Analysts Set BP p.l.c. (NYSE:BP) Target Price at $46.14

BP p.l.c. (NYSE:BP) has received a consensus recommendation of “Moderate Buy” from the twenty-four analysts that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $46.1417.

A number of research firms have issued reports on BP. Argus raised shares of BP from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Monday, May 11th. Scotiabank raised their price target on shares of BP from $41.00 to $58.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Melius Research lowered shares of BP from a “buy” rating to a “sell” rating and set a $31.00 price target for the company. in a research report on Wednesday, February 11th. TD Cowen reduced their price target on shares of BP from $37.00 to $35.00 and set a “hold” rating for the company in a research report on Friday, February 13th. Finally, Wall Street Zen raised shares of BP from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd.

Trending Headlines about BP

Here are the key news stories impacting BP this week:

• Positive Sentiment: BP is emphasizing an exploration-led upstream strategy, aiming to replace 100% of reserves by 2027 through new discoveries, short-cycle tiebacks, and longer-term growth projects, which could support future production and cash flow. Article Title
• Positive Sentiment: Zacks highlighted BP as a strong value stock, reinforcing the investment case for income- and value-oriented investors who see the shares as reasonably attractive relative to fundamentals. Article Title
• Neutral Sentiment: BP remains a widely watched stock, but recent attention appears driven more by corporate developments and commodity moves than by a fresh operating update. Article Title
• Neutral Sentiment: BP is undergoing a major restructuring under CEO Meg O’Neill, including leadership changes, asset-sale plans, and a possible shift in portfolio mix; investors are waiting to see whether the reset improves valuation and dividend sustainability. Article Title
• Negative Sentiment: BP’s sudden removal of chair Albert Manifold has raised governance concerns and may be adding uncertainty around the company’s strategy and board stability. Article Title
• Negative Sentiment: A Pomerantz law firm investigation into claims on behalf of BP investors could increase legal overhang and sentiment risk. Article Title
• Negative Sentiment: BP is also being pressured by a weaker broader energy backdrop, with lower oil prices and analyst warnings that oil majors may be vulnerable if market conditions soften further. Article Title Article Title

BP Stock Down 2.2%

BP stock opened at $43.06 on Thursday. The firm has a 50 day moving average of $45.26 and a 200 day moving average of $40.15. The stock has a market capitalization of $112.77 billion, a PE ratio of 35.88, a price-to-earnings-growth ratio of 0.55 and a beta of 0.14. The company has a quick ratio of 0.87, a current ratio of 1.22 and a debt-to-equity ratio of 0.68. BP has a 52 week low of $29.07 and a 52 week high of $48.27.

BP (NYSE:BP) last released its earnings results on Tuesday, April 28th. The oil and gas exploration company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.24. The company had revenue of $52.26 billion during the quarter, compared to analysts’ expectations of $48.50 billion. BP had a net margin of 1.62% and a return on equity of 12.06%. BP’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period last year, the business earned $0.53 EPS. Sell-side analysts forecast that BP will post 5.35 earnings per share for the current year.

BP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, May 15th will be given a dividend of $0.4992 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 4.6%. BP’s dividend payout ratio (DPR) is currently 165.00%.

Hedge Funds Weigh In On BP

A number of institutional investors have recently bought and sold shares of BP. Strategic Advocates LLC purchased a new position in shares of BP during the 3rd quarter valued at approximately $25,000. YANKCOM Partnership increased its holdings in shares of BP by 1,068.3% during the 4th quarter. YANKCOM Partnership now owns 958 shares of the oil and gas exploration company’s stock valued at $33,000 after purchasing an additional 876 shares in the last quarter. Financial Life Planners purchased a new position in shares of BP during the 1st quarter valued at approximately $39,000. Triumph Capital Management purchased a new position in shares of BP during the 3rd quarter valued at approximately $43,000. Finally, LRI Investments LLC increased its holdings in shares of BP by 76.2% during the 4th quarter. LRI Investments LLC now owns 1,276 shares of the oil and gas exploration company’s stock valued at $44,000 after purchasing an additional 552 shares in the last quarter. 11.01% of the stock is owned by hedge funds and other institutional investors.

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.