy rating on BP (BPResearch Report), with a price target of $39.00. The company’s shares closed last Thursday at $31.29.

According to, Jenkins is a 5-star analyst with an average return of 12.2% and a 67.3% success rate. Jenkins covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Holly Energy Partners, and Plains All American.

BP has an analyst consensus of Moderate Buy, with a price target consensus of $36.50.

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BP’s market cap is currently $101.5B and has a P/E ratio of 13.92.

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BP Plc is a London-based integrated oil and gas company. It operates through three segments: Upstream, Downstream and Rosneft. The Upstream segment engages in the oil and natural gas exploration, field development, and production; midstream transportation, and storage and processing; and marketing and trade of natural gas. The Downstream segment refines, manufactures, markets, transports, supplies, and trades in crude oil, petroleum, and petrochemicals products to wholesale and retail customers. The Rosneft segment engages in the exploration and production of hydrocarbons in the United States, Canada, Vietnam, Venezuela, Brazil, Algeria, the United Arab Emirates, Turkmenistan, and Norway; and offers jet fuel, bunkering, bitumen, and lubricants.

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