Equities Analysts Offer Predictions for BP FY2025 Earnings

Key Points

• Zacks Research has increased BP's FY2025 earnings estimate to $2.66 per share, up from a previous estimate of $2.57, while the current full-year earnings consensus stands at $3.53 per share.
• In its latest quarter, BP reported $0.90 earnings per share, surpassing analyst expectations, with revenues of $46.63 billion compared to the anticipated $42.88 billion.
• BP has announced a quarterly dividend of $0.4942 per share, reflecting an annualized dividend yield of 5.6%, which shows an increase from its previous quarterly dividend of $0.48.

BP p.l.c. (NYSE:BP - Free Report) - Equities researchers at Zacks Research upped their FY2025 EPS estimates for shares of BP in a note issued to investors on Tuesday, August 26th. Zacks Research analyst Team now expects that the oil and gas exploration company will post earnings per share of $2.66 for the year, up from their prior forecast of $2.57. The consensus estimate for BP's current full-year earnings is $3.53 per share.

BP has been the topic of a number of other research reports. Scotiabank raised shares of BP from a "sector perform" rating to a "sector outperform" rating and set a $42.00 price target on the stock in a research note on Thursday, August 14th. Melius Research assumed coverage on shares of BP in a research note on Wednesday, August 20th. They issued a "buy" rating and a $66.00 price target on the stock. Jefferies Financial Group set a $29.00 price target on shares of BP and gave the company a "hold" rating in a research note on Monday, May 19th. Melius started coverage on shares of BP in a research note on Wednesday, August 20th. They issued a "buy" rating and a $66.00 price target on the stock. Finally, Wells Fargo & Company lifted their target price 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. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $41.77.

BP Price Performance

BP stock traded down $0.08 during trading on Friday, reaching $35.15. The company had a trading volume of 6,527,228 shares, compared to its average volume of 10,898,335. The firm's 50-day simple moving average is $32.70 and its 200 day simple moving average is $31.35. BP has a 1-year low of $25.22 and a 1-year high of $35.54. The firm has a market capitalization of $92.71 billion, a PE ratio of 167.30, a price-to-earnings-growth ratio of 1.84 and a beta of 0.61. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.92 and a current ratio of 1.21.

BP (NYSE:BP - Get Free Report) last issued its quarterly earnings data 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. BP had a net margin of 0.29% and a return on equity of 9.08%. The business had revenue of $46.63 billion for the quarter, compared to analysts' expectations of $42.88 billion. During the same quarter last year, the company earned $1.00 EPS. The business's revenue was down 1.4% on a year-over-year basis.

BP Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 15th will be given a $0.4942 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.98 annualized dividend and a yield of 5.6%. This is an increase from BP's previous quarterly dividend of $0.48. BP's dividend payout ratio is presently 942.86%.

Hedge Funds Weigh In On BP

Institutional investors have recently bought and sold shares of the company. Anchor Investment Management LLC grew its position in shares of BP by 60.7% during the second quarter. Anchor Investment Management LLC now owns 8,134 shares of the oil and gas exploration company's stock worth $243,000 after buying an additional 3,072 shares in the last quarter. Rexford Capital Inc. purchased a new stake in BP in the second quarter valued at approximately $209,000. WFA of San Diego LLC acquired a new stake in shares of BP during the second quarter worth $46,000. IHT Wealth Management LLC lifted its holdings in shares of BP by 3.3% during the second quarter. IHT Wealth Management LLC now owns 12,513 shares of the oil and gas exploration company's stock worth $375,000 after purchasing an additional 398 shares during the period. Finally, Bollard Group LLC lifted its holdings in shares of BP by 12.7% during the second quarter. Bollard Group LLC now owns 337,724 shares of the oil and gas exploration company's stock worth $10,108,000 after purchasing an additional 37,974 shares during the period. 11.01% of the stock is owned by institutional investors and hedge funds.

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.