Brokers Issue Forecasts for BP’s FY2025 Earnings (NYSE:BP)

BP p.l.c. (NYSE:BP) – Analysts at Scotiabank raised their FY2025 EPS estimates for BP in a research report issued to clients and investors on Wednesday, March 19th. Scotiabank analyst P. Cheng now anticipates that the oil and gas exploration company will post earnings of $2.95 per share for the year, up from their previous forecast of $2.85. The consensus estimate for BP’s current full-year earnings is $3.53 per share. Scotiabank also issued estimates for BP’s FY2026 earnings at $2.55 EPS.

Several other analysts have also recently commented on BP. JPMorgan Chase & Co. upgraded BP from an “underweight” rating to a “neutral” rating in a report on Thursday, February 20th. Royal Bank of Canada reiterated a “sector perform” rating on shares of BP in a research report on Tuesday, January 14th. Piper Sandler decreased their price objective on BP from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. StockNews.com downgraded shares of BP from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company raised their price objective on shares of BP from $30.00 to $37.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, two have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat, BP currently has an average rating of “Hold” and an average target price of $37.48.

BP Price Performance

Shares of BP opened at $34.29 on Monday. The business has a 50-day simple moving average of $32.82 and a two-hundred day simple moving average of $31.28. BP has a 12-month low of $27.82 and a 12-month high of $40.40. The stock has a market cap of $93.09 billion, a PE ratio of 428.68, a PEG ratio of 1.12 and a beta of 0.58. The company has a quick ratio of 0.97, a current ratio of 1.25 and a debt-to-equity ratio of 0.70.

BP (NYSE:BP) last released its earnings results on Tuesday, February 11th. The oil and gas exploration company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.12). BP had a return on equity of 10.96% and a net margin of 0.20%.

BP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be paid a $0.48 dividend. The ex-dividend date is Friday, February 21st. This represents a $1.92 annualized dividend and a yield of 5.60%. BP’s payout ratio is 2,375.00%.

Hedge Funds Weigh In On BP

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mascagni Wealth Management Inc. purchased a new stake in shares of BP during the 4th quarter worth approximately $33,000. Asset Planning Inc bought a new position in BP during the fourth quarter valued at $40,000. Bank & Trust Co increased its holdings in shares of BP by 404.8% in the 4th quarter. Bank & Trust Co now owns 2,120 shares of the oil and gas exploration company’s stock worth $63,000 after buying an additional 1,700 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of BP by 41.0% in the 4th quarter. Versant Capital Management Inc now owns 2,221 shares of the oil and gas exploration company’s stock valued at $66,000 after acquiring an additional 646 shares during the last quarter. Finally, Anchor Investment Management LLC grew its position in BP by 58.7% in the third quarter. Anchor Investment Management LLC now owns 3,120 shares of the oil and gas exploration company’s stock worth $98,000 after acquiring an additional 1,154 shares in the last quarter. Institutional investors own 11.01% of the company’s stock.

BP Company Profile

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.