Erste Group Bank Analysts Decrease Earnings Estimates for BP

BP p.l.c. (NYSE:BP) – Equities research analysts at Erste Group Bank reduced their FY2026 EPS estimates for BP in a research note issued to investors on Tuesday, May 12th. Erste Group Bank analyst H. Engel now forecasts that the oil and gas exploration company will post earnings of $5.16 per share for the year, down from their prior estimate of $5.22. The consensus estimate for BP’s current full-year earnings is $5.09 per share.

Other analysts also recently issued research reports about the stock. Freedom Capital downgraded shares of BP from a “hold” rating to a “strong sell” rating in a report on Thursday, February 12th. Zacks Research upgraded shares of BP from a “hold” rating to a “strong-buy” rating in a report on Monday, March 30th. Melius Research downgraded shares of BP from a “buy” rating to a “sell” rating and set a $31.00 price objective for the company. in a report on Wednesday, February 11th. Wall Street Zen upgraded shares of BP from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings upgraded shares of BP from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, March 24th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, BP currently has a consensus rating of “Moderate Buy” and an average price target of $46.14.

BP Stock Up 1.1%

BP stock opened at $46.18 on Wednesday. The company has a market cap of $120.93 billion, a price-to-earnings ratio of 38.48, a PEG ratio of 0.58 and a beta of 0.18. The company has a current ratio of 1.22, a quick ratio of 0.87 and a debt-to-equity ratio of 0.68. BP has a 12 month low of $28.41 and a 12 month high of $48.27. The firm has a 50-day moving average of $45.24 and a two-hundred day moving average of $39.50.

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

BP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.4992 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 4.3%. BP’s payout ratio is 165.00%.

Hedge Funds Weigh In On BP

Institutional investors have recently bought and sold shares of the company. Quantbot Technologies LP purchased a new position in BP during the third quarter worth about $1,352,000. Gabelli Funds LLC raised its stake in shares of BP by 6.0% in the 4th quarter. Gabelli Funds LLC now owns 392,400 shares of the oil and gas exploration company’s stock valued at $13,628,000 after acquiring an additional 22,100 shares during the period. Jones Financial Companies Lllp raised its stake in shares of BP by 22.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 127,792 shares of the oil and gas exploration company’s stock valued at $4,553,000 after acquiring an additional 23,166 shares during the period. United Community Bank raised its stake in shares of BP by 173.8% in the 3rd quarter. United Community Bank now owns 29,086 shares of the oil and gas exploration company’s stock valued at $1,002,000 after acquiring an additional 18,463 shares during the period. Finally, Legacy Financial Advisors Inc. purchased a new stake in shares of BP in the 3rd quarter valued at approximately $793,000. 11.01% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting BP

Here are the key news stories impacting BP this week:

• Positive Sentiment: BP approved a subsea pump installation at its Thunder Horse field, a move aimed at boosting production and improving output from one of its key offshore assets. bp approves subsea pump installation at Thunder Horse to boost production
• Positive Sentiment: BP pulse partnered with Presto to expand DC fast-charging access, reinforcing BP’s push into EV charging and broader energy transition services. Presto, bp pulse Partner to Expand DC Fast Charging Access
• Positive Sentiment: BP is promoting its rewards Visa card with a summer fuel discount offer, which could help attract new customers and drive traffic to bp and Amoco stations. UPDATE – New bp rewards Visa® cardmembers save 50 cents per gallon on fuel
• Neutral Sentiment: Analysts and commentary continue to argue BP may still look undervalued despite this year’s oil-driven rally, reflecting optimism around valuation but also uncertainty about what could limit further upside. Up 30% this year, the BP share price still looks undervalued despite oil surging. What’s the catch?
• Negative Sentiment: BP still has not reached a deal with the union at its Whiting, Indiana refinery, and the lockout has dragged on for months, keeping labor disruption and operational uncertainty in focus. BP fails to reach deal with union as Indiana refinery lockout drags on
• Negative Sentiment: BP’s Whiting statement said negotiations are still ongoing after the union left talks, signaling that the refinery dispute remains unresolved. bp Whiting Statement: USW leaves negotiations and delays progress. bp Whiting committed to staying at the table.

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.