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Apex Trader Funding (ATF) - News

BP's Q2 Estimates Downgraded, But This Analyst Anticipates 10% Dividend Hike And Continued Buybacks

RBC Capital Markets analyst Biraj Borkhataria updated estimates of BP p.l.c. (NYSE:BP) following its second-quarter trading update release this morning. The analyst rates BP with an Outperform rating and a 650p price target. In the oil production and operations segment, the company anticipates realizations to have a favorable impact of $0.1 billion-$0.3 billion and expects Upstream production in the quarter to remain flat compared to the prior quarter. The analyst writes that in the gas trading segment, they had high expectations due to increased volumes at Tangguh, but the actual average result fell short of ...