What is Scotiabank's Forecast for BP FY2025 Earnings?

BP p.l.c. (NYSE:BP - Free Report) - Scotiabank boosted their FY2025 earnings per share (EPS) estimates for BP in a report released on Wednesday, March 19th. Scotiabank analyst P. Cheng now forecasts that the oil and gas exploration company will earn $2.95 per share for the year, up from their previous forecast of $2.85. The consensus estimate for BP's current full-year earnings is $3.53 per share. Scotiabank also issued estimates for BP's FY2026 earnings at $2.55 EPS.

BP (NYSE:BP - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The oil and gas exploration company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.12). BP had a return on equity of 10.96% and a net margin of 0.20%.

BP has been the topic of a number of other reports. Piper Sandler lowered their price objective on shares of BP from $36.00 to $32.00 and set a "neutral" rating on the stock in a research note on Thursday, December 19th. StockNews.com cut shares of BP from a "buy" rating to a "hold" rating in a research note on Tuesday, January 28th. DZ Bank lowered BP from a "hold" rating to a "sell" rating in a research note on Tuesday, February 11th. TD Cowen cut BP from a "buy" rating to a "hold" rating and set a $40.00 price target for the company. in a report on Wednesday, March 19th. Finally, Wells Fargo & Company increased their price objective on BP from $30.00 to $37.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, two have assigned a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $37.48.

BP Price Performance

BP stock traded up $0.01 during trading hours on Monday, hitting $34.43. The stock had a trading volume of 7,555,075 shares, compared to its average volume of 9,208,643. The stock has a market capitalization of $93.48 billion, a price-to-earnings ratio of 430.48, a PEG ratio of 1.12 and a beta of 0.58. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.25 and a quick ratio of 0.97. BP has a 1-year low of $27.82 and a 1-year high of $40.40. The stock's fifty day moving average is $32.88 and its two-hundred day moving average is $31.30.

BP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 5.58%. The ex-dividend date of this dividend is Friday, February 21st. BP's dividend payout ratio is presently 2,375.00%.

Institutional Investors Weigh In On BP

Institutional investors and hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. raised its holdings in shares of BP by 4.3% during the 4th quarter. Ameriprise Financial Inc. now owns 940,786 shares of the oil and gas exploration company's stock valued at $27,810,000 after purchasing an additional 38,759 shares in the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of BP by 2.2% during the fourth quarter. Wedge Capital Management L L P NC now owns 660,538 shares of the oil and gas exploration company's stock valued at $19,526,000 after acquiring an additional 14,436 shares during the period. Bank of New York Mellon Corp grew its position in BP by 30.1% during the 4th quarter. Bank of New York Mellon Corp now owns 474,957 shares of the oil and gas exploration company's stock worth $14,040,000 after acquiring an additional 110,019 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its position in BP by 2.3% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 465,242 shares of the oil and gas exploration company's stock valued at $13,753,000 after acquiring an additional 10,262 shares in the last quarter. Finally, Captrust Financial Advisors boosted its holdings in BP by 1.2% in the third quarter. Captrust Financial Advisors now owns 440,973 shares of the oil and gas exploration company's stock valued at $13,842,000 after acquiring an additional 5,150 shares during the last quarter. 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.