BP p.l.c. (BP) was upgraded to a Buy Rating at UBS

UBS analyst Joshua Stone upgraded BP p.l.c. to a Buy today and set a price target of £7.00.

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According to TipRanks, Stone is a 4-star analyst with an average return of 7.9% and a 61.90% success rate. Stone covers the Energy sector, focusing on stocks such as Shell (UK), BP p.l.c., and OMV AG.

In addition to UBS, BP p.l.c. also received a Buy from Barclays’s Lydia Rainforth in a report issued on April 14. However, on the same day, 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.