Insider Buying: BP (LON:BP) Insider Purchases £99,236.50 in Stock

BP p.l.c. (LON:BP) insider Ian Tyler purchased 18,043 shares of the company’s stock in a transaction on Tuesday, November 10th. The shares were purchased at an average cost of GBX 550 per share, with a total value of £99,236.50.

BP Trading Down 0.5%

Shares of BP stock traded down GBX 2.70 during trading on Tuesday, reaching GBX 556.70. The company’s stock had a trading volume of 56,336,928 shares, compared to its average volume of 8,560,774. The firm’s 50-day moving average is GBX 576.29 and its two-hundred day moving average is GBX 536.03. The company has a quick ratio of 0.62, a current ratio of 1.29 and a debt-to-equity ratio of 111.97. BP p.l.c. has a 52-week low of GBX 379.70 and a 52-week high of GBX 562.30. The company has a market cap of £108.35 billion, a price-to-earnings ratio of 41.58, a PEG ratio of 0.35 and a beta of 0.06.

Wall Street Analysts Forecast Growth

BP has been the topic of a number of analyst reports. Royal Bank Of Canada restated a “buy” rating on shares of BP in a research report on Thursday, September 24th. JPMorgan Chase & Co. raised shares of BP from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from GBX 550 to GBX 675 in a research note on Wednesday, September 23rd. UBS Group reiterated a “buy” rating on shares of BP in a report on Monday, September 28th. Berenberg Bank upped their target price on shares of BP from GBX 715 to GBX 720 and gave the company a “buy” rating in a research note on Monday, November 2nd. Finally, Jefferies Financial Group reiterated a “hold” rating and set a GBX 520 price target on shares of BP in a research note on Wednesday, October 14th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 653.75.

BP Company Profile

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil. In addition, the company involved in convenience and retail fuel, EV charging, Castrol lubricant, aviation, B2B, and midstream businesses; refining and oil trading; and bioenergy business.