BP (LON:BP) Shares Pass Below Two Hundred Day Moving Average - What's Next?

BP p.l.c. (LON:BP - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 403.80 ($5.38) and traded as low as GBX 360 ($4.79). BP shares last traded at GBX 362.20 ($4.82), with a volume of 35,993,814 shares changing hands.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. upgraded shares of BP to a "neutral" rating and upped their price target for the company from GBX 440 ($5.86) to GBX 510 ($6.79) in a research report on Thursday, February 20th. Royal Bank of Canada restated a "sector perform" rating and issued a GBX 480 ($6.39) price objective on shares of BP in a report on Thursday, February 20th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of GBX 494 ($6.58).

BP Stock Performance

The stock has a market capitalization of £70.93 billion, a price-to-earnings ratio of 27.22, a price-to-earnings-growth ratio of 0.35 and a beta of 0.49. The company has a 50 day simple moving average of GBX 405.74 and a 200-day simple moving average of GBX 403.80. The company has a quick ratio of 0.62, a current ratio of 1.22 and a debt-to-equity ratio of 105.65.

Insider Activity at BP

In other BP news, insider Murray Auchincloss bought 113 shares of the stock in a transaction dated Thursday, April 10th. The shares were bought at an average cost of GBX 333 ($4.43) per share, for a total transaction of £376.29 ($501.05). In the last 90 days, insiders acquired 205 shares of company stock valued at $77,365. 0.26% of the stock is owned by company insiders.

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.

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