BP (NYSE:BP) Issues Earnings Results

BP (NYSE:BP) announced its quarterly earnings results on Monday. The oil and gas exploration company reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.35, FiscalAI reports. BP had a return on equity of 12.06% and a net margin of 1.62%.The company had revenue of $69.11 billion during the quarter, compared to the consensus estimate of $57.89 billion. During the same period in the prior year, the company earned $0.90 earnings per share. The company’s revenue for the quarter was up 106.1% compared to the same quarter last year.

BP Stock Down 4.6%

Shares of NYSE BP traded down $2.04 during midday trading on Tuesday, reaching $42.22. The company’s stock had a trading volume of 6,335,321 shares, compared to its average volume of 11,377,688. The stock has a 50 day simple moving average of $41.08 and a 200-day simple moving average of $41.76. The company has a current ratio of 1.22, a quick ratio of 0.87 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $110.58 billion, a price-to-earnings ratio of 35.19, a PEG ratio of 0.76 and a beta of 0.15. BP has a fifty-two week low of $32.69 and a fifty-two week high of $48.27.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. UBS Group raised BP from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 15th. Mizuho initiated coverage on shares of BP in a report on Monday, July 20th. They issued an “outperform” rating and a $51.00 price target for the company. Zacks Research downgraded shares of BP from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Wells Fargo & Company boosted their price objective on shares of BP from $39.00 to $54.00 and gave the company an “equal weight” rating in a research report on Thursday, April 9th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of BP in a report on Thursday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $46.59.

Institutional Investors Weigh In On BP

Several institutional investors and hedge funds have recently added to or reduced their stakes in BP. Triumph Capital Management acquired a new stake in shares of BP in the third quarter valued at about $43,000. WFA of San Diego LLC acquired a new position in shares of BP during the 2nd quarter worth approximately $46,000. Ameriflex Group Inc. raised its stake in shares of BP by 39.1% during the 4th quarter. Ameriflex Group Inc. now owns 1,808 shares of the oil and gas exploration company’s stock worth $63,000 after purchasing an additional 508 shares in the last quarter. Colonial Trust Co SC boosted its holdings in shares of BP by 52.2% in the 4th quarter. Colonial Trust Co SC now owns 2,914 shares of the oil and gas exploration company’s stock valued at $101,000 after buying an additional 1,000 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in shares of BP by 7.0% in the third quarter. Brown Brothers Harriman & Co. now owns 5,738 shares of the oil and gas exploration company’s stock valued at $198,000 after buying an additional 374 shares in the last quarter. 11.01% of the stock is owned by institutional investors.

Trending Headlines about BP

Here are the key news stories impacting BP this week:

• Positive Sentiment: Major earnings beat: BP reported second-quarter underlying replacement-cost profit of approximately $5.73 billion, more than double the year-earlier result and above analyst expectations. Reported EPS was $2.22 versus the $1.87 consensus, while revenue reached $69.11 billion, up 106.1% year over year. BP’s second-quarter profit more than doubles from a year ago
• Positive Sentiment: Strong operating drivers: Higher oil and gas prices, stronger refining margins, improved hydrocarbon realizations and robust trading returns—helped by Middle East market volatility—lifted earnings and cash flow. Analysts described BP’s turnaround as potentially ahead of schedule, creating an opportunity to accelerate debt reduction. BP Q2 Earnings Beat Estimates on Strong Refining Margins & Pricing
• Positive Sentiment: Shareholder returns and restructuring: BP raised its dividend rate, while the completed sale of its Gelsenkirchen refinery is expected to reduce underlying operating expenses by about $1 billion and strengthen the balance sheet. BP Raises Dividend Rate
• Neutral Sentiment: Portfolio shift continues: BP plans to sell Archaea Energy as it retreats from biogas and is pursuing changes to its North Sea portfolio. These moves could simplify operations and focus capital on higher-return oil and gas assets, but they also signal a substantial change in the company’s long-term strategy. BP to sell Archaea Energy as it withdraws from biogas
• Negative Sentiment: Quality and durability concerns: Lower production and increased exploration write-offs partly offset the benefit of higher prices. Investors may also view profits driven by oil-price spikes, refining strength and geopolitical volatility as difficult to repeat.
• Negative Sentiment: Political and execution risks: BP faces criticism over elevated energy-company profits, UK pressure related to North Sea operations and uncertainty surrounding its leadership and turnaround. Those risks may be limiting the market’s reaction to the earnings beat. BP may be at high point as Trump slams oil industry profits as too much

About BP

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.