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Evercore ISI Reaffirms Their Hold Rating on BP (BP)

Tipranks - Tipranks - Thu Feb 12, 8:50AM CST

Evercore ISI analyst Stephen Richardson maintained a Hold rating on BP today and set a price target of $38.00.

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According to TipRanks, Richardson is a 5-star analyst with an average return of 10.6% and a 63.06% success rate. Richardson covers the Energy sector, focusing on stocks such as Baker Hughes Company, BP, and Chevron.

In addition to Evercore ISI, BP also received a Hold from Piper Sandler’s Ryan Todd in a report issued today. However, on the same day, Melius Research downgraded BP (NYSE: BP) to a Sell.

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Based on BP’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $48.39 billion and a net profit of $1.16 billion. In comparison, last year the company earned a revenue of $47.25 billion and had a net profit of $206 million

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