Zacks Research Analysts Increase Earnings Estimates for BP

BP p.l.c. (NYSE:BP) – Research analysts at Zacks Research raised their Q2 2026 EPS estimates for shares of BP in a note issued to investors on Tuesday, March 4th. Zacks Research analyst R. Department now anticipates that the oil and gas exploration company will post earnings per share of $1.09 for the quarter, up from their prior forecast of $0.90. The consensus estimate for BP’s current full-year earnings is $3.53 per share. Zacks Research also issued estimates for BP’s Q3 2026 earnings at $1.12 EPS, Q4 2026 earnings at $1.11 EPS and FY2026 earnings at $4.10 EPS.

BP (NYSE:BP) last posted 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 topic of several other reports. Wells Fargo & Company raised their target price on BP from $30.00 to $37.00 and gave the company an “equal weight” rating in a report on Wednesday, February 12th. DZ Bank downgraded BP from a “hold” rating to a “sell” rating in a research note on Tuesday, February 11th. Wolfe Research set a $50.00 price target on BP in a report on Tuesday, January 14th. Piper Sandler dropped their price target on shares of BP from $36.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Finally, StockNews.com lowered shares of BP from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, three have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $38.26.

BP Stock Performance

BP stock opened at $31.90 on Thursday. The company has a market capitalization of $85.39 billion, a price-to-earnings ratio of 398.74, a P/E/G ratio of 1.12 and a beta of 0.58. The firm has a 50 day moving average of $31.99 and a two-hundred day moving average of $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 has a 12 month low of $27.82 and a 12 month high of $40.40.

Institutional Investors Weigh In On BP

Hedge funds have recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in shares of BP during the third quarter valued at approximately $5,089,000. Bank of New York Mellon Corp grew its holdings 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 period. Geode Capital Management LLC boosted its position in shares of BP by 217.4% in the 4th quarter. Geode Capital Management LLC now owns 107,282 shares of the oil and gas exploration company’s stock worth $3,171,000 after purchasing an additional 73,478 shares during the last quarter. Cary Street Partners Financial LLC bought a new position in BP during the fourth quarter worth about $1,255,000. Finally, Ameriprise Financial Inc. raised its holdings in BP by 4.3% in the fourth quarter. Ameriprise Financial Inc. now owns 940,786 shares of the oil and gas exploration company’s stock worth $27,810,000 after purchasing an additional 38,759 shares during the period. Institutional investors and hedge funds own 11.01% of the company’s stock.

BP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date is Friday, February 21st. BP’s payout ratio is 2,375.00%.

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.