Zacks Research Weighs in on BP’s FY2025 Earnings (NYSE:BP)

BP p.l.c. (NYSE:BP) – Analysts at Zacks Research upped their FY2025 earnings estimates for shares of BP in a research note issued on Tuesday, August 26th. Zacks Research analyst Team now forecasts that the oil and gas exploration company will post earnings of $2.66 per share for the year, up from their previous forecast of $2.57. The consensus estimate for BP’s current full-year earnings is $3.53 per share.

BP (NYSE:BP) last posted its quarterly earnings data on Tuesday, August 5th. The oil and gas exploration company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.68 by $0.22. The firm had revenue of $46.63 billion during the quarter, compared to analyst estimates of $42.88 billion. BP had a net margin of 0.29% and a return on equity of 9.08%. BP’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.00 EPS.

Several other analysts also recently weighed in on BP. Berenberg Bank raised shares of BP from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 7th. Scotiabank raised shares of BP from a “sector perform” rating to a “sector outperform” rating and set a $42.00 target price on the stock in a research report on Thursday, August 14th. Melius started coverage on shares of BP in a research report on Wednesday, August 20th. They set a “buy” rating and a $66.00 target price on the stock. Piper Sandler boosted their target price on shares of BP from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, August 18th. Finally, DZ Bank raised shares of BP from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $41.77.

BP Trading Up 1.3%

NYSE BP opened at $35.34 on Friday. The firm has a market cap of $93.21 billion, a PE ratio of 168.27, a price-to-earnings-growth ratio of 1.83 and a beta of 0.57. BP has a 52 week low of $25.22 and a 52 week high of $35.54. The company has a quick ratio of 0.92, a current ratio of 1.21 and a debt-to-equity ratio of 0.68. The company has a 50 day moving average price of $32.53 and a 200 day moving average price of $31.39.

Institutional Trading of BP

Large investors have recently made changes to their positions in the business. Sunbelt Securities Inc. raised its position in BP by 3.3% during the fourth quarter. Sunbelt Securities Inc. now owns 11,839 shares of the oil and gas exploration company’s stock worth $344,000 after acquiring an additional 380 shares during the period. Parallel Advisors LLC raised its position in BP by 1.3% during the first quarter. Parallel Advisors LLC now owns 31,943 shares of the oil and gas exploration company’s stock worth $1,079,000 after acquiring an additional 397 shares during the period. IHT Wealth Management LLC raised its position in BP by 3.3% during the second quarter. IHT Wealth Management LLC now owns 12,513 shares of the oil and gas exploration company’s stock worth $375,000 after acquiring an additional 398 shares during the period. NBT Bank N A NY raised its position in BP by 4.9% during the first quarter. NBT Bank N A NY now owns 8,558 shares of the oil and gas exploration company’s stock worth $289,000 after acquiring an additional 399 shares during the period. Finally, Great Lakes Advisors LLC raised its position in BP by 6.0% during the first quarter. Great Lakes Advisors LLC now owns 8,022 shares of the oil and gas exploration company’s stock worth $271,000 after acquiring an additional 451 shares during the period. 11.01% of the stock is owned by hedge funds and other institutional investors.

BP Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 15th will be issued a $0.4942 dividend. This is an increase from BP’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.98 annualized dividend and a dividend yield of 5.6%. BP’s payout ratio is currently 942.86%.

About BP

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.