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BP Downgraded to ‘Sell’, Price Target Maintained at $37
BP Downgraded to ‘Sell’, Price Target Maintained at $37
Sultan Khalid
Thu, February 26, 2026 at 10:31 AM GMT+9 2 min read
In this article:
BP
-0.55%
CL=F
+0.37%
BP p.l.c. (NYSE:BP) is included among the 14 Best LNG Stocks to Buy Now.
BP Downgraded to ‘Sell’, Price Target Maintained at $37
BP p.l.c. (NYSE:BP) is a British multinational company recognized worldwide for quality gasoline, transport fuels, chemicals, and alternative sources of energy such as wind and biofuels.
On February 13, Freedom Finance analyst Sergey Pigarev downgraded BP p.l.c. (NYSE:BP) from ‘Hold’ to ‘Sell’, while keeping its price target on the stock unchanged at $37. The downgrade comes after the analyst viewed the energy giant’s Q4 results as soft. The analyst highlighted that BP suspended its stock buyback program amid the low-priced environment, while any further oil market weakness could weigh ‘materially’ on its earnings.
BP p.l.c. (NYSE:BP) is now the only top-five oil major without a share repurchase program. The unpopular strategic move comes as the company decided to prioritize production growth over shareholder payouts, allowing it to repair its shaky financial footing. BP has also announced to reduce its capital expenditure from $14.5 billion in 2025 to no more than $13.5 billion this year. Moreover, the company has now set a cost-reduction target of $6.5 billion by the end of 2027, up from $5 billion previously.
That said, BP p.l.c. (NYSE:BP) boasts an impressive annual dividend yield of 5.18%, putting it among the 12 Best Crude Oil Stocks to Buy for Dividends.
While we acknowledge the potential of BP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 12 Best Crude Oil Stocks to Buy as Tensions Rise and 10 Best American Oil and Gas Stocks to Buy.
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