Jefferies analyst Jason Gammel reiterated a Hold rating on BP plc (NYSE: BP) today and set a price target of $48.60. The company’s shares opened today at $42.09.
According to TipRanks.com, Gammel is a 4-star analyst with an average return of 7.8% and a 64.6% success rate. Gammel covers the Basic Materials sector, focusing on stocks such as Occidental Petroleum, Royal Dutch Shell A, and Conocophillips.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for BP plc with a $49.80 average price target.
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Based on BP plc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $2.76 billion. In comparison, last year the company had a net profit of $146 million.
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