What is Erste Group Bank’s Forecast for BP FY2026 Earnings?

BP p.l.c. (NYSE:BP) – Research analysts at Erste Group Bank dropped their FY2026 earnings per share (EPS) estimates for shares of BP in a report issued on Wednesday, July 15th. Erste Group Bank analyst H. Engel now expects that the oil and gas exploration company will earn $5.04 per share for the year, down from their previous forecast of $5.28. The consensus estimate for BP’s current full-year earnings is $5.24 per share.

BP has been the subject of a number of other reports. Mizuho started coverage on BP in a research note on Monday. They set an “outperform” rating and a $51.00 price objective for the company. Zacks Research cut shares of BP from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. UBS Group upgraded shares of BP from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of BP in a research note on Thursday, June 18th. Finally, Wells Fargo & Company lifted their target price on shares of BP from $39.00 to $54.00 and gave the company an “equal weight” rating in a research note on Thursday, April 9th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $46.98.

BP Stock Performance

Shares of BP opened at $42.04 on Monday. The business has a 50-day simple moving average of $41.34 and a two-hundred day simple moving average of $41.14. The company has a quick ratio of 0.87, a current ratio of 1.22 and a debt-to-equity ratio of 0.68. BP has a 52 week low of $31.58 and a 52 week high of $48.27. The stock has a market cap of $110.11 billion, a price-to-earnings ratio of 35.03, a PEG ratio of 0.77 and a beta of 0.17.

BP (NYSE:BP) last released its earnings results on Tuesday, April 28th. The oil and gas exploration company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.24. BP had a return on equity of 12.06% and a net margin of 1.62%.The company had revenue of $52.26 billion for the quarter, compared to the consensus estimate of $48.50 billion. During the same period in the previous year, the business earned $0.53 earnings per share. BP’s quarterly revenue was up 11.4% compared to the same quarter last year.

BP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, May 15th were issued a $0.4992 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Friday, May 15th. BP’s payout ratio is 165.00%.

Hedge Funds Weigh In On BP

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ORG Partners LLC grew its stake in shares of BP by 16.2% during the fourth quarter. ORG Partners LLC now owns 2,038 shares of the oil and gas exploration company’s stock worth $71,000 after acquiring an additional 284 shares during the last quarter. First Horizon Corp increased its holdings in BP by 8.1% in the 4th quarter. First Horizon Corp now owns 3,933 shares of the oil and gas exploration company’s stock worth $137,000 after buying an additional 296 shares during the period. GAMMA Investing LLC lifted its position in BP by 5.2% during the fourth 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. raised its position in BP by 0.9% during the fourth quarter. Atlas Brown Inc. now owns 36,721 shares of the oil and gas exploration company’s stock valued at $1,275,000 after acquiring an additional 330 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in shares of BP by 4.8% during the 2nd quarter. Versant Capital Management Inc now owns 7,953 shares of the oil and gas exploration company’s stock valued at $294,000 after acquiring an additional 366 shares during the period. 11.01% of the stock is owned by institutional investors.

BP Company Profile

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.