BP p.l.c. (NYSE:BP) Stock Has Consensus Target Price of $49.44

06 Nov 2026, 09:45 by Danessa Lincoln · The Markets Daily

BP p.l.c. (NYSE:BP – Get Free Report) has received an average rating of “Moderate Buy” from the twenty-five research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation, fourteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $49.90.

Several research analysts have recently weighed in on the stock. Mizuho boosted their price objective on shares of BP from $53.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, October 5th. DA Davidson set a $49.00 target price on BP in a report on Tuesday, October 20th. Evercore upgraded shares of BP to an “outperform” rating in a report on Monday, October 5th. Piper Sandler upped their price target on shares of BP from $43.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, September 3rd. Finally, TD Cowen raised their price objective on shares of BP from $47.00 to $49.00 and gave the stock a “hold” rating in a research report on Tuesday, October 20th.

Check Out Our Latest Report on BP

Institutional Trading of BP

Several hedge funds and other institutional investors have recently bought and sold shares of BP. Alyeska Investment Group L.P. lifted its position in shares of BP by 48.8% during the 2nd quarter. Alyeska Investment Group L.P. now owns 2,830,923 shares of the oil and gas exploration company’s stock valued at $104,603,000 after acquiring an additional 928,617 shares during the period. Van ECK Associates Corp boosted its position in shares of BP by 290.2% during the 2nd quarter. Van ECK Associates Corp now owns 2,049,151 shares of the oil and gas exploration company’s stock worth $75,716,000 after purchasing an additional 1,524,048 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in BP by 15.8% in the second quarter. Russell Investments Group Ltd. now owns 1,410,714 shares of the oil and gas exploration company’s stock worth $52,307,000 after acquiring an additional 192,211 shares in the last quarter. Kahn Brothers Group Inc. acquired a new stake in BP in the second quarter valued at approximately $23,094,000. Finally, Readystate Asset Management LP raised its position in shares of BP by 322.4% during the second quarter. Readystate Asset Management LP now owns 619,670 shares of the oil and gas exploration company’s stock worth $22,897,000 after purchasing an additional 472,974 shares during the period. Institutional investors and hedge funds own 11.01% of the company’s stock.

BP Trading Down 2.0%

BP stock opened at $44.70 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.29 and a quick ratio of 0.95. The firm has a 50-day moving average of $46.20 and a 200-day moving average of $43.12. The company has a market cap of $117.10 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 0.35 and a beta of 0.16. BP has a one year low of $33.22 and a one year high of $51.49.

BP (NYSE:BP – Get Free Report) last issued its quarterly earnings results on Friday, October 30th. The oil and gas exploration company reported $3.26 EPS for the quarter, beating the consensus estimate of $2.66 by $0.60. The firm had revenue of $68.40 billion during the quarter, compared to analysts’ expectations of $63.14 billion. BP had a return on equity of 24.67% and a net margin of 3.74%. The business’s quarterly revenue was up 41.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 earnings per share. On average, equities analysts expect that BP will post 8.37 earnings per share for the current fiscal year.

BP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, November 13th will be issued a dividend of $0.5196 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.6%. BP’s dividend payout ratio (DPR) is currently 60.29%.

Key BP News

Here are the key news stories impacting BP this week:

Positive Sentiment: BP raised about $1.06 billion by selling a 5% stake in Aker BP. The proceeds are intended to strengthen its balance sheet and contribute to annual divestment targets. BP Raises $1.06 Billion From Aker BP Stake Sale
Positive Sentiment: A recent outlook article cited strong earnings, cost reductions and portfolio restructuring as supports for BP’s longer-term prospects, though these are not new announcements. BP Stock Gains 40.6% in a Year: Should You Bet on the Stock Now?
Neutral Sentiment: BP appointed former Shell executive Emma Lewis to lead its downstream business as CEO Meg O’Neill works to strengthen refining and fuels operations. The appointment may support the restructuring, but no financial impact was specified. BP hires Shell executive Emma Lewis to lead downstream unit
Neutral Sentiment: Energy executives see potential for increased investment over the coming decade, while geopolitical risks, higher costs and uncertain oil prices complicate decisions. Energy leaders weigh the investment outlook
Negative Sentiment: BP shares fell after the Aker BP stake-sale announcement. The transaction reduces BP’s ownership in the Norwegian producer, which may have weighed on investors despite the cash proceeds. BP shares fall after $1.06 billion Aker BP stake sale

BP Company Profile

(Get Free Report)

BP p.l.c. is a global integrated energy company headquartered in London, United Kingdom. Its operations span the exploration, development and production of oil and natural gas, as well as the processing, refining, transportation and marketing of energy products.

Through its businesses, BP supplies fuels for road transportation, aviation and marine use, along with lubricants marketed under the Castrol brand. The company also operates retail fuel and convenience locations and provides energy products and services to commercial and industrial customers.