J.P. Morgan Remains a Hold on BP p.l.c. (BP)
In a report released today, Matthew Lofting from J.P. Morgan maintained a Hold rating on BP p.l.c., with a price target of £6.00.
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According to TipRanks, Lofting is ranked #9396 out of 12162 analysts.
In addition to J.P. Morgan, BP p.l.c. also received a Hold from TD Cowen’s Jason Gabelman in a report issued on April 16. However, on the same day, UBS upgraded BP p.l.c. (LSE: BP) to a Buy.
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.
Read More on GB:BP:
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- VP JD Vance pauses trip to Pakistan for talks, WSJ reports
- Oil prices rebound after U.S. seizes Iranian ship, CNN reports
- BP upgraded to Outperform from Neutral at BNP Paribas
- BP price target lowered to $44 from $46 at TD Cowen
- BP: Near-Term Trading Tailwinds but Medium-Term Commodity and Earnings Uncertainty Justify Hold
