BP’s (BP) Neutral Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group restated their neutral rating on shares of BP (LON:BP) in a research report report published on Tuesday morning,MarketScreener reports.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of BP from GBX 520 to GBX 600 and gave the stock a “neutral” rating in a research note on Thursday, April 2nd. The Goldman Sachs Group reiterated a “buy” rating on shares of BP in a report on Thursday, March 26th. Morgan Stanley upgraded shares of BP to an “overweight” rating in a report on Wednesday, March 25th. Berenberg Bank reiterated a “buy” rating on shares of BP in a report on Thursday, April 2nd. Finally, Barclays reiterated a “buy” rating on shares of BP in a report on Tuesday. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 517.

BP Stock Performance

LON BP opened at GBX 565.10 on Tuesday. The firm’s fifty day moving average price is GBX 520.69 and its two-hundred day moving average price is GBX 468.40. The stock has a market cap of £109.98 billion, a PE ratio of 42.21, a PEG ratio of 0.35 and a beta of 0.06. BP has a fifty-two week low of GBX 379.70 and a fifty-two week 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.

Insider Transactions at BP

In other news, insider Carol Howle bought 65 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were acquired at an average price of GBX 478 per share, for a total transaction of £310.70. Insiders have acquired a total of 142 shares of company stock valued at $70,530 in the last quarter. 0.26% of the stock is owned by insiders.

More BP News

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.