BP p.l.c. (NYSE:BP) to Post Q1 2026 Earnings of $1.48 Per Share, Zacks Research Forecasts

BP p.l.c. (NYSE:BP - Free Report) - Research analysts at Zacks Research reduced their Q1 2026 earnings per share (EPS) estimates for shares of BP in a report released on Tuesday, April 9th. Zacks Research analyst R. Department now forecasts that the oil and gas exploration company will post earnings per share of $1.48 for the quarter, down from their prior estimate of $1.57. The consensus estimate for BP's current full-year earnings is $4.93 per share.

BP (NYSE:BP - Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The oil and gas exploration company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.96 by $0.11. BP had a return on equity of 16.00% and a net margin of 7.15%. The business had revenue of $52.14 billion for the quarter, compared to the consensus estimate of $53.14 billion. During the same period last year, the business posted $1.59 EPS. The business's revenue was down 24.7% compared to the same quarter last year.

Other research analysts also recently issued reports about the company. TD Securities boosted their target price on BP from $41.00 to $43.00 and gave the stock a "buy" rating in a research note on Wednesday, February 7th. Erste Group Bank upgraded BP from a "hold" rating to a "buy" rating in a research note on Wednesday, April 3rd. Piper Sandler boosted their target price on BP from $38.00 to $40.00 and gave the stock a "neutral" rating in a research note on Thursday, March 14th. Scotiabank boosted their target price on BP from $41.00 to $45.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, February 7th. Finally, Jefferies Financial Group upgraded BP from a "hold" rating to a "buy" rating and boosted their target price for the stock from $38.60 to $42.30 in a research note on Monday, March 4th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, BP has an average rating of "Hold" and a consensus target price of $42.66.

BP Stock Up 0.3 %

Shares of NYSE:BP traded up $0.13 on Wednesday, reaching $39.42. The company had a trading volume of 13,987,249 shares, compared to its average volume of 8,981,831. BP has a 52-week low of $33.52 and a 52-week high of $40.84. The firm's 50 day simple moving average is $36.72 and its 200-day simple moving average is $36.46. The company has a current ratio of 1.21, a quick ratio of 0.94 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $111.61 billion, a PE ratio of 7.74, a PEG ratio of 1.97 and a beta of 0.68.

BP Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, February 16th were issued a $0.4362 dividend. The ex-dividend date was Thursday, February 15th. This represents a $1.74 annualized dividend and a dividend yield of 4.43%. BP's dividend payout ratio (DPR) is presently 33.79%.

Hedge Funds Weigh In On BP

Institutional investors and hedge funds have recently modified their holdings of the stock. Intrepid Capital Management Inc. acquired a new position in shares of BP in the 2nd quarter valued at about $28,000. Indiana Trust & Investment Management CO acquired a new position in BP in the 3rd quarter worth about $35,000. First United Bank & Trust acquired a new position in BP in the 4th quarter worth about $33,000. Versant Capital Management Inc acquired a new position in BP in the 4th quarter worth about $35,000. Finally, Turim 21 Investimentos Ltda. acquired a new position in BP in the 1st quarter worth about $30,000. Institutional investors and hedge funds own 11.01% of the company's stock.

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.