Zacks Research Comments on BP’s Q3 Earnings (NYSE:BP)

BP p.l.c. (NYSE:BP) – Investment analysts at Zacks Research lowered their Q3 2026 EPS estimates for BP in a research note issued on Thursday, September 4th. Zacks Research analyst Team now forecasts that the oil and gas exploration company will earn $0.73 per share for the quarter, down from their previous forecast of $0.74. The consensus estimate for BP’s current full-year earnings is $3.53 per share.

BP (NYSE:BP) last posted its quarterly earnings results on Tuesday, August 5th. The oil and gas exploration company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.22. BP had a net margin of 0.29% and a return on equity of 9.08%. The firm had revenue of $46.63 billion during the quarter, compared to analyst estimates of $42.88 billion. During the same quarter in the prior year, the business posted $1.00 earnings per share. The company’s quarterly revenue was down 1.4% compared to the same quarter last year.

Several other research firms have also weighed in on BP. Wells Fargo & Company raised their price objective on shares of BP from $27.00 to $32.00 and gave the stock an “equal weight” rating in a report on Thursday, June 26th. 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 report on Monday, May 12th. Scotiabank raised shares of BP from a “sector perform” rating to a “sector outperform” rating and set a $42.00 price objective for the company in a report on Thursday, August 14th. Melius Research began coverage on shares of BP in a report on Wednesday, August 20th. They set a “buy” rating and a $66.00 price objective for the company. Finally, Piper Sandler raised their price objective on shares of BP from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Monday, August 18th. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $41.77.

BP Stock Performance

NYSE BP opened at $33.94 on Friday. The firm has a market cap of $89.51 billion, a price-to-earnings ratio of 161.60, a PEG ratio of 1.80 and a beta of 0.61. The company has a 50 day moving average of $33.05 and a 200-day moving average of $31.38. The company has a current ratio of 1.21, a quick ratio of 0.92 and a debt-to-equity ratio of 0.68. BP has a 1-year low of $25.22 and a 1-year high of $35.54.

Institutional Trading of BP

Institutional investors have recently bought and sold shares of the business. Twin Peaks Wealth Advisors LLC bought a new position in shares of BP during the second quarter worth $27,000. Cary Street Partners Investment Advisory LLC lifted its position in BP by 2,250.0% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 940 shares of the oil and gas exploration company’s stock worth $32,000 after buying an additional 900 shares in the last quarter. Acima Private Wealth LLC bought a new stake in BP during the 2nd quarter worth about $32,000. Mascagni Wealth Management Inc. bought a new stake in BP during the 4th quarter worth about $33,000. Finally, Missouri Trust & Investment Co lifted its position in BP by 400.0% during the 1st quarter. Missouri Trust & Investment Co now owns 1,000 shares of the oil and gas exploration company’s stock worth $34,000 after buying an additional 800 shares in the last quarter. Institutional investors and hedge funds own 11.01% of the company’s stock.

BP Increases Dividend

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

About BP

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.