BP (LON:BP) Stock Crosses Below Two Hundred Day Moving Average - Should You Sell?

BP p.l.c. (LON:BP - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 401.76 ($5.34) and traded as low as GBX 344.59 ($4.58). BP shares last traded at GBX 350.30 ($4.65), with a volume of 77,010,895 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have recently commented on BP. JPMorgan Chase & Co. upgraded BP to a "neutral" rating and increased their target price for the company from GBX 440 ($5.85) to GBX 510 ($6.78) in a research note on Thursday, February 20th. Royal Bank of Canada reiterated a "sector perform" rating and set a GBX 480 ($6.38) target price on shares of BP in a research note on Thursday, February 20th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of GBX 494 ($6.56).

BP Trading Up 4.7%

The business's 50 day moving average is GBX 387.64 and its two-hundred day moving average is GBX 400.35. The company has a quick ratio of 0.62, a current ratio of 1.22 and a debt-to-equity ratio of 105.65. The firm has a market capitalization of £72.46 billion, a P/E ratio of 27.81, a PEG ratio of 0.35 and a beta of 0.49.

Insider Buying and Selling

In other BP news, insider Murray Auchincloss bought 87 shares of the stock in a transaction on Monday, February 10th. The shares were bought at an average price of GBX 433 ($5.75) per share, with a total value of £376.71 ($500.54). Also, insider Hina Nagarajan bought 5,000 shares of the stock in a transaction on Friday, May 2nd. The shares were acquired at an average cost of GBX 348 ($4.62) per share, for a total transaction of £17,400 ($23,119.85). In the last quarter, insiders have purchased 5,205 shares of company stock valued at $1,817,365. 0.26% of the stock is owned by corporate insiders.

BP Company Profile

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.