BP (LON:BP) Earns Buy Rating from Barclays

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

Several other analysts also recently issued reports on the stock. JPMorgan Chase & Co. restated a “neutral” rating on shares of BP in a research note on Tuesday, April 28th. UBS Group reiterated a “buy” rating on shares of BP in a research note on Friday, May 8th. Morgan Stanley upgraded shares of BP to an “overweight” rating in a report on Wednesday, March 25th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of BP in a research report on Wednesday, April 29th. Finally, BNP Paribas Exane raised shares of BP from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 635.

BP Price Performance

LON:BP traded down GBX 22.20 during trading hours on Tuesday, reaching GBX 529. 83,576,358 shares of the company were exchanged, compared to its average volume of 8,560,774. The company has a market capitalization of £102.96 billion, a P/E ratio of 39.51, a P/E/G ratio of 0.35 and a beta of 0.06. The company has a debt-to-equity ratio of 132.55, a current ratio of 1.22 and a quick ratio of 0.62. The business has a 50 day moving average of GBX 565.63 and a 200 day moving average of GBX 494.07. BP has a 1-year low of GBX 379.70 and a 1-year high of GBX 562.30.

Insider Activity

In related news, insider Carol Howle bought 62 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was bought at an average cost of GBX 510 per share, for a total transaction of £316.20. Insiders bought 77 shares of company stock worth $39,750 over the last quarter. 0.26% of the stock is currently owned by company insiders.

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. 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.