Mizuho raises target for BP stock from USD 53.00 to USD 56.00
Published on 10/09/2026 at 11:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Mizuho raised its BP target from USD 53.00 to USD 56.00 on October 5, 2026.
- BP's underlying replacement cost profit reached USD 5.73 billion in the second quarter of 2026.
- BP stock was at EUR 6.81 at Lang & Schwarz on October 9, 2026, down 0.58 percent from EUR 6.85.
- BP's third-quarter trading update is scheduled for October 13, 2026, with full results due on November 3, 2026.
BP stock (ISIN GB0007980591) was given a higher target by Mizuho, which raised its forecast from USD 53.00 to USD 56.00 on October 5, 2026, according to Investing.com. The move puts BP's balance-sheet repair and refining performance at the center of the next earnings test.
Three milestones shape the reset
On June 30, 2026, BP reported underlying replacement cost profit of USD 5.73 billion for the second quarter, up from USD 3.20 billion a year earlier, while operating cash flow reached USD 10.86 billion, according to IG.
On October 1, 2026, Wells Fargo upgraded BP to Overweight and raised its target from USD 48.00 to USD 57.00, as Yahoo Finance reported. On October 5, Mizuho followed with its USD 53.00-to-USD 56.00 target increase.
What will October 13 show?
BP's third-quarter trading update is scheduled for October 13, 2026. IG said BP guided for upstream production of 2.10 million to 2.25 million barrels of oil equivalent per day in the third quarter, compared with 2.201 million in the second quarter. The refining indicator margin reached USD 29.60 per barrel in the second quarter, versus USD 16.90 in the first quarter.
Two dates matter next
The next scheduled company dates are the October 13, 2026 third-quarter trading update and the November 3, 2026 third-quarter results, both identified by IG. The November date is the larger test because it should show whether stronger margins are translating into sustained cash generation.
BP stock stays below the yearly high
BP stock was trading at EUR 6.81 at Lang & Schwarz on October 9, 2026 at 11:30 a.m. CEST, down 0.58 percent versus the prior close of EUR 6.85 on October 8, 2026. The market is therefore pricing the target upgrades alongside a modest intraday decline.
The further course of trading is shown by the continuously updated real-time quote of BP stock.
BP stock facts
- Company: BP p.l.c.
- ISIN: GB0007980591
- WKN: 850517
- Ticker: BP.L
- Primary exchange: LSE
- Price Lang & Schwarz (as of October 9, 2026, 11:30 a.m. CEST): EUR 6.81
- Change versus prior close: minus 0.58 percent
- Prior close Lang & Schwarz (October 8, 2026): EUR 6.85
- Sector / Industry: Energy / Oil and Gas Integrated
- Index membership: FTSE 100
Market context: Market report FTSE 100.
