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

Barclays restated their buy rating on shares of BP (LON:BP) in a report released on Tuesday morning,MarketScreener reports.

A number of other equities research analysts have also recently issued reports on BP. Jefferies Financial Group reaffirmed a “neutral” rating on shares of BP in a report on Thursday, April 2nd. Morgan Stanley raised shares of BP to an “overweight” rating in a report on Wednesday, March 25th. Berenberg Bank reaffirmed a “buy” rating on shares of BP in a report on Thursday, April 2nd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of BP in a report on Thursday, March 26th. Finally, JPMorgan Chase & Co. upped their target price on shares of BP from GBX 520 to GBX 600 and gave the company a “neutral” rating in a report on Thursday, April 2nd. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 517.

BP Trading Down 2.4%

BP stock opened at GBX 565.10 on Tuesday. The firm has a 50-day moving average of GBX 520.69 and a 200-day moving average of GBX 468.40. BP has a one year low of GBX 379.70 and a one year high of GBX 562.30. The company has a debt-to-equity ratio of 136.71, a current ratio of 1.26 and a quick ratio of 0.62. The company has a market cap of £109.98 billion, a price-to-earnings ratio of 42.21, a P/E/G ratio of 0.35 and a beta of 0.06.

Insiders Place Their Bets

In related news, insider Carol Howle purchased 65 shares of the stock in a transaction on Tuesday, February 10th. The shares were purchased at an average cost of GBX 478 per share, with a total value of £310.70. Over the last quarter, insiders have bought 142 shares of company stock valued at $70,530. 0.26% of the stock is owned by corporate insiders.

BP News Roundup

Here are the key news stories impacting BP this week:

• Positive Sentiment: BP reported an “exceptional” quarter for its oil trading business as Middle East tensions (Iran-related) drove price volatility, boosting trading profits and near-term cash generation — a clear earnings tailwind that supports the share-price move. FT: BP hails ‘exceptional’ quarter for oil traders as Iran war stokes volatility
• Positive Sentiment: Barclays has reiterated a “buy” rating on BP, providing third‑party support for the stock and reinforcing positive investor sentiment around BP’s near-term earnings profile. MarketScreener: BP buy rating from Barclays
• Neutral Sentiment: Bloomberg reports BP’s new CEO is reshaping the company and overhauling the executive ranks — moves that aim to reset strategy but may take time to show results; this creates strategic clarity but introduces execution risk in the near term. Bloomberg: BP’s New CEO Moves to Reshape Company, Overhaul Executive Ranks
• Neutral Sentiment: Reuters says the CEO plans to simplify BP’s structure into clear upstream and downstream units — a common corporate simplification that can improve focus and valuation multiples over time but is unlikely to immediately change cash flow dynamics. Reuters: BP’s new CEO to simplify company structure into upstream, downstream units
• Neutral Sentiment: JPMorgan and Jefferies have both reaffirmed “neutral” ratings on BP, indicating mixed analyst views that temper upside expectations despite strong trading results. MarketScreener: BP JPMorgan is neutral MarketScreener: BP Jefferies neutral
• Negative Sentiment: Analysts warn BP’s recent increase in net debt could push back a return to share buybacks, reducing a key route for shareholder returns and limiting upside from rerated cash-return expectations. This concern is the main near-term headwind for the stock. MSN: BP’s debt boost could dash hopes of return to share buybacks

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.