Scotiabank Has Bullish Estimate for BP FY2025 Earnings

BP p.l.c. (NYSE:BP - Free Report) - Equities researchers at Scotiabank lifted their FY2025 earnings estimates for BP in a research report issued to clients and investors 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 issued its quarterly earnings results on Tuesday, February 11th. The oil and gas exploration company reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates 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 subject of several other research reports. Royal Bank of Canada reiterated a "sector perform" rating on shares of BP in a research note on Tuesday, January 14th. Piper Sandler dropped their price objective on shares of BP from $36.00 to $32.00 and set a "neutral" rating on the stock in a report on Thursday, December 19th. Wolfe Research set a $50.00 target price on BP in a research note on Tuesday, January 14th. Raymond James upped their price target on BP from $36.00 to $37.00 and gave the stock an "outperform" rating in a research note on Friday, January 17th. Finally, Morgan Stanley decreased their price objective on BP from $34.70 to $31.80 and set an "equal weight" rating for the company in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, two have assigned a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $37.48.

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BP Trading Down 1.6 %

BP traded down $0.57 during trading on Monday, hitting $33.85. The company's stock had a trading volume of 7,083,513 shares, compared to its average volume of 9,490,897. The firm has a market capitalization of $91.89 billion, a P/E ratio of 423.12, a PEG ratio of 1.12 and a beta of 0.58. BP has a twelve month low of $27.82 and a twelve month high of $40.40. The stock's fifty day moving average price is $32.93 and its 200-day moving average price is $31.32. The company has a quick ratio of 0.97, a current ratio of 1.25 and a debt-to-equity ratio of 0.70.

BP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 5.67%. The ex-dividend date of this dividend is Friday, February 21st. BP's payout ratio is 2,375.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Eagle Asset Management Inc. boosted its holdings in shares of BP by 10.8% in the 3rd quarter. Eagle Asset Management Inc. now owns 9,134 shares of the oil and gas exploration company's stock worth $264,000 after buying an additional 891 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of BP during the 3rd quarter valued at approximately $5,089,000. Captrust Financial Advisors increased its stake in shares of BP by 1.2% during the 3rd quarter. Captrust Financial Advisors now owns 440,973 shares of the oil and gas exploration company's stock worth $13,842,000 after purchasing an additional 5,150 shares during the last quarter. IHT Wealth Management LLC raised its holdings in shares of BP by 4.8% in the 3rd quarter. IHT Wealth Management LLC now owns 14,123 shares of the oil and gas exploration company's stock worth $444,000 after purchasing an additional 652 shares during the period. Finally, Sunbelt Securities Inc. lifted its stake in BP by 3.8% in the third quarter. Sunbelt Securities Inc. now owns 11,459 shares of the oil and gas exploration company's stock valued at $360,000 after purchasing an additional 415 shares during the last quarter. 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.