Research Analysts Set Expectations for BP FY2025 Earnings

BP p.l.c. (NYSE:BP) – Analysts at Scotiabank boosted their FY2025 earnings per share (EPS) estimates for BP in a note issued to investors on Friday, November 28th. Scotiabank analyst P. Cheng now expects that the oil and gas exploration company will post earnings per share of $2.95 for the year, up from their prior forecast of $2.90. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for BP’s current full-year earnings is $3.53 per share.

Several other equities research analysts have also recently weighed in on the stock. BNP Paribas upgraded shares of BP from a “neutral” rating to an “outperform” rating in a research report on Monday, September 15th. Melius Research began coverage on shares of BP in a report on Wednesday, August 20th. They issued a “buy” rating and a $66.00 target price on the stock. Wells Fargo & Company increased their price target on shares of BP from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Wednesday, November 5th. TD Cowen boosted their price objective on BP from $34.00 to $37.00 and gave the stock a “hold” rating in a research note on Wednesday, August 6th. Finally, Santander raised BP to an “outperform” rating in a research note on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $43.14.

BP Stock Up 0.3%

Shares of BP opened at $36.06 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.21 and a quick ratio of 0.92. The stock has a market capitalization of $94.31 billion, a price-to-earnings ratio of 171.70, a price-to-earnings-growth ratio of 1.98 and a beta of 0.50. BP has a 1 year low of $25.22 and a 1 year high of $37.64. The business’s 50 day simple moving average is $35.05 and its 200-day simple moving average is $33.14.

BP (NYSE:BP) last posted its earnings results on Tuesday, November 4th. The oil and gas exploration company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.13. The company had revenue of $48.42 billion for the quarter, compared to the consensus estimate of $43.76 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 up 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.83 earnings per share.

BP Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, November 14th will be paid a $0.4992 dividend. The ex-dividend date is Friday, November 14th. This is a positive change from BP’s previous quarterly dividend of $0.49. This represents a $2.00 dividend on an annualized basis and a yield of 5.5%. BP’s payout ratio is 339.66%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BP. Strategic Advocates LLC bought a new stake in BP during the 3rd quarter valued at about $25,000. Heartwood Wealth Advisors LLC purchased a new position in shares of BP during the third quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of BP during the second quarter valued at approximately $27,000. Cary Street Partners Investment Advisory LLC grew its stake in BP by 2,250.0% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 940 shares of the oil and gas exploration company’s stock worth $32,000 after purchasing an additional 900 shares in the last quarter. Finally, Acima Private Wealth LLC purchased a new position in BP during the 2nd quarter worth $32,000. Hedge funds and other institutional investors 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.