Shares of BP p.l.c. (LON:BP - Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 397.16 ($5.33) and traded as low as GBX 376.55 ($5.06). BP shares last traded at GBX 380.70 ($5.11), with a volume of 28,193,311 shares changing hands.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on BP shares. JPMorgan Chase & Co. upgraded shares of BP to a "neutral" rating and raised their target price for the company from GBX 440 ($5.91) to GBX 510 ($6.85) in a research note on Thursday, February 20th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a GBX 480 ($6.44) price objective on shares of BP in a research report on Thursday, February 20th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of GBX 494 ($6.63).
Check Out Our Latest Stock Analysis on BP
BP Stock Performance
The stock has a market cap of £74.48 billion, a P/E ratio of 28.59, a price-to-earnings-growth ratio of 0.35 and a beta of 0.49. The company has a current ratio of 1.22, a quick ratio of 0.62 and a debt-to-equity ratio of 105.65. The stock has a 50 day simple moving average of GBX 360.48 and a 200 day simple moving average of GBX 397.25.
Insider Buying and Selling
In other BP news, insider Murray Auchincloss acquired 113 shares of BP stock in a transaction that occurred on Thursday, April 10th. The shares were acquired at an average cost of GBX 333 ($4.47) per share, with a total value of £376.29 ($505.16). 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 ($4.67) per share, with a total value of £17,400 ($23,358.84). Over the last quarter, insiders have purchased 5,222 shares of company stock worth $1,818,107. Company insiders own 0.26% of the company's stock.
About BP
(
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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.
Further Reading
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