|Bid||435.65 x 330000|
|Ask||450.00 x 350000|
|Day's range||439.75 - 445.60|
|52-week range||408.63 - 521.20|
|PE ratio (TTM)||39.61|
|Earnings date||1 Aug 2017|
|Dividend & yield||0.40 (6.78%)|
|1y target est||6.51|
Urals and CPC Blend differentials rose on Thursday on strong margins and regional demand, while arbitrage flows of Urals and CPC Blend to Asia provided additional support, traders said. In the Platts window, BP bought from Vitol 100,000 tonnes of Urals crude for Aug. 16-20 loading at minus $0.55 a barrel to dated Brent. There was no activity for Urals in the Mediterranean in the afternoon trading session on Thursday, while Surgut's spot tender and deals outside the window showed higher numbers, traders said.
Cameroon plans to begin exporting liquefied natural gas later this year using a newly designed offshore plant that analysts say could slash production costs and unlock African reserves not previously considered economically viable. West and Central Africa's Gulf of Guinea has seen a wave of new oil and gas exploration, particularly since Tullow Oil (LSE: TLW.L - news) discovered Ghana's huge Jubilee gas field in 2007. A specialised vessel owned by Golar LNG (Frankfurt: 677102 - news) will dock offshore Cameroon's Atlantic (Shanghai: 600558.SS - news) coast in the coming weeks for testing.
BP has been rated by 11 Wall Street analysts. Of those, four (or 36.0%) have given it a “buy” or “strong buy” rating.