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Share Price Information for BP (BP.)

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Share Price: 510.40
Bid: 509.40
Ask: 509.50
Change: 0.00 (0.00%)
Spread: 0.10 (0.02%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 510.40
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Broker tips: BP, Kazakhmys, Premier Foods

Fri, 16th Dec 2011 12:52

Evolution Securities has reiterated its buy rating on oil titan BP, highlighting today's $250m settlement with Cameron International Corporation and rumours of farm-in talks with Ophir Energy.Analyst Richard Griffith said: "Although the figure is relatively modest...it is an acknowledgement from another party that the accident was multi-faceted with multiple partners to share the blame."Furthermore, Griffith mentions reports from the Daily Telegraph that BP is in discussions with Ophir Energy regarding a farm-in agreement at Ophir's Tanzanian acreage. He thinks that it would make more sense for BP to snap up Ophir outright than to farm-in to its operations.The broker sticks with a 510p target price, but says that this is at the lower-end of a valuation range where the upside is 771p per share.Evolution Securities has kept its 'add' recommendation on mining giant Kazakhmys following the news that it has secured funding for all of its development projects.Kazakhmys announced today that it has signed a memorandum of understanding with the China Development Bank Corporation for a $1.5bn loan facility which is to be used for the development of its Aktogay copper project in East Kazakhstan.The broker thinks that the stock is "markedly undervalued" in relation to the wider mining sector, trading at just four times prospective earnings, compared to Antofagasta which trades at an earnings multiple of eleven.A 1,260p target price is kept.Investec has kept its buy rating on FTSE 250 foods group Premier Foods following last night's announcement that it will dispose of its four Irish Brands."Another week, another disposal at fast-changing Premier Foods," writes Investec analyst Martin Deboo."While the disposal of the Irish brands is neither as lucrative nor as pivotal as last week's exit from Brookes Avana, it still represents a further cash realisation and tidying-up exercise," he said.Investec says its remains happy with its buy case, 15p target price and "the pace of progress being made".BC
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(Sharecast News) - The United Arab Emirates' state-owned oil company recently considered buying BP but the deliberations did not progress beyond preliminary discussions, according to a report.

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11 Apr 2024 14:41

Senegal says oil, gas and mine contracts will be reworked if needed

DAKAR, April 11 (Reuters) - Senegal's new Energy and Mines Minister said on Thursday the government would renegotiate oil, gas and mining contracts if necessary once a promised audit is completed.

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Johnson Matthey and BP win deal for US sustainable aviation fuel plant

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10 Apr 2024 07:47

LONDON BRIEFING: Stocks called up ahead of US inflation data

(Alliance News) - Stocks in London are called to open higher, as investors shake off nerves ahead of a key US inflation reading.

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9 Apr 2024 17:26

Slide in defence stocks knocks down Europe's STOXX 600

BP gains on higher quarterly upstream energy output forecast

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9 Apr 2024 17:13

FTSE 100 ends down as defence stocks offset commodity gains

Easter food spending lifts UK retail sales in March

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(Alliance News) - European equities closed lower on Tuesday, with sentiment downbeat ahead of Wednesday's US inflation reading, though impetus could be found in gold, which hit another record high.

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9 Apr 2024 15:12

London close: Stocks slip ahead of ECB, US inflation print

(Sharecast News) - London markets closed lower on Tuesday, as investors braced for a key US inflation reading as well as a policy announcement from the European Central Bank later in the week.

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LONDON MARKET MIDDAY: FTSE 100 treads water despite boost from miners

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PRESS: Shell could make London exit if value gap to US does not close

(Alliance News) - Shell PLC fired a warning shot to that it could be prepared to move its listing to the US in a fresh blow to London's financial centre.

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9 Apr 2024 08:53

TOP NEWS: BP predicts upstream production will rise in first quarter

(Alliance News) - BP PLC on Tuesday said it expects first quarter upstream production to be higher than the previous three month period but cautioned lower prices would hurt performance elsewhere.

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9 Apr 2024 08:44

LONDON MARKET OPEN: Stocks shaky ahead of US CPI data, ECB decision

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9 Apr 2024 07:51

BP expects rise in first-quarter upstream energy output

April 9 (Reuters) - BP said on Tuesday it expects first-quarter upstream production of both oil and gas as well as low-carbon energy to be higher than the previous three months.

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LONDON BRIEFING: HSBC sells Argentinian arm for USD550 million

(Alliance News) - Stocks in London are called to open lower on Tuesday, as investors nervously look ahead to US inflation data and the European Central Bank's latest interest rate decision.

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