BNP Paribas Exane Upgrades BP (LON:BP) to “Outperform”

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

Several other research firms have also recently commented on BP. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of BP in a research report on Tuesday. UBS Group upgraded shares of BP to a “buy” rating in a research report on Thursday. Morgan Stanley upgraded shares of BP to an “overweight” rating in a report on Wednesday, March 25th. The Goldman Sachs Group reiterated a “buy” rating on shares of BP in a report on Thursday, March 26th. Finally, Barclays reissued a “buy” rating on shares of BP in a research report on Tuesday. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 559.

BP Stock Up 3.9%

Shares of BP stock opened at GBX 584 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. BP has a 52-week low of GBX 379.70 and a 52-week high of GBX 562.30. The company’s 50 day moving average price is GBX 524.35 and its 200-day moving average price is GBX 469.73. The stock has a market capitalization of £113.66 billion, a price-to-earnings ratio of 43.62, a P/E/G ratio of 0.35 and a beta of 0.06.

Insider Activity at BP

In other news, insider Carol Howle bought 62 shares of the stock in a transaction on Tuesday, March 10th. The shares were bought at an average price of GBX 510 per share, with a total value of £316.20. Insiders acquired a total of 142 shares of company stock valued at $70,530 over the last three months. Insiders own 0.26% of the company’s stock.

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.