BP Stock Far From a Safe Bet Despite Analyst Optimism

In the spring, British multinational oil and gas giant BP PLC (NYSE:BP) was teetering. Walloped by an oil price war, slammed by a precipitous drop in demand thanks to the novel coronavirus pandemic, then caught up in a stock market crash, BP stock fell off a cliff. Source: JuliusKielaitis / Shutterstock.com After a brief post-crash bounce, BP shares continued to slide through the spring, summer, and fall. By the end of October, they dropped lower than at the worst of the March market...