RBC Capital Sticks to Its Hold Rating for BP p.l.c. (BP)
In a report released today, Biraj Borkhataria from RBC Capital maintained a Hold rating on BP p.l.c., with a price target of £7.00.
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According to TipRanks, Borkhataria is a 4-star analyst with an average return of 4.7% and a 58.16% success rate. Borkhataria covers the Energy sector, focusing on stocks such as Shell (UK), TotalEnergies SE, and BP p.l.c..
In addition to RBC Capital, BP p.l.c. also received a Hold from J.P. Morgan’s Matthew Lofting in a report issued today. However, on the same day, UBS maintained a Buy 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.
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