BP p.l.c. (BP) Gets a Hold from RBC Capital
RBC Capital analyst Biraj Borkhataria maintained a Hold rating on BP p.l.c. today and set a price target of £7.00.
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Borkhataria covers the Energy sector, focusing on stocks such as Shell (UK), BP p.l.c., and TotalEnergies SE. According to TipRanks, Borkhataria has an average return of 4.4% and a 57.78% success rate on recommended stocks.
In addition to RBC Capital, BP p.l.c. also received a Hold from J.P. Morgan’s Matthew Lofting in a report issued yesterday. However, on April 16, 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.
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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
