Morgan Stanley assumed protection on shares of BP Midstream Companions (NYSE:BPMP) in a report launched on Friday, The Fly studies. The agency set an “equal weight” score on the stock.Various different analysts have additionally commented on BPMP. JPMorgan Chase & Co. upgraded shares of BP Midstream Companions from an “underweight” score to a “impartial” score and boosted their price goal for the corporate from $13.00 to $14.00 in a analysis word on Thursday, August 27th. Zacks Funding Analysis upgraded shares of BP Midstream Companions from a “promote” score to a “maintain” score in a analysis word on Tuesday, September 1st. One equities analysis analyst has rated the stock with a promote score, 5 have issued a maintain score and one has issued a purchase score to the stock. BP Midstream Companions at present has a median score of “Maintain” and a consensus goal price of $13.13.Shares of BPMP stock opened at $9.51 on Friday. The agency has a market capitalization of $996.43 million, a PE ratio of 5.76, a price-to-earnings-growth ratio of 0.66 and a beta of 1.26. The agency has a fifty day easy shifting common of $11.13 and a two-hundred day easy shifting common of $10.95. The corporate has a present ratio of 14.82, a fast ratio of 14.82 and a debt-to-equity ratio of 1.90. BP Midstream Companions has a 12 month low of $6.41 and a 12 month excessive of $17.08. BP Midstream Companions (NYSE:BPMP) final introduced its quarterly earnings outcomes on Thursday, August sixth. The corporate reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.04. The enterprise had income of $30.70 million through the quarter, in comparison with analyst estimates of $27.52 million. BP Midstream Companions had a internet margin of 133.28% and a return on fairness of 73.28%. Throughout the identical quarter within the earlier yr, the enterprise posted $0.35 EPS. On common, equities analysts predict that BP Midstream Companions will submit 1.53 earnings per share for the present fiscal yr. Hedge funds and different institutional buyers have just lately purchased and offered shares of the corporate. Guggenheim Capital LLC grew its stake in shares of BP Midstream Companions by 95.6% within the 1st quarter. Guggenheim Capital LLC now owns 20,265 shares of the corporate’s stock worth $189,000 after buying an extra 9,906 shares within the final quarter. JPMorgan Chase & Co. grew its place in BP Midstream Companions by 3.8% through the first quarter. JPMorgan Chase & Co. now owns 1,604,542 shares of the corporate’s stock valued at $14,939,000 after shopping for an extra 58,939 shares through the interval. Morgan Stanley grew its place in BP Midstream Companions by 186.0% through the first quarter. Morgan Stanley now owns 3,625,305 shares of the corporate’s stock valued at $33,752,000 after shopping for an extra 2,357,523 shares through the interval. US Bancorp DE grew its place in BP Midstream Companions by 5,000.0% through the first quarter. US Bancorp DE now owns 15,300 shares of the corporate’s stock valued at $142,000 after shopping for an extra 15,000 shares through the interval. Lastly, Chickasaw Capital Administration LLC grew its place in BP Midstream Companions by 24.8% through the second quarter. Chickasaw Capital Administration LLC now owns 5,053,831 shares of the corporate’s stock valued at $57,967,000 after shopping for an extra 1,004,975 shares through the interval. Hedge funds and different institutional buyers personal 39.03% of the corporate’s stock. BP Midstream Companions Firm ProfileBP Midstream Companions LP owns, acquires, develops, and operates pipelines and different midstream belongings in america. It owns an onshore crude oil pipeline system, onshore refined merchandise pipeline system, onshore diluent pipeline system, refined product terminalling system, and offshore pure fuel pipeline system, in addition to pursuits in 5 offshore crude oil pipeline techniques.Advisable Story: BetaThis prompt information alert was generated by narrative science expertise and monetary information from MarketBeat to be able to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to [email protected]The Subsequent 5 Retailers on the Fringe of BankruptcyThrough no fault of theirs, the novel coronavirus has put some retailers on the sting of chapter. And as you’ve seen, many have fallen over that edge together with iconic names like Nieman Marcus, J.C. Penney and J.Crew.
In reality, in keeping with the American Chapter Institute, there have been 560 business Chapter 11 filings in April. That was a 26% improve over final yr. And govt director, Amy Quakenboss, means that there are extra to return.
“As financial challenges continue to escalate amid this crisis,” observes Quakenboss, “bankruptcy is sure to offer a financial safe harbor from the economic storm.”
With no income strolling via the door, many retailers are seeing a semblance of income from e-commerce gross sales. However for some retailers, the shutdown is extra impactful as a result of they didn’t have a robust e-commerce construction. That signifies that they rely greater than others on brick-and-mortar gross sales.
The true query now’s will there actually be the pent-up demand that some analysts nonetheless swear is simply ready to be unleashed. It may certainly exist. Time will inform. However time just isn’t a commodity many of those retailers have. And we’ve recognized 5 retailers for which the clock just isn’t of their favor.
View the “The Subsequent 5 Retailers on the Fringe of Chapter”.