BP (LON:BP) Earns Buy Rating from Barclays

BP (LON:BP)‘s stock had its “buy” rating reissued by investment analysts at Barclays in a report released on Friday,MarketScreener reports.

A number of other analysts also recently issued reports on the stock. BNP Paribas Exane upgraded shares of BP from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. The Goldman Sachs Group reissued a “buy” rating on shares of BP in a report on Thursday, March 26th. Morgan Stanley upgraded BP to an “overweight” rating in a research report on Wednesday, March 25th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of BP in a report on Tuesday, April 14th. Finally, Royal Bank Of Canada reiterated a “neutral” rating on shares of BP in a research report on Wednesday. Seven investment 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 company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 559.

BP Price Performance

BP stock opened at GBX 571.80 on Friday. The company has a debt-to-equity ratio of 136.71, a quick ratio of 0.62 and a current ratio of 1.26. The company’s fifty day moving average price is GBX 536.04 and its 200-day moving average price is GBX 475.64. BP has a one year low of GBX 379.70 and a one year high of GBX 562.30. The company has a market capitalization of £111.29 billion, a PE ratio of 42.71, a price-to-earnings-growth ratio of 0.35 and a beta of 0.06.

Insider Activity

In other news, insider Carol Howle bought 62 shares of the stock in a transaction dated Tuesday, March 10th. The stock was purchased at an average price of GBX 510 per share, for a total transaction of £316.20. In the last three months, insiders have bought 142 shares of company stock valued at $70,530. 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.