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BP p.l.c. (NYSE:BP) is included among the 12 Most Undervalued Natural Gas Stocks to Buy Now.
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 April 15, UBS analyst Joshua Stone upgraded BP p.l.c. (NYSE:BP) from ‘Neutral’ to ‘Buy’, while also boosting its price target from £650 to £700. The raised target indicates an upside of over 20% from the current levels.
According to Mr. Stone, BP’s new CEO, Meg O’Neill, “takes over at a critical turning point for the company.” The analyst outlined that the current high-priced environment amid the Middle East conflict is “undoubtedly positive” for the energy giant and there are “plenty of catalysts in 2026”. However, the London-based company still has work to do to regain investor confidence and reverse the decline it has witnessed compared to its peers since 2018.
Joshua Stone highlighted right-sizing the company’s cost base as a key area for BP p.l.c. (NYSE:BP) to focus on, since the company has the highest cost intensity of its peers, with total operating expenses up around $10 billion since 2019. The analyst has suggested potential savings of $3 billion to $6 billion from the current levels.
It needs mentioning that BP p.l.c. (NYSE:BP) is already looking to optimize its operations, with a pledge to slash up to $5 billion in costs and divest $20 billion in assets by 2027.
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.
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