BP’s (BP) Neutral Rating Reaffirmed at Royal Bank Of Canada

Royal Bank Of Canada restated their neutral rating on shares of BP (LON:BP) in a research report released on Wednesday morning,MarketScreener reports.

A number of other research firms have also commented on BP. Morgan Stanley upgraded BP to an “overweight” rating in a research note on Wednesday, March 25th. Jefferies Financial Group restated a “hold” rating and set a GBX 650 price objective on shares of BP in a research note on Wednesday, April 15th. BNP Paribas Exane upgraded BP from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Barclays reiterated a “buy” rating on shares of BP in a research note on Tuesday, April 14th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of BP in a research note on Tuesday, April 14th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 559.

BP Price Performance

BP stock opened at GBX 563.40 on Wednesday. The stock’s fifty day moving average price is GBX 531.80 and its two-hundred day moving average price is GBX 473.64. 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 firm has a market cap of £109.65 billion, a PE ratio of 42.08, a price-to-earnings-growth ratio of 0.35 and a beta of 0.06.

Insider Activity

In other BP news, insider Carol Howle purchased 65 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were bought at an average price of GBX 478 per share, for a total transaction of £310.70. In the last 90 days, insiders acquired 142 shares of company stock valued at $70,530. Company insiders own 0.26% of the company’s stock.

Trending Headlines about BP

Here are the key news stories impacting BP this week:

• Positive Sentiment: Analyst upgrade: BNP Paribas upgraded BP to Outperform (citing stronger oil-price outlook and integrated-exposure benefits), which supports bullish investor sentiment and helped momentum. BP Stock Gets Upgraded As Energy Sentiment Turns Higher
• Positive Sentiment: Potential upstream growth: Gabon’s energy minister said production-sharing contracts with BP (and Exxon) could be agreed within six months — this implies near-term upstream opportunity and reserves growth if deals materialize. Gabon energy minister eyes production-sharing contracts with BP, Exxon within six months
• Positive Sentiment: Shareholder backing for chairman: several top shareholders have signaled support for Chairman Albert Manifold ahead of the AGM, reducing the immediate risk of a governance shake-up and helping stability. BP chairman Albert Manifold has backing of top shareholders prior to agm
• Neutral Sentiment: Broker stance mixed: Royal Bank of Canada reaffirmed a Neutral rating on BP, tempering the impact of the BNP Paribas upgrade and leaving consensus views mixed. BP: RBC is Neutral
• Neutral Sentiment: Strategy coverage: commentary on new CEO Meg O’Neill’s strategy outlines priorities (capital allocation, transition positioning) — useful for longer-term positioning but not an immediate catalyst. What is bp’s New CEO Meg O’Neill’s Strategy for the Firm?
• Negative Sentiment: Institutional opposition: UK pensions investor Nest will oppose the chair’s re-election, signaling governance discontent among some key investors and raising the chance of a contentious AGM vote. UK pension investor Nest to oppose BP Chair’s re-election
• Negative Sentiment: Shareholder backlash / proxy risk: coverage highlights a looming shareholder vote and organized opposition despite the stock’s strong multi-year gains — governance angst could create volatility and distract management. BP’s Chairman Gets More Support as He Faces Shareholder Backlash
• Negative Sentiment: Safety incident: at least three people were hurt in an incident at BP’s Cherry Point refinery (WA). Operational or safety disruptions and possible regulatory scrutiny pose short-term risk. 3 hurt in incident at BP Cherry Point refinery in WA
• Negative Sentiment: Reputational reminder: media coverage marking the Gulf Coast spill anniversary can revive reputational risk narratives; this is more sentiment-driven than a direct financial hit but could influence ESG-focused investors. Gulf Coast marks 16 years since BP oil spill

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.