Erste Group Bank Has Pessimistic View of BP FY2026 Earnings

BP p.l.c. (NYSE:BP) – Equities research analysts at Erste Group Bank cut their FY2026 earnings per share (EPS) estimates for shares of BP in a report released on Wednesday, July 15th. Erste Group Bank analyst H. Engel now expects that the oil and gas exploration company will post earnings of $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 $5.41 per share.

Several other research analysts also recently issued reports on BP. Argus raised BP from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Monday, May 11th. 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 report on Tuesday, March 24th. Wall Street Zen upgraded shares of BP from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Wells Fargo & Company upped their price target on shares of BP from $39.00 to $54.00 and gave the company an “equal weight” rating in a report on Thursday, April 9th. Finally, TD Cowen raised their price objective on shares of BP from $40.00 to $41.00 and gave the stock a “hold” rating in a research note on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, BP has an average rating of “Moderate Buy” and a consensus price target of $46.98.

BP Stock Up 1.8%

BP stock opened at $42.75 on Monday. BP has a fifty-two week low of $31.58 and a fifty-two week high of $48.27. The firm has a market capitalization of $111.97 billion, a price-to-earnings ratio of 35.62, a price-to-earnings-growth ratio of 0.75 and a beta of 0.17. The stock’s fifty day moving average is $41.31 and its two-hundred day moving average is $41.20. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.87 and a current ratio of 1.22.

BP (NYSE:BP) last released its quarterly earnings data 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. The firm had revenue of $52.26 billion during the quarter, compared to the consensus estimate of $48.50 billion. BP had a return on equity of 12.06% and a net margin of 1.62%.BP’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the business posted $0.53 EPS.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Rhumbline Advisers boosted its holdings in shares of BP by 4.2% during the second quarter. Rhumbline Advisers now owns 39,146 shares of the oil and gas exploration company’s stock worth $1,172,000 after purchasing an additional 1,588 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in 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 purchasing an additional 568 shares during the last quarter. IHT Wealth Management LLC lifted its position in BP by 3.3% during the second quarter. IHT Wealth Management LLC now owns 12,513 shares of the oil and gas exploration company’s stock worth $375,000 after buying an additional 398 shares during the period. WFA of San Diego LLC acquired a new stake in BP in the 2nd quarter worth about $46,000. Finally, Brown Brothers Harriman & Co. grew its holdings in BP by 7.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 5,738 shares of the oil and gas exploration company’s stock valued at $198,000 after buying an additional 374 shares during the period. 11.01% of the stock is currently owned by institutional investors and hedge funds.

BP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, May 15th were given a dividend of $0.4992 per share. The ex-dividend date was Friday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 4.7%. BP’s dividend payout ratio (DPR) is 165.00%.

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.