Shares of BP p.l.c. (LON:BP - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 397.92 ($5.38) and traded as low as GBX 357.90 ($4.84). BP shares last traded at GBX 358.55 ($4.85), with a volume of 26,241,119 shares.
Wall Street Analyst Weigh In
Several research firms have recently commented on BP. Royal Bank of Canada reiterated a "sector perform" rating and set a GBX 480 ($6.49) target price on shares of BP in a research note on Thursday, February 20th. JPMorgan Chase & Co. raised shares of BP to a "neutral" rating and boosted their target price for the stock from GBX 440 ($5.95) to GBX 510 ($6.90) in a research report on Thursday, February 20th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of GBX 494 ($6.68).
Check Out Our Latest Stock Report on BP
BP Price Performance
The company has a debt-to-equity ratio of 105.65, a current ratio of 1.22 and a quick ratio of 0.62. The company has a fifty day moving average price of GBX 363.42 and a 200 day moving average price of GBX 397.92. The company has a market capitalization of £69.66 billion, a P/E ratio of 26.73, a price-to-earnings-growth ratio of 0.35 and a beta of 0.49.
Insiders Place Their Bets
In other news, insider Murray Auchincloss purchased 102 shares of the stock in a transaction dated Monday, May 12th. The shares were bought at an average cost of GBX 372 ($5.03) per share, for a total transaction of £379.44 ($513.31). Also, insider Hina Nagarajan bought 5,000 shares of BP stock in a transaction that occurred on Friday, May 2nd. The shares were acquired at an average price of GBX 348 ($4.71) per share, with a total value of £17,400 ($23,538.96). In the last 90 days, insiders bought 5,220 shares of company stock worth $1,817,638. Insiders own 0.26% of the company's stock.
BP Company Profile
(
Get Free Report)
BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.
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