Brokers Set Expectations for BP's Q2 Earnings (NYSE:BP)

Key Points

• Analysts at Zacks Research have raised their Q2 2026 earnings per share estimate for BP to $0.73, up from $0.72, with a full-year EPS consensus estimate of $3.53.
• BP's stock has a current market capitalization of $90.30 billion with a price-to-earnings ratio of 163.29 and a price target consensus of $42.14.
• The company recently announced a quarterly dividend increase to $0.4942 per share, reflecting a 5.8% dividend yield, despite a high dividend payout ratio of 942.86%.

BP p.l.c. (NYSE:BP - Free Report) - Analysts at Zacks Research boosted their Q2 2026 EPS estimates for BP in a report released on Wednesday, October 8th. Zacks Research analyst Team now forecasts that the oil and gas exploration company will post earnings of $0.73 per share for the quarter, up from their previous estimate of $0.72. The consensus estimate for BP's current full-year earnings is $3.53 per share. Zacks Research also issued estimates for BP's FY2026 earnings at $2.77 EPS and FY2027 earnings at $3.24 EPS.

BP has been the subject of a number of other research reports. Piper Sandler raised their price objective on shares of BP from $35.00 to $38.00 and gave the stock a "neutral" rating in a report on Monday, August 18th. Raymond James Financial increased their price objective on BP from $36.00 to $40.00 and gave the company an "outperform" rating in a report on Thursday, September 25th. Weiss Ratings restated a "hold (c-)" rating on shares of BP in a research note on Wednesday. DZ Bank raised BP from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Finally, TD Cowen increased their target price on shares of BP from $34.00 to $37.00 and gave the stock a "hold" rating in a research report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.14.

BP Stock Down 0.7%

Shares of NYSE:BP opened at $34.29 on Friday. The company has a market capitalization of $90.30 billion, a PE ratio of 163.29, a price-to-earnings-growth ratio of 2.04 and a beta of 0.54. BP has a 1 year low of $25.22 and a 1 year high of $35.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.21 and a quick ratio of 0.92. The business has a fifty day moving average price of $34.37 and a two-hundred day moving average price of $31.60.

BP (NYSE:BP - Get Free Report) last posted its earnings results 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 for the quarter, compared to analysts' expectations of $42.88 billion. BP had a net margin of 0.29% and a return on equity of 9.08%. The company's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.00 EPS.

BP Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, August 15th were given a dividend of $0.4942 per share. This is an increase from BP's previous quarterly dividend of $0.48. The ex-dividend date was Friday, August 15th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 5.8%. BP's dividend payout ratio (DPR) is presently 942.86%.

Hedge Funds Weigh In On BP

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Heartwood Wealth Advisors LLC bought a new position in shares of BP in the third quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of BP in the 2nd quarter valued at about $27,000. Cary Street Partners Investment Advisory LLC boosted its stake in shares of BP by 2,250.0% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 940 shares of the oil and gas exploration company's stock valued at $32,000 after purchasing an additional 900 shares during the period. Missouri Trust & Investment Co increased its position in shares of BP by 400.0% in the first quarter. Missouri Trust & Investment Co now owns 1,000 shares of the oil and gas exploration company's stock valued at $34,000 after acquiring an additional 800 shares during the period. Finally, GW&K Investment Management LLC lifted its holdings in BP by 178.0% in the 1st quarter. GW&K Investment Management LLC now owns 1,034 shares of the oil and gas exploration company's stock worth $35,000 after buying an additional 662 shares during the period. 11.01% of the stock is currently owned by hedge funds and other institutional investors.

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.

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