Morgan Stanley (NYSE:MS) analyst Robert Kad maintained a Hold rating on BP Midstream Partners (NYSE:BPMP) LP on Wednesday, setting a price target of $15, which is approximately 6.69% above the present share price of $14.06.
Kad expects BP (NYSE:BP) Midstream Partners LP to post earnings per share (EPS) of $0.39 for the second quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Moderate Buy rating of shares in BP Midstream Partners, with an average price target of $15.25.
The analysts price targets range from a high of $16 to a low of $14.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $29.6 million and a net profit of $18.6 million. The company's market cap is $1.47 billion.
According to TipRanks.com, Morgan Stanley analyst Robert Kad is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -0.3% and a 40.00% success rate.
BP Midstream Partners LP engages in the operation, development, and acquisition of pipelines and other midstream assets. Its assets includes interests in entities that own crude oil, natural gas, refined products and diluent pipelines, and refined product terminals. The company was founded on May 22, 2017 and is headquartered in Houston, TX.