Barclays Sticks to Its Buy Rating for BP p.l.c. (BP)

In a report released today, Lydia Rainforth from Barclays maintained a Buy rating on BP p.l.c., with a price target of £6.50.

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Rainforth covers the Energy sector, focusing on stocks such as Shell (UK), TotalEnergies SE, and BP p.l.c.. According to TipRanks, Rainforth has an average return of 12.5% and a 64.09% success rate on recommended stocks.

In addition to Barclays, BP p.l.c. also received a Buy from Berenberg Bank’s Henry Tarr in a report issued on April 2. However, today, Jefferies maintained a Hold rating on BP p.l.c. (LSE: BP).

Based on BP p.l.c.’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of p47.38 billion and a GAAP net loss of p3.42 billion. In comparison, last year the company earned a revenue of p44.66 billion and had a GAAP net loss of p1.91 billion

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BP in relation to earlier this year.