BP (LON:BP - Get Free Report)'s stock had its "sector perform" rating reiterated by equities researchers at Royal Bank Of Canada in a report issued on Wednesday,Digital Look reports. They presently have a GBX 700 target price on the oil and gas exploration company's stock. Royal Bank Of Canada's price objective would suggest a potential upside of 20.94% from the stock's previous close.
A number of other research firms have also issued reports on BP. BNP Paribas Exane raised BP from a "neutral" rating to an "outperform" rating in a research note on Friday, April 17th. Barclays reiterated a "buy" rating on shares of BP in a report on Friday, April 24th. Berenberg Bank reiterated a "buy" rating and issued a GBX 700 price target on shares of BP in a report on Wednesday. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of BP in a report on Tuesday. Finally, UBS Group reiterated a "buy" rating on shares of BP in a report on Tuesday. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, BP presently has a consensus rating of "Moderate Buy" and an average target price of GBX 635.
Get Our Latest Stock Report on BP
BP Price Performance
BP stock opened at GBX 578.80 on Wednesday. BP has a 1 year low of GBX 379.70 and a 1 year high of GBX 562.30. The company has a debt-to-equity ratio of 136.71, a quick ratio of 0.62 and a current ratio of 1.26. The stock's 50 day moving average price is GBX 540.39 and its 200 day moving average price is GBX 477.91. The firm has a market cap of £112.65 billion, a P/E ratio of 43.23, a PEG ratio of 0.35 and a beta of 0.06.
Insider Activity at BP
In other BP news, insider Carol Howle purchased 62 shares of the firm's stock in a transaction that occurred on Tuesday, March 10th. The stock was purchased at an average cost of GBX 510 per share, with a total value of £316.20. In the last three months, insiders acquired 142 shares of company stock worth $70,530. Corporate insiders own 0.26% of the company's stock.
BP News Roundup
Here are the key news stories impacting BP this week:
- Positive Sentiment: Q1 results and trading boom: BP reported a big jump in Q1 profits as oil-market volatility around the Iran war boosted trading gains and lifted earnings, beating estimates and supporting the stock’s rally. BP profits double as Iran war triggers oil trading boom
- Positive Sentiment: Analyst praise for new management: An RBC analyst highlighted the new CEO’s “straightforward” priorities after the quarter, which investors see as constructive for execution and capital allocation. BP rises after easy Q1 beat; RBC analyst lauds 'straightforward' priorities by new CEO
- Positive Sentiment: Broker support: UBS reiterated a Buy rating, adding to the positive sentiment around the quarter and outlook. UBS Buy rating
- Neutral Sentiment: Mixed sell-side view: JPMorgan kept a Neutral rating, suggesting some caution remains despite the strong quarter. JPMorgan remains neutral
- Negative Sentiment: Shareholder pushback at AGM: Investors rejected two board proposals at the annual meeting — an early sign of governance friction as new leadership settles in. Shareholders decline two board proposals
- Negative Sentiment: Debt and balance-sheet watch: Commentary ahead of results flagged rising debt as something for investors to monitor despite strong earnings and cash generation. Q1 preview: rising debt under watch
- Negative Sentiment: Labor/lockout issue: Political attention has risen over a BP lockout, with calls for government intervention — a potential operational and reputational risk. Mrvan asks Commerce Secretary to support end to BP lockout
About BP
(
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. In addition, the company involved in convenience and retail fuel, EV charging, Castrol lubricant, aviation, B2B, and midstream businesses; refining and oil trading; and bioenergy business.
Further Reading
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