Kepler Capital Remains a Hold on BP p.l.c. (BP)
In a report released on April 23, Bertrand Hodee from Kepler Capital maintained a Hold rating on BP p.l.c., with a price target of p600.00. The company’s shares closed yesterday at p570.30.
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According to TipRanks, Hodee is a 5-star analyst with an average return of 17.8% and a 63.61% success rate. Hodee covers the Energy sector, focusing on stocks such as Technip Energies NV, Shell (UK), and TotalEnergies SE.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for BP p.l.c. with a p591.67 average price target, implying a 3.75% upside from current levels. In a report released on April 22, RBC Capital also maintained a Hold rating on the stock with a £7.00 price target.
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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