What is Scotiabank's Forecast for BP FY2025 Earnings?

BP p.l.c. (NYSE:BP - Free Report) - Stock analysts at Scotiabank lifted their FY2025 EPS estimates for BP in a report released on Tuesday, July 15th. Scotiabank analyst P. Cheng now forecasts that the oil and gas exploration company will post earnings per share of $2.15 for the year, up from their previous estimate of $1.90. Scotiabank has a "Sector Perform" rating and a $34.00 price objective on the stock. The consensus estimate for BP's current full-year earnings is $3.53 per share.

BP (NYSE:BP - Get Free Report) last posted its earnings results on Tuesday, April 29th. The oil and gas exploration company reported $0.53 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.03). BP had a positive return on equity of 9.51% and a negative net margin of 0.62%. The business had revenue of $46.91 billion during the quarter, compared to the consensus estimate of $40.12 billion. During the same quarter last year, the firm earned $0.97 earnings per share. The business's quarterly revenue was down 4.0% on a year-over-year basis.

Several other research analysts have also commented on BP. Morgan Stanley lowered shares of BP from an "equal weight" rating to an "underweight" rating and set a $26.50 price objective for the company. in a research note on Monday, May 12th. Piper Sandler boosted their price objective on shares of BP from $32.00 to $35.00 and gave the stock a "neutral" rating in a research note on Tuesday. Wells Fargo & Company boosted their price objective on shares of BP from $27.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 26th. UBS Group lowered shares of BP from a "buy" rating to a "neutral" rating in a research note on Thursday, April 10th. Finally, Jefferies Financial Group set a $29.00 price objective on shares of BP and gave the stock a "hold" rating in a research note on Monday, May 19th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, two have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $35.50.

BP Trading Down 0.2%

BP stock traded down $0.08 during trading hours on Friday, hitting $32.01. The company had a trading volume of 6,224,060 shares, compared to its average volume of 10,258,565. The firm has a market cap of $86.02 billion, a P/E ratio of -69.59, a P/E/G ratio of 1.95 and a beta of 0.54. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.92 and a current ratio of 1.22. BP has a 1 year low of $25.22 and a 1 year high of $35.61. The company has a 50-day moving average price of $30.39 and a two-hundred day moving average price of $30.95.

Hedge Funds Weigh In On BP

Large investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. boosted its holdings in shares of BP by 3.3% in the fourth quarter. Sunbelt Securities Inc. now owns 11,839 shares of the oil and gas exploration company's stock worth $344,000 after buying an additional 380 shares during the period. Parallel Advisors LLC boosted its holdings in shares of BP by 1.3% in 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 buying an additional 397 shares during the period. NBT Bank N A NY boosted its holdings in shares of BP by 4.9% in 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 buying an additional 399 shares during the period. Great Lakes Advisors LLC boosted its holdings in shares of BP by 6.0% in 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 buying an additional 451 shares during the period. Finally, Bank & Trust Co boosted its holdings in shares of BP by 24.9% in the first quarter. Bank & Trust Co now owns 2,648 shares of the oil and gas exploration company's stock worth $89,000 after buying an additional 528 shares during the period. Institutional investors and hedge funds own 11.01% of the company's stock.

BP Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 16th were issued a $0.48 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 6.00%. BP's dividend payout ratio (DPR) is presently -413.04%.

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.