November 28, 2016 - By Nellie Frank · 0 Comments
The stock of BP Plc (NYSE:BP) registered a decrease of 17.92% in short interest. BP’s total short interest was 10.13M shares in November as published by FINRA. Its down 17.92% from 12.35 million shares, reported previously. With 4.29 million shares average volume, it will take short sellers 2 days to cover their BP’s short positions. The short interest to BP Plc’s float is 0.33%. About 55,441 shares traded hands. BP plc (ADR) (NYSE:BP) has risen 7.80% since April 25, 2016 and is uptrending. It has outperformed by 1.79% the S&P500.
BP p.l.c. is an integrated oil and gas company. The company has a market cap of $106.73 billion. The Firm provides its clients with fuel for transportation, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. It currently has negative earnings. The Firm operates through three divisions: Upstream, Downstream and Rosneft.
Out of 21 analysts covering BP (NYSE:BP), 12 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 57% are positive. BP has been the topic of 30 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of BP plc (ADR) (NYSE:BP) earned “Outperform” rating by BMO Capital Markets on Monday, September 28. On Tuesday, November 3 the stock rating was upgraded by Evercore to “Buy”. The company was initiated on Tuesday, December 15 by Credit Agricole. On Wednesday, September 23 the stock rating was initiated by Macquarie Research with “Neutral”. On Friday, September 11 the stock rating was upgraded by Goldman Sachs to “Neutral”. As per Thursday, October 20, the company rating was downgraded by UBS. The stock has “Neutral” rating given by Nomura on Friday, March 18. Howard Weil maintained the shares of BP in a report on Wednesday, October 28 with “Sector Perform” rating. The firm has “Overweight” rating given on Wednesday, July 29 by JP Morgan. As per Wednesday, November 2, the company rating was downgraded by Societe Generale.
BP p.l.c., incorporated on April 14, 1909, is an integrated gas and oil company. The Firm provides its clients with fuel for transportation, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. The Firm operates through three divisions: Upstream, Downstream and Rosneft. The Company’s Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing. The Company’s Downstream segment has global manufacturing and marketing operations. Rosneft is an oil company. The Firm has activities in Europe, North and South America, Australasia, Asia and Africa.
More news for BP plc (ADR) (NYSE:BP) were recently published by: Investorplace.com, which released: “Why BP plc (ADR) (BP), L Brands Inc (LB) and Tesla Motors Inc (TSLA) Are 3 of …” on November 01, 2016. Investorplace.com‘s article titled: “BP plc (ADR) Stock Takes a Hit After Q3 Earnings” and published on November 01, 2016 is yet another important article.
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By Nellie Frank