Positive Report for BP p.l.c. (BP) from RBC Capital

BP p.l.c. received a Buy rating and a £7.00 price target from RBC Capital analyst Biraj Borkhataria today.

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According to TipRanks, Borkhataria is a 4-star analyst with an average return of 4.6% and a 58.41% success rate. Borkhataria covers the Energy sector, focusing on stocks such as TotalEnergies SE, BP p.l.c., and Chevron.

In addition to RBC Capital, BP p.l.c. also received a Buy from UBS’s Joshua Stone in a report issued on May 8. However, on the same day, Bank of America Securities reiterated a Sell rating on BP p.l.c. (LSE: BP).

Based on BP p.l.c.’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of p51.14 billion and a net profit of p3.76 billion. In comparison, last year the company earned a revenue of p46.91 billion and had a net profit of p687 million

Based on the recent corporate insider activity of 20 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.