BP (LON:BP) Earns “Buy” Rating from Barclays

BP (LON:BP)‘s stock had its “buy” rating reaffirmed by equities research analysts at Barclays in a research note issued on Tuesday,MarketScreener reports.

Several other equities research analysts have also commented on the company. DZ Bank restated a “buy” rating on shares of BP in a research note on Tuesday, April 28th. The Goldman Sachs Group reissued a “buy” rating on shares of BP in a research note on Wednesday, April 29th. UBS Group reissued a “buy” rating on shares of BP in a research note on Friday, May 8th. BNP Paribas Exane upgraded BP from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Finally, Jefferies Financial Group reaffirmed a “neutral” rating and issued a $6.50 price objective on shares of BP in a research note on Thursday, May 21st. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 635.

BP Stock Performance

Shares of LON BP traded down GBX 22.20 during trading on Tuesday, reaching GBX 529. 83,576,358 shares of the company traded hands, compared to its average volume of 8,560,774. BP has a 52-week low of GBX 379.70 and a 52-week high of GBX 562.30. The company has a quick ratio of 0.62, a current ratio of 1.22 and a debt-to-equity ratio of 132.55. The firm has a 50 day simple moving average of GBX 565.63 and a 200-day simple moving average of GBX 494.07. The stock has a market capitalization of £102.96 billion, a PE ratio of 39.51, a P/E/G ratio of 0.35 and a beta of 0.06.

Insider Transactions at BP

In other BP news, insider Carol Howle acquired 62 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were bought at an average price of GBX 510 per share, with a total value of £316.20. In the last three months, insiders acquired 77 shares of company stock worth $39,750. 0.26% of the stock is owned by 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. 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.