BP (LON:BP) Shares Pass Below 200-Day Moving Average - Time to Sell?

BP p.l.c. (LON:BP - Get Free Report)'s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 408.79 ($5.28) and traded as low as GBX 405.65 ($5.24). BP shares last traded at GBX 408.20 ($5.28), with a volume of 43,842,624 shares.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BP. Royal Bank of Canada restated a "sector perform" rating and issued a GBX 480 ($6.20) price target on shares of BP in a report on Thursday, February 20th. Jefferies Financial Group reissued a "buy" rating and set a GBX 540 ($6.98) price objective on shares of BP in a report on Monday, December 16th. Berenberg Bank lowered their target price on BP from GBX 470 ($6.08) to GBX 440 ($5.69) and set a "hold" rating for the company in a report on Friday, November 29th. Finally, JPMorgan Chase & Co. upgraded BP to a "neutral" rating and lifted their price target for the company from GBX 440 ($5.69) to GBX 510 ($6.59) in a report on Thursday, February 20th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 578.33 ($7.48).

BP Price Performance

The company has a quick ratio of 0.62, a current ratio of 1.22 and a debt-to-equity ratio of 105.65. The stock's 50-day simple moving average is GBX 428.50 and its 200 day simple moving average is GBX 408.19. The company has a market cap of £80.47 billion, a price-to-earnings ratio of 30.88, a PEG ratio of 0.35 and a beta of 0.49.

Insider Buying and Selling

In other news, insider Murray Auchincloss purchased 87 shares of the company's stock in a transaction dated Monday, February 10th. The stock was acquired at an average price of GBX 433 ($5.60) per share, for a total transaction of £376.71 ($486.96). Over the last ninety days, insiders have bought 270 shares of company stock worth $112,325. Company 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.