BP (NYSE:BP) Price Target Raised to $54.00

BP (NYSE:BP) had its target price lifted by Wells Fargo & Company from $39.00 to $54.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the oil and gas exploration company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 15.06% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. Piper Sandler boosted their price target on BP from $44.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. HSBC upgraded BP from a “reduce” rating to a “hold” rating and upped their price objective for the stock from $35.10 to $45.30 in a research note on Friday, March 20th. Evercore set a $38.00 target price on BP and gave the stock an “in-line” rating in a research report on Tuesday, January 6th. Scotiabank raised BP to a “strong-buy” rating in a research report on Friday, March 27th. Finally, BNP Paribas Exane lowered BP from an “outperform” rating to a “hold” rating and set a $38.50 target price on the stock. in a research report on Thursday, February 12th. Four investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $41.43.

BP Trading Up 2.3%

NYSE BP opened at $46.93 on Thursday. The company has a market capitalization of $123.06 billion, a price-to-earnings ratio of -4,683.12, a price-to-earnings-growth ratio of 0.86 and a beta of 0.21. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.26 and a quick ratio of 0.98. BP has a 12 month low of $25.79 and a 12 month high of $48.27. The company’s fifty day moving average price is $41.38 and its two-hundred day moving average price is $37.33.

BP (NYSE:BP) last issued its earnings results on Monday, February 9th. The oil and gas exploration company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $47.38 billion for the quarter, compared to analyst estimates of $42.19 billion. BP had a net margin of 0.03% and a return on equity of 9.68%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.44 EPS. As a group, research analysts predict that BP will post 3.53 earnings per share for the current fiscal year.

Institutional Trading of BP

Several hedge funds have recently added to or reduced their stakes in the business. ORG Partners LLC boosted its stake in BP by 16.2% during the 4th quarter. ORG Partners LLC now owns 2,038 shares of the oil and gas exploration company’s stock valued at $71,000 after purchasing an additional 284 shares during the period. First Horizon Corp boosted its stake in BP by 8.1% during the 4th quarter. First Horizon Corp now owns 3,933 shares of the oil and gas exploration company’s stock valued at $137,000 after purchasing an additional 296 shares during the period. GAMMA Investing LLC boosted its stake in BP by 5.2% during the 4th quarter. GAMMA Investing LLC now owns 6,597 shares of the oil and gas exploration company’s stock valued at $229,000 after purchasing an additional 324 shares during the period. Atlas Brown Inc. lifted its position in shares of BP by 0.9% in the 4th quarter. Atlas Brown Inc. now owns 36,721 shares of the oil and gas exploration company’s stock worth $1,275,000 after acquiring an additional 330 shares during the period. Finally, United Community Bank lifted its position in shares of BP by 1.3% in the 4th quarter. United Community Bank now owns 29,456 shares of the oil and gas exploration company’s stock worth $1,023,000 after acquiring an additional 370 shares during the period. Institutional investors own 11.01% of the company’s stock.

Key BP News

Here are the key news stories impacting BP this week:

• Positive Sentiment: Analysts raised earnings forecasts for FY2026 and FY2027, reflecting stronger profit expectations that could support the share price over the medium term. Erste Group raises FY2026/FY2027 estimates
• Positive Sentiment: Zacks added BP to its Rank #1 (Strong Buy) and to a Best Value list, signaling a favorable retail/quantitative view that can attract buying interest. Zacks Rank #1 listing
• Positive Sentiment: BP announced a new offshore gas discovery in Egypt’s Eastern Mediterranean, a production/upside development that can add reserve value and near‑term project optionality. BP makes new offshore gas discovery in Egypt’s Eastern Mediterranean
• Neutral Sentiment: General market coverage and roundups (e.g., Bloomberg “Stock Movers”) are highlighting BP among other movers — useful for context but not a direct fundamental catalyst. Stock Movers: BP, Raiffeisen Bank, Abivax
• Negative Sentiment: Investor pressure over BP’s strategy shift toward oil and gas is intensifying: a U.K. local authority pension fund forum (LAPFF) and other investor groups are backing shareholder resolutions and recommending dissenting votes, raising governance and strategy risk that can weigh on the stock. More BP Investors Demand Proof That Fossil-Fuel Pivot Will Benefit Shareholders
• Negative Sentiment: Proxy advisory and governance pressure is mounting: Glass Lewis urged votes against Manifold as chairman and other advisers/recommenders have pushed for dissent, increasing the risk of board-level friction and reputational/headline risk. Glass Lewis urges BP shareholders vote against Manifold
• Negative Sentiment: Macro/commodity pressure: oil prices fell after reports of a US‑Iran ceasefire and signs of resumed Strait of Hormuz traffic, hitting major oil producers’ shares (BP included) as near‑term oil-demand/risk premia eased. Pressure on BP board rises as LAPFF joins shareholder adviser chorus

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.