In a report released today, Tom Abrams from Morgan Stanley maintained a Hold rating on BP Midstream Partners LP (BPMP), with a price target of $22. The company’s shares closed on Friday at $16.87.
According to TipRanks.com, Abrams is a 1-star analyst with an average return of -2.0% and a 46.3% success rate. Abrams covers the Basic Materials sector, focusing on stocks such as Oasis Midstream Partners Lp, Hess Midstream Partners Lp, and EnLink Midstream Partners.
BP Midstream Partners LP has an analyst consensus of Hold, with a price target consensus of $22.
See today’s analyst top recommended stocks >>
BP Midstream Partners LP’s market cap is currently $1.77B and has a P/E ratio of 14.98. The company has a Price to Book ratio of 6.88.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
BP Midstream Partners LP is a limited partnership company which was formed to own, operate, develop and acquire pipelines and other midstream assets. It involves in the operation of onshore crude oil pipeline systems including onshore refined products pipeline system; onshore diluent pipeline system; interests in four offshore crude oil pipeline systems; and an interest in one offshore natural gas pipeline system. The company was founded on May 22, 2017 and is headquartered in Houston, TX.
