Zacks Research Has Positive Forecast for BP Q2 Earnings

Key Points

• Zacks Research has upgraded its Q2 2026 earnings per share estimate for BP to $0.72, reflecting a positive outlook for the oil company.
• BP has recently increased its quarterly dividend to $0.4942, corresponding to a 5.8% yield, indicating a positive change in shareholder returns.
• Analyst ratings for BP are mixed, with three analysts giving a Strong Buy rating and others issuing both upgrades and downgrades, reflecting varying market sentiments.

BP p.l.c. (NYSE:BP - Free Report) - Stock analysts at Zacks Research raised their Q2 2026 earnings per share (EPS) estimates for BP in a research note issued to investors on Thursday, September 4th. Zacks Research analyst Team now anticipates that the oil and gas exploration company will post earnings of $0.72 per share for the quarter, up from their prior estimate of $0.71. 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 $2.72 EPS, Q1 2027 earnings at $0.69 EPS, Q2 2027 earnings at $0.84 EPS and FY2027 earnings at $3.22 EPS.

A number of other equities research analysts also recently commented on the company. Morgan Stanley downgraded BP from an "equal weight" rating to an "underweight" rating and set a $26.50 target price on the stock. in a research report on Monday, May 12th. DZ Bank upgraded BP from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. TD Cowen lifted their target price on BP from $34.00 to $37.00 and gave the stock a "hold" rating in a report on Wednesday, August 6th. Berenberg Bank upgraded BP from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 7th. Finally, Jefferies Financial Group set a $29.00 target price on BP and gave the stock a "hold" rating in a report on Monday, May 19th. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, BP presently has an average rating of "Moderate Buy" and a consensus price target of $41.77.

BP Price Performance

NYSE:BP opened at $33.94 on Monday. The company has a current ratio of 1.21, a quick ratio of 0.92 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $89.51 billion, a P/E ratio of 161.60, a P/E/G ratio of 1.78 and a beta of 0.61. BP has a 12 month low of $25.22 and a 12 month high of $35.54. The business's 50-day moving average is $33.05 and its 200 day moving average is $31.34.

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 analysts' consensus estimates of $0.68 by $0.22. The company had revenue of $46.63 billion for the quarter, compared to the consensus estimate of $42.88 billion. BP had a return on equity of 9.08% and a net margin of 0.29%.The firm's revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.00 earnings per share.

Hedge Funds Weigh In On BP

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BP. Bank of New York Mellon Corp raised its stake in BP by 486.9% in the 1st quarter. Bank of New York Mellon Corp now owns 2,787,644 shares of the oil and gas exploration company's stock worth $94,195,000 after acquiring an additional 2,312,687 shares during the last quarter. GAMMA Investing LLC grew its position in BP by 5,751.4% during the 1st quarter. GAMMA Investing LLC now owns 207,606 shares of the oil and gas exploration company's stock worth $7,015,000 after purchasing an additional 204,058 shares during the period. Baird Financial Group Inc. grew its position in BP by 206.0% during the 2nd quarter. Baird Financial Group Inc. now owns 252,849 shares of the oil and gas exploration company's stock worth $7,568,000 after purchasing an additional 170,221 shares during the period. Teachers Retirement System of The State of Kentucky grew its position in BP by 30.2% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 444,530 shares of the oil and gas exploration company's stock worth $15,020,000 after purchasing an additional 103,100 shares during the period. Finally, Meritage Portfolio Management grew its position in BP by 54.7% during the 1st quarter. Meritage Portfolio Management now owns 163,147 shares of the oil and gas exploration company's stock worth $5,513,000 after purchasing an additional 57,719 shares during the period. Hedge funds and other institutional investors own 11.01% of the company's stock.

BP Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 15th will be paid a $0.4942 dividend. This is a positive change from BP's previous quarterly dividend of $0.48. The ex-dividend date is Friday, August 15th. This represents a $1.98 dividend on an annualized basis and a yield of 5.8%. BP's dividend payout ratio (DPR) is 942.86%.

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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