Zacks Research Issues Positive Outlook for BP Earnings

Key Points

• Zacks Research has increased its Q1 2026 EPS estimate for BP to $0.58 per share, up from $0.57, with a full-year consensus of $3.53 per share.
• BP's stock received positive ratings, with Berenberg Bank upgrading it to a "strong-buy" rating and a average target price of $42.14.
• The company recently announced a quarterly dividend increase to $0.4942 per share, reflecting a yield of 5.9% and a significantly high payout ratio of 942.86%.

BP p.l.c. (NYSE:BP - Free Report) - Equities research analysts at Zacks Research boosted their Q1 2026 EPS estimates for BP in a research report issued to clients and investors on Wednesday, October 8th. Zacks Research analyst Team now forecasts that the oil and gas exploration company will post earnings of $0.58 per share for the quarter, up from their prior estimate of $0.57. The consensus estimate for BP's current full-year earnings is $3.53 per share. Zacks Research also issued estimates for BP's Q4 2026 earnings at $0.73 EPS and Q2 2027 earnings at $0.83 EPS.

Several other equities research analysts have also recently weighed in on the stock. Berenberg Bank raised shares of BP from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 7th. Melius assumed coverage on shares of BP in a research report on Wednesday, August 20th. They set a "buy" rating and a $66.00 price objective for the company. Scotiabank reaffirmed an "outperform" rating on shares of BP in a research report on Thursday. Piper Sandler upped their price objective 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 BP from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $42.14.

BP Trading Down 2.3%

BP opened at $33.52 on Monday. BP has a twelve month low of $25.22 and a twelve month high of $35.88. The company has a 50-day simple moving average of $34.40 and a 200 day simple moving average of $31.56. 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 stock has a market capitalization of $88.27 billion, a price-to-earnings ratio of 159.61, a P/E/G ratio of 1.98 and a beta of 0.54.

BP (NYSE:BP - Get Free Report) last announced its earnings results on Tuesday, August 5th. The oil and gas exploration company reported $0.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.22. BP had a net margin of 0.29% and a return on equity of 9.08%. The company had revenue of $46.63 billion during the quarter, compared to analysts' expectations of $42.88 billion. During the same quarter in the previous year, the business posted $1.00 earnings per share. BP's quarterly revenue was down 1.4% on a year-over-year basis.

BP Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 15th were paid a dividend of $0.4942 per share. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from BP's previous quarterly dividend of $0.48. This represents a $1.98 annualized dividend and a yield of 5.9%. BP's payout ratio is presently 942.86%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in shares of BP by 486.9% in the first quarter. Bank of New York Mellon Corp now owns 2,787,644 shares of the oil and gas exploration company's stock valued at $94,195,000 after buying an additional 2,312,687 shares during the period. Kornitzer Capital Management Inc. KS increased its stake in shares of BP by 1.6% in the second quarter. Kornitzer Capital Management Inc. KS now owns 485,409 shares of the oil and gas exploration company's stock valued at $14,528,000 after buying an additional 7,645 shares during the period. Wedge Capital Management L L P NC increased its stake in shares of BP by 4.3% in the second quarter. Wedge Capital Management L L P NC now owns 465,269 shares of the oil and gas exploration company's stock valued at $13,926,000 after buying an additional 19,279 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in shares of BP by 30.2% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 444,530 shares of the oil and gas exploration company's stock valued at $15,020,000 after buying an additional 103,100 shares during the period. Finally, Gabelli Funds LLC increased its stake in shares of BP by 2.5% in the first quarter. Gabelli Funds LLC now owns 358,800 shares of the oil and gas exploration company's stock valued at $12,124,000 after buying an additional 8,700 shares during the period. Institutional investors and hedge funds own 11.01% of the company's stock.

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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