Erste Group Bank Has Bullish Forecast for BP FY2026 Earnings

BP p.l.c. (NYSE:BP) – Investment analysts at Erste Group Bank increased their FY2026 EPS estimates for shares of BP in a research report issued on Thursday, August 27th. Erste Group Bank analyst H. Engel now anticipates that the oil and gas exploration company will earn $6.00 per share for the year, up from their prior estimate of $5.70. The consensus estimate for BP’s current full-year earnings is $6.08 per share. Erste Group Bank also issued estimates for BP’s FY2027 earnings at $4.08 EPS.

A number of other analysts have also issued reports on the company. Weiss Ratings upgraded BP from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. TD Cowen raised their target price on BP from $40.00 to $41.00 and gave the stock a “hold” rating in a research note on Thursday, July 16th. Argus upgraded BP from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Monday, May 11th. Mizuho set a $53.00 price target on shares of BP in a report on Wednesday, August 5th. Finally, Freedom Capital upgraded shares of BP from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 6th. Twelve research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $46.36.

BP Trading Up 1.9%

NYSE:BP opened at $42.96 on Monday. BP has a 1 year low of $32.72 and a 1 year high of $48.27. The stock’s fifty day moving average price is $41.45 and its two-hundred day moving average price is $42.58. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.27 and a quick ratio of 0.95. The company has a market cap of $112.53 billion, a P/E ratio of 20.96, a P/E/G ratio of 0.57 and a beta of 0.15.

BP (NYSE:BP) last released its quarterly earnings data on Monday, August 3rd. The oil and gas exploration company reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.35. BP had a net margin of 2.49% and a return on equity of 16.63%. The business had revenue of $69.11 billion during the quarter, compared to analyst estimates of $57.89 billion. BP’s revenue was up 106.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.90 EPS.

Institutional Investors Weigh In On BP

Several hedge funds have recently bought and sold shares of the stock. Financial Life Planners purchased a new position in BP in the 1st quarter worth approximately $39,000. Triumph Capital Management purchased a new stake in shares of BP during the 3rd quarter valued at $43,000. LRI Investments LLC lifted its holdings in shares of BP by 76.2% during the 4th quarter. LRI Investments LLC now owns 1,276 shares of the oil and gas exploration company’s stock worth $44,000 after acquiring an additional 552 shares during the last quarter. WFA of San Diego LLC purchased a new position in BP in the second quarter worth $46,000. Finally, Gill Capital Partners LLC increased its stake in BP by 53.2% in the second quarter. Gill Capital Partners LLC now owns 1,376 shares of the oil and gas exploration company’s stock valued at $51,000 after acquiring an additional 478 shares during the last quarter. 11.01% of the stock is currently owned by institutional investors.

BP Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 14th will be given a $0.5196 dividend. This represents a $2.08 annualized dividend and a dividend yield of 4.8%. This is a positive change from BP’s previous quarterly dividend of $0.50. The ex-dividend date is Friday, August 14th. BP’s dividend payout ratio (DPR) is currently 100.49%.

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.