BP (LON:BP) Given “Neutral” Rating at JPMorgan Chase & Co.

BP (LON:BP – Get Free Report)‘s stock had its “neutral” rating reissued by investment analysts at JPMorgan Chase & Co. in a research note issued on Friday,MarketScreener reports.

Several other equities research analysts have also recently issued reports on BP. The Goldman Sachs Group reissued a “buy” rating on shares of BP in a research note on Wednesday, April 29th. Morgan Stanley upgraded BP to an “overweight” rating in a report on Wednesday, March 25th. UBS Group restated a “buy” rating on shares of BP in a report on Friday, May 8th. BNP Paribas Exane raised shares of BP from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Finally, Barclays reaffirmed a “buy” rating on shares of BP in a research note on Tuesday, May 26th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 635.

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BP Price Performance

Shares of LON:BP traded down GBX 0.80 during midday trading on Friday, hitting GBX 544.70. The company had a trading volume of 19,547,230 shares, compared to its average volume of 8,560,774. BP has a twelve month low of GBX 379.70 and a twelve month high of GBX 562.30. The stock has a market cap of £106.01 billion, a price-to-earnings ratio of 40.69, a price-to-earnings-growth ratio of 0.35 and a beta of 0.06. The company has a debt-to-equity ratio of 132.55, a current ratio of 1.22 and a quick ratio of 0.62. The business’s 50-day simple moving average is GBX 562.27 and its 200-day simple moving average is GBX 497.25.

Insider Transactions at BP

In other BP news, insider Carol Howle purchased 62 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was bought at an average price of GBX 510 per share, with a total value of £316.20. In the last quarter, insiders have purchased 77 shares of company stock worth $39,750. 0.26% of the stock is owned by corporate insiders.

About BP

(Get Free Report)

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.

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