Analysts Set Expectations for BP’s Q2 Earnings (NYSE:BP)

BP p.l.c. (NYSE:BP) – Analysts at Zacks Research raised their Q2 2026 EPS estimates for BP in a note issued to investors on Thursday, September 4th. Zacks Research analyst Team now anticipates that the oil and gas exploration company will post earnings of $0.72 per share for the quarter, up from their previous estimate of $0.71. The consensus estimate for BP’s current full-year earnings is $3.53 per share. Zacks Research also issued estimates for BP’s FY2026 earnings at $2.72 EPS, Q1 2027 earnings at $0.69 EPS, Q2 2027 earnings at $0.84 EPS and FY2027 earnings at $3.22 EPS.

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

BP has been the topic of a number of other research reports. Jefferies Financial Group set a $29.00 target price on BP and gave the company a “hold” rating in a research report on Monday, May 19th. TD Cowen boosted their target price on shares of BP from $34.00 to $37.00 and gave the company a “hold” rating in a research report on Wednesday, August 6th. Melius initiated coverage on BP in a research report on Wednesday, August 20th. They set a “buy” rating and a $66.00 price target on the stock. DZ Bank raised BP from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. Finally, Piper Sandler raised their target price on 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 issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.77.

BP Stock Up 0.5%

Shares of BP stock opened at $34.09 on Monday. BP has a fifty-two week low of $25.22 and a fifty-two week high of $35.54. The firm has a market capitalization of $89.92 billion, a PE ratio of 162.34, a P/E/G ratio of 1.78 and a beta of 0.61. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.92 and a current ratio of 1.21. The stock’s 50-day simple moving average is $33.20 and its 200-day simple moving average is $31.36.

BP Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.4942 per share. The ex-dividend date of this dividend is Friday, August 15th. 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%. BP’s payout ratio is currently 942.86%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BP. Bank of New York Mellon Corp boosted its position in BP by 486.9% during the first quarter. Bank of New York Mellon Corp now owns 2,787,644 shares of the oil and gas exploration company’s stock worth $94,195,000 after acquiring an additional 2,312,687 shares during the last quarter. GAMMA Investing LLC lifted its stake in BP by 5,751.4% in the 1st quarter. GAMMA Investing LLC now owns 207,606 shares of the oil and gas exploration company’s stock worth $7,015,000 after purchasing an additional 204,058 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in shares of BP by 206.0% during the 2nd quarter. Baird Financial Group Inc. now owns 252,849 shares of the oil and gas exploration company’s stock worth $7,568,000 after purchasing an additional 170,221 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of BP by 30.2% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 444,530 shares of the oil and gas exploration company’s stock valued at $15,020,000 after purchasing an additional 103,100 shares in the last quarter. Finally, Meritage Portfolio Management increased its holdings in shares of BP by 54.7% in the first quarter. Meritage Portfolio Management now owns 163,147 shares of the oil and gas exploration company’s stock valued at $5,513,000 after purchasing an additional 57,719 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.