Hina Nagarajan Purchases 5,000 Shares of BP p.l.c. (LON:BP) Stock

BP p.l.c. (LON:BP - Get Free Report) insider Hina Nagarajan bought 5,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were bought at an average price of GBX 348 ($4.63) per share, for a total transaction of £17,400 ($23,147.53).

BP Stock Performance

Shares of BP traded up GBX 16.80 ($0.22) during trading hours on Friday, reaching GBX 372.30 ($4.95). 71,750,343 shares of the company traded hands, compared to its average volume of 8,560,774. The stock has a market capitalization of £72.46 billion, a P/E ratio of 27.81, a P/E/G ratio of 0.35 and a beta of 0.49. 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 business has a fifty day moving average price of GBX 387.64 and a 200-day moving average price of GBX 400.37. BP p.l.c. has a 12-month low of GBX 379.70 ($5.05) and a 12-month high of GBX 562.30 ($7.48).

Wall Street Analysts Forecast Growth

Several research analysts have commented on BP shares. JPMorgan Chase & Co. raised shares of BP to a "neutral" rating and increased their price objective for the company from GBX 440 ($5.85) to GBX 510 ($6.78) in a report on Thursday, February 20th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a GBX 480 ($6.39) price objective on shares of BP in a report on Thursday, February 20th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of GBX 494 ($6.57).

About BP

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.