BP (LON:BP) Stock Rating Upgraded by BNP Paribas Exane

BP (LON:BP) was upgraded by equities research analysts at BNP Paribas Exane from a “neutral” rating to an “outperform” rating in a note issued to investors on Friday, MarketBeat reports.

BP has been the topic of several other reports. Morgan Stanley upgraded shares of BP to an “overweight” rating in a research report on Wednesday, March 25th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of BP in a research report on Tuesday, April 14th. The Goldman Sachs Group reiterated a “buy” rating on shares of BP in a research report on Thursday, March 26th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 650 price objective on shares of BP in a research report on Wednesday. Finally, Berenberg Bank reiterated a “buy” rating on shares of BP in a research report on Thursday, April 2nd. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 559.

BP Price Performance

BP stock opened at GBX 541 on Friday. 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 1.26 and a debt-to-equity ratio of 136.71. The firm’s 50-day simple moving average is GBX 526.65 and its 200 day simple moving average is GBX 470.94. The firm has a market capitalization of £105.29 billion, a PE ratio of 40.41, a P/E/G ratio of 0.35 and a beta of 0.06.

Insiders Place Their Bets

In other news, insider Carol Howle bought 65 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was purchased at an average price of GBX 478 per share, with a total value of £310.70. Over the last three months, insiders have bought 142 shares of company stock valued at $70,530. Insiders own 0.26% of the company’s stock.

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.