BP (NYSE:BP) Price Target Raised to $47.00

BP (NYSE:BP) had its price objective hoisted by Piper Sandler from $44.00 to $47.00 in a report issued on Thursday morning,Benzinga reports. They currently have a neutral rating on the oil and gas exploration company’s stock.

A number of other brokerages have also weighed in on BP. Wall Street Zen lowered BP from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. TD Cowen lowered their target price on shares of BP from $37.00 to $35.00 and set a “hold” rating for the company in a research note on Friday, February 13th. HSBC downgraded shares of BP from a “hold” rating to a “reduce” rating and set a $38.50 target price on the stock. in a research report on Thursday, February 12th. Scotiabank set a $41.00 price target on shares of BP in a report on Friday, January 16th. Finally, Bank of America downgraded shares of BP from a “neutral” rating to an “underperform” rating in a research note on Friday, December 5th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat.com, BP has a consensus rating of “Hold” and an average target price of $37.58.

BP Stock Performance

Shares of BP opened at $42.66 on Thursday. The company has a current ratio of 1.26, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm has a market cap of $111.85 billion, a PE ratio of -4,261.44, a P/E/G ratio of 1.96 and a beta of 0.31. BP has a 12 month low of $25.22 and a 12 month high of $42.83. The stock has a fifty day moving average price of $37.68 and a 200-day moving average price of $35.91.

BP (NYSE:BP) last announced its earnings results on Tuesday, February 10th. The oil and gas exploration company reported $10.00 earnings per share for the quarter, topping the consensus estimate of $0.57 by $9.43. BP had a return on equity of 9.68% and a net margin of 0.03%.The firm had revenue of $47.38 billion for the quarter, compared to the consensus estimate of $42.19 billion. During the same period in the previous year, the business earned $0.44 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities research analysts predict that BP will post 3.53 earnings per share for the current fiscal year.

BP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, February 20th will be issued a $0.4992 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.00 dividend on an annualized basis and a yield of 4.7%. BP’s payout ratio is presently -19,800.00%.

Institutional Investors Weigh In On BP

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Strategic Advocates LLC acquired a new position in shares of BP in the 3rd quarter valued at $25,000. Heartwood Wealth Advisors LLC acquired a new stake in BP during the third quarter valued at $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in BP in the second quarter valued at $27,000. YANKCOM Partnership raised its position in shares of BP by 1,068.3% in the fourth quarter. YANKCOM Partnership now owns 958 shares of the oil and gas exploration company’s stock worth $33,000 after acquiring an additional 876 shares during the period. Finally, Triumph Capital Management purchased a new stake in shares of BP during the 3rd quarter worth about $43,000. Institutional investors and hedge funds own 11.01% of the company’s stock.

Key Stories Impacting BP

Here are the key news stories impacting BP this week:

• Positive Sentiment: Higher oil prices on Middle East supply concerns should boost BP’s upstream margins and cash flow, making the company a direct beneficiary of the rally. Read More.
• Positive Sentiment: Piper Sandler raised its price target on BP to $47 (neutral rating), implying upside from current levels and signaling some analyst confidence in the stock’s near-term outlook. Read More.
• Positive Sentiment: Market reaction: coverage notes BP stock closed higher in the latest session, reflecting the combined effect of commodity tailwinds and analyst support. Read More.
• Neutral Sentiment: Major asset managers (BlackRock, UBS, Legal & General among others) still include BP in many ESG funds despite its strategic pivot — supportive for demand but indicates mixed ESG positioning. Read More.
• Neutral Sentiment: Former BP executive Ashiq Merchant was named CFO of Greenland Energy/Pelican (post-merger), a move notable for industry talent flows but only indirectly relevant to BP’s fundamentals. Read More.
• Negative Sentiment: Senegal’s prime minister is challenging a BP gas deal and has frozen assets tied to a partner (Indorama), creating political and execution risk for BP’s projects in West Africa. This could delay development and future cash flows from the region. Read More.
• Negative Sentiment: Labor risk: U.S. United Steelworkers members rejected BP’s “last, best, and final” offer at the Whiting, Indiana refinery — raising the possibility of strikes, outages or higher labor costs. Read More.
• Negative Sentiment: Governance/legal friction: activist group Follow This says BP failed to distribute a shareholder proposal and is threatening court action — a potential governance distraction and escalation of shareholder activism. Read More.

BP Company Profile

BP plc is a British multinational integrated energy company headquartered in London. Originating in the early 20th century as the Anglo-Persian Oil Company, BP has grown into one of the world’s largest oil and gas companies, operating across exploration and production, refining and marketing, trading, and a range of low-carbon businesses.

The company’s core activities include upstream exploration and production of crude oil and natural gas, midstream and trading operations, and downstream refining, marketing and supply of fuels, lubricants and petrochemicals.