RBC Capital Reiterates a Hold Rating on BP p.l.c. (BP), Sets a £4.50 Price Target

BP p.l.c. (NYSE:BP) is one of the best cheap stocks under $50 to buy now. On July 16, RBC Capital analyst Biraj Borkhataria maintained a Hold rating on BP p.l.c. (NYSE:BP) and set a price target of £4.50.

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Workers in hard hats and safety gear processing oil and gas in a US refinery.

BP p.l.c. (NYSE:BP) reported $1.4 billion in underlying replacement cost profit in fiscal Q1 2025, compared to $1.2 billion in the previous quarter.

Operating cash flow for the quarter reached $2.8 billion, including a working capital build of $3.4 billion and around $4.6 billion lower than the previous quarter.

The drop reflects the effects of seasonal inventory and the timing of a number of payments, including payments related to low-carbon assets held for sale and annual bonus payments.

BP p.l.c. (NYSE:BP) also reported $27.0 billion net debt at the end of fiscal Q1 2025, driven primarily by lower operating cash flow.

Headquartered in London, United Kingdom, BP p.l.c. (NYSE:BP) is an integrated oil and gas company that provides carbon products and services. Its operations are divided into the Gas and Low Carbon Energy, Oil Production and Operations, and Customers and Products segments.

While we acknowledge the potential of BP to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BP and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.