BP (LON:BP) Stock Crosses Above 50-Day Moving Average – What’s Next?

BP p.l.c. (LON:BP)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 404.57 ($5.00) and traded as high as GBX 435.50 ($5.38). BP shares last traded at GBX 433.25 ($5.35), with a volume of 23,160,306 shares traded.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group restated a “buy” rating and issued a GBX 540 ($6.67) target price on shares of BP in a report on Monday, December 16th. Berenberg Bank dropped their target price on BP from GBX 470 ($5.81) to GBX 440 ($5.44) and set a “hold” rating on the stock in a report on Friday, November 29th. Finally, JPMorgan Chase & Co. lifted their target price on BP from GBX 425 ($5.25) to GBX 440 ($5.44) and gave the company an “underweight” rating in a research report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 595 ($7.35).

BP Trading Up 1.0 %

The company has a debt-to-equity ratio of 79.91, a current ratio of 1.24 and a quick ratio of 0.62. The company has a market capitalization of £68.67 billion, a P/E ratio of 1,312.88, a price-to-earnings-growth ratio of 0.35 and a beta of 0.49. The firm has a fifty day moving average price of GBX 404.57 and a 200-day moving average price of GBX 407.93.

Insider Activity

In other news, insider Murray Auchincloss acquired 95 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were acquired at an average price of GBX 394 ($4.87) per share, for a total transaction of £374.30 ($462.56). Insiders own 0.26% of the company’s stock.

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.