BP p.l.c. (NYSE:BP) is one of the best 52-week high stocks to invest in, according to short sellers. On May 18, Reuters reported BP p.l.c. (NYSE:BP) is struggling to reach an agreement with union leaders at the Whiting, Indiana, oil refinery.

The stalemate has resulted in 800 workers at the 440,000-barrel-per-day refinery being locked out since March 19, as negotiations have failed to produce labor contracts. The oil major insists talks can only continue on the remaining place of the lockout. On the other hand, steelworkers accuse the company of being unwilling to end the lockout unless workers accept its demands. BP has resorted to running the refinery, the largest in the US Midwest, with contract workers during the lockout.

Earlier analysts at Argus upgraded the stock to a Buy from a Hold with a $50 price target. The upgrade is in response to the company’s solid first-quarter results, in which adjusted net income came in at $3.19 billion, or $1.24 a share, compared to $1.381 billion, or $0.53 a share, delivered the same quarter last year. The results beat the research firm’s estimate of $1.14 a share, driven by higher upstream production, stronger refining margins, and a strong oil-trading contribution.

BP p.l.c. (NYSE:BP) is a British multinational integrated energy company. It operates globally in 72 countries, exploring for and producing oil and gas, refining them into transportation fuels and lubricants (e.g., Castrol), trading energy commodities, and investing in low-carbon energy solutions like EV charging, hydrogen, and bioenergy.