BP (LON:BP) Shares Cross Below 200-Day Moving Average - Here's What Happened

BP p.l.c. (LON:BP - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 397.16 ($5.39) and traded as low as GBX 376.55 ($5.11). BP shares last traded at GBX 380.70 ($5.17), with a volume of 28,193,311 shares changing hands.Analyst Upgrades and DowngradesA number of analysts have recently commented on BP shares. JPMorgan Chase & Co. upgraded BP to a "neutral" rating and boosted their price objective for the company from GBX 440 ($5.97) to GBX 510 ($6.92) in a research report on Thursday, February 20th. Royal Bank of Canada restated a "sector perform" rating and issued a GBX 480 ($6.51) price objective on shares of BP in a research report on Thursday, February 20th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of GBX 494 ($6.70).Get Our Latest Stock Analysis on BPBP Trading Up 1.5%The firm has a market cap of £75.19 billion, a PE ratio of 28.86, a P/E/G ratio of 0.35 and a beta of 0.49. The company has a current ratio of 1.22, a quick ratio of 0.62 and a debt-to-equity ratio of 105.65. The business has a fifty day moving average price of GBX 359.16 and a 200 day moving average price of GBX 397.16. Insider ActivityIn related news, insider Hina Nagarajan purchased 5,000 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The shares were purchased at an average price of GBX 348 ($4.72) per share, for a total transaction of £17,400 ($23,609.23). Also, insider Murray Auchincloss sold 336,621 shares of BP stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of GBX 359 ($4.87), for a total value of £1,208,469.39 ($1,639,714.23). In the last 90 days, insiders have acquired 5,222 shares of company stock worth $1,818,107. 0.26% of the stock is currently owned by insiders. About BP (Get Free Report)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.See AlsoFive stocks we like better than BPValue Investing: Is it a Good Strategy in 2022? Hint: AlwaysIBM Up 10 Days in a Row: What’s Driving the Winning Streak?What Are Earnings Reports?Upstart Stock’s Bull Case Just Got a Lot StrongerHow to Invest in Insurance Companies: A Guide Higher Gulf Oil Output Puts These Energy Names in PlayThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in BP Right Now?Before you consider BP, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BP wasn't on the list.While BP currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here