BP (NYSE:BP) Raised to Buy at Wall Street Zen

BP (NYSE:BP) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

BP has been the subject of a number of other research reports. Scotiabank set a $41.00 price objective on shares of BP in a research note on Friday, January 16th. Barclays restated an “overweight” rating on shares of BP in a report on Friday, December 12th. BNP Paribas Exane lowered shares of BP from an “outperform” rating to a “hold” rating and set a $38.50 price target for the company. in a research report on Thursday, February 12th. Freedom Capital lowered shares of BP from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 12th. Finally, Argus upgraded shares of BP to a “hold” rating in a report on Tuesday, February 17th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, BP presently has a consensus rating of “Hold” and an average target price of $37.58.

BP Price Performance

NYSE BP opened at $42.66 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. BP has a 1 year low of $25.22 and a 1 year high of $42.83. The company has a market cap of $111.85 billion, a PE ratio of -4,261.44, a PEG ratio of 1.84 and a beta of 0.31. The stock’s 50-day moving average price is $37.68 and its two-hundred day moving average price is $35.92.

BP (NYSE:BP) last announced its earnings results on Tuesday, February 10th. The oil and gas exploration company reported $10.00 EPS for the quarter, topping the consensus estimate of $0.57 by $9.43. BP had a net margin of 0.03% and a return on equity of 9.68%. The company had revenue of $47.38 billion during the quarter, compared to analysts’ expectations of $42.19 billion. During the same period last year, the company posted $0.44 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, analysts predict that BP will post 3.53 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Strategic Advocates LLC acquired a new stake in shares of BP in the 3rd quarter valued at $25,000. Heartwood Wealth Advisors LLC acquired a new position in BP during the third quarter worth $26,000. Twin Peaks Wealth Advisors LLC bought a new position in BP during the second quarter valued at about $27,000. YANKCOM Partnership lifted its position in shares of BP by 1,068.3% in the fourth quarter. YANKCOM Partnership now owns 958 shares of the oil and gas exploration company’s stock worth $33,000 after buying an additional 876 shares during the last quarter. Finally, Triumph Capital Management bought a new stake in shares of BP during the 3rd quarter worth about $43,000. Institutional investors own 11.01% of the company’s stock.

More BP News

Here are the key news stories impacting BP this week:

• Positive Sentiment: Higher oil prices on Middle East supply concerns should boost BP’s upstream margins and cash flow, making the company a direct beneficiary of the rally. Read More.
• Positive Sentiment: Piper Sandler raised its price target on BP to $47 (neutral rating), implying upside from current levels and signaling some analyst confidence in the stock’s near-term outlook. Read More.
• Positive Sentiment: Market reaction: coverage notes BP stock closed higher in the latest session, reflecting the combined effect of commodity tailwinds and analyst support. Read More.
• Neutral Sentiment: Major asset managers (BlackRock, UBS, Legal & General among others) still include BP in many ESG funds despite its strategic pivot — supportive for demand but indicates mixed ESG positioning. Read More.
• Neutral Sentiment: Former BP executive Ashiq Merchant was named CFO of Greenland Energy/Pelican (post-merger), a move notable for industry talent flows but only indirectly relevant to BP’s fundamentals. Read More.
• Negative Sentiment: Senegal’s prime minister is challenging a BP gas deal and has frozen assets tied to a partner (Indorama), creating political and execution risk for BP’s projects in West Africa. This could delay development and future cash flows from the region. Read More.
• Negative Sentiment: Labor risk: U.S. United Steelworkers members rejected BP’s “last, best, and final” offer at the Whiting, Indiana refinery — raising the possibility of strikes, outages or higher labor costs. Read More.
• Negative Sentiment: Governance/legal friction: activist group Follow This says BP failed to distribute a shareholder proposal and is threatening court action — a potential governance distraction and escalation of shareholder activism. Read More.

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.