BP p.l.c. (BP) Receives a Buy from Barclays
Barclays analyst Lydia Rainforth maintained a Buy rating on BP p.l.c. today and set a price target of £6.50.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
According to TipRanks, Rainforth is a 5-star analyst with an average return of 11.9% and a 64.41% success rate. Rainforth covers the Energy sector, focusing on stocks such as TotalEnergies SE, BP p.l.c., and Shell (UK).
In addition to Barclays, BP p.l.c. also received a Buy from UBS’s Joshua Stone in a report issued on April 16. However, on April 22, RBC Capital 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.
Read More on GB:BP:
