FY2027 Earnings Estimate for BP Issued By Erste Group Bank

BP p.l.c. (NYSE:BP) – Stock analysts at Erste Group Bank lowered their FY2027 earnings estimates for BP in a report issued on Friday, June 5th. Erste Group Bank analyst H. Engel now anticipates that the oil and gas exploration company will earn $4.02 per share for the year, down from their prior forecast of $4.08. The consensus estimate for BP’s current full-year earnings is $5.35 per share.

BP (NYSE:BP) last issued its earnings results on Tuesday, April 28th. The oil and gas exploration company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.24. BP had a net margin of 1.62% and a return on equity of 12.06%. The firm had revenue of $52.26 billion during the quarter, compared to analyst estimates of $48.50 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. BP’s revenue for the quarter was up 11.4% on a year-over-year basis.

Other equities analysts have also issued research reports about the stock. Morgan Stanley upgraded shares of BP from an “equal weight” rating to an “overweight” rating and set a $49.40 target price for the company in a research report on Tuesday, March 24th. Zacks Research lowered shares of BP from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Weiss Ratings upgraded shares of BP from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, March 24th. HSBC raised shares of BP from a “reduce” rating to a “hold” rating and upped their price target for the company from $35.10 to $45.30 in a research note on Friday, March 20th. Finally, Wall Street Zen raised shares of BP from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.14.

BP Price Performance

Shares of NYSE:BP opened at $43.00 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.87 and a current ratio of 1.22. The firm has a fifty day moving average price of $45.04 and a 200 day moving average price of $40.32. BP has a fifty-two week low of $29.58 and a fifty-two week high of $48.27. The firm has a market cap of $112.61 billion, a price-to-earnings ratio of 35.83, a P/E/G ratio of 0.52 and a beta of 0.14.

Hedge Funds Weigh In On BP

Large investors have recently modified their holdings of the stock. Rhumbline Advisers raised its stake in shares of BP by 4.2% in the second quarter. Rhumbline Advisers now owns 39,146 shares of the oil and gas exploration company’s stock valued at $1,172,000 after acquiring an additional 1,588 shares during the period. Gamco Investors INC. ET AL raised its stake in shares of BP by 7.4% in the second quarter. Gamco Investors INC. ET AL now owns 8,295 shares of the oil and gas exploration company’s stock valued at $248,000 after acquiring an additional 568 shares during the period. IHT Wealth Management LLC raised its stake in shares of BP by 3.3% in the second quarter. IHT Wealth Management LLC now owns 12,513 shares of the oil and gas exploration company’s stock valued at $375,000 after acquiring an additional 398 shares during the period. WFA of San Diego LLC purchased a new stake in shares of BP in the second quarter valued at $46,000. Finally, Alteri Wealth LLC raised its stake in shares of BP by 26.6% in the third quarter. Alteri Wealth LLC now owns 10,005 shares of the oil and gas exploration company’s stock valued at $345,000 after acquiring an additional 2,100 shares during the period. Institutional investors own 11.01% of the company’s stock.

BP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, May 15th will be given a dividend of $0.4992 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 4.6%. BP’s payout ratio is currently 165.00%.

BP News Roundup

Here are the key news stories impacting BP this week:

• Positive Sentiment: BP’s new two-segment structure is designed to streamline operations, sharpen accountability, and support shareholder returns. BP announces two-segment overhaul to simplify operations
• Positive Sentiment: BP continues to win upstream work, including a new three-well UK Continental Shelf drilling contract for Noble, reinforcing activity in its core oil and gas business. Noble Secures New Drilling Contract on the UK Continental Shelf
• Neutral Sentiment: BP also awarded SLB OneSubsea a contract for the Thunder Horse deepwater project, supporting ongoing project execution but not materially changing the near-term outlook. SLB OneSubsea Wins Contract for BP’s Thunder Horse Deepwater Project
• Neutral Sentiment: BP’s short interest fell sharply in May, which may reduce bearish pressure on the stock.
• Negative Sentiment: Investor concerns about BP’s boardroom changes and the chair’s removal are creating governance uncertainty. What next for BP? Leadership exits test investor confidence in board oversight
• Negative Sentiment: BP is facing added scrutiny from a law firm investigation and criticism over dividends and climate policy, which could keep sentiment subdued. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of BP p.l.c. – BP

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.