What is Erste Group Bank’s Forecast for BP FY2027 Earnings?

BP p.l.c. (NYSE:BP) – Research analysts at Erste Group Bank issued their FY2027 EPS estimates for shares of BP in a research report issued to clients and investors on Wednesday, February 18th. Erste Group Bank analyst H. Engel expects that the oil and gas exploration company will earn $3.06 per share for the year. The consensus estimate for BP’s current full-year earnings is $3.53 per share.

BP has been the topic of a number of other research reports. HSBC lowered BP from a “hold” rating to a “reduce” rating and set a $38.50 target price on the stock. in a research note on Thursday, February 12th. Barclays reiterated an “overweight” rating on shares of BP in a report on Friday, December 12th. Bank of America lowered shares of BP from a “neutral” rating to an “underperform” rating in a research report on Friday, December 5th. TD Cowen dropped their price objective on BP from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Friday, February 13th. Finally, Weiss Ratings raised BP from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, BP has an average rating of “Hold” and a consensus price target of $37.35.

BP Price Performance

Shares of BP stock opened at $38.42 on Monday. The stock has a 50 day moving average price of $36.17 and a 200 day moving average price of $35.38. BP has a 52-week low of $25.22 and a 52-week high of $39.51. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 1.26. The firm has a market capitalization of $100.73 billion, a P/E ratio of -3,837.66, a P/E/G ratio of 1.79 and a beta of 0.33.

BP (NYSE:BP) last announced its quarterly earnings data on Tuesday, February 10th. The oil and gas exploration company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. The business had revenue of $47.38 billion during the quarter, compared to the consensus estimate of $42.19 billion. BP had a net margin of 0.03% and a return on equity of 9.68%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 earnings per share.

Hedge Funds Weigh In On BP

Several institutional investors and hedge funds have recently bought and sold shares of BP. Sound Shore Management Inc. CT purchased a new stake in shares of BP during the 4th quarter valued at $67,890,000. New York State Common Retirement Fund acquired a new position in BP during the 4th quarter valued at about $17,768,000. Sagefield Capital LP raised its stake in BP by 125.2% in the fourth quarter. Sagefield Capital LP now owns 493,556 shares of the oil and gas exploration company’s stock valued at $17,141,000 after buying an additional 274,381 shares during the last quarter. Gabelli Funds LLC boosted its holdings in BP by 6.0% in the fourth quarter. Gabelli Funds LLC now owns 392,400 shares of the oil and gas exploration company’s stock worth $13,628,000 after acquiring an additional 22,100 shares in the last quarter. Finally, Bollard Group LLC increased its holdings in shares of BP by 12.7% during the second quarter. Bollard Group LLC now owns 337,724 shares of the oil and gas exploration company’s stock valued at $10,108,000 after acquiring an additional 37,974 shares in the last quarter. 11.01% of the stock is owned by hedge funds and other institutional investors.

BP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, February 20th will be paid a dividend of $0.4992 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Friday, February 20th. BP’s payout ratio is -19,800.00%.

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.