FY2026 Earnings Estimate for BP Issued By Erste Group Bank

BP p.l.c. (NYSE:BP) – Research analysts at Erste Group Bank raised their FY2026 earnings per share (EPS) estimates for shares of BP in a note issued to investors on Wednesday, August 5th. Erste Group Bank analyst H. Engel now expects that the oil and gas exploration company will earn $5.70 per share for the year, up from their previous forecast of $5.58. The consensus estimate for BP’s current full-year earnings is $6.03 per share.

BP (NYSE:BP) last issued its quarterly earnings results on Tuesday, August 4th. The oil and gas exploration company reported $2.22 EPS for the quarter, topping the consensus estimate of $1.87 by $0.35. BP had a return on equity of 16.63% and a net margin of 2.49%.The company had revenue of $69.11 billion for the quarter, compared to the consensus estimate of $57.89 billion. During the same period in the previous year, the business posted $0.90 EPS. The company’s revenue for the quarter was up 106.1% on a year-over-year basis.

Other analysts also recently issued reports about the stock. UBS Group raised shares of BP from a “neutral” rating to a “buy” rating in a report on Wednesday, April 15th. Weiss Ratings raised shares of BP from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Piper Sandler increased their target price on shares of BP from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday. BNP Paribas Exane set a $57.00 target price on BP and gave the stock an “outperform” rating in a research report on Friday, April 17th. Finally, Wall Street Zen raised BP from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 18th. Twelve equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $46.36.

BP Trading Up 2.9%

Shares of BP stock opened at $42.84 on Monday. BP has a 1 year low of $32.72 and a 1 year high of $48.27. The company’s fifty day simple moving average is $41.08 and its 200-day simple moving average is $41.99. The company has a market cap of $112.21 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 0.57 and a beta of 0.15. The company has a current ratio of 1.27, a quick ratio of 0.95 and a debt-to-equity ratio of 0.69.

Institutional Trading of BP

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sound Shore Management Inc. CT bought a new position in BP during the fourth quarter worth about $67,890,000. Russell Investments Group Ltd. raised its holdings in shares of BP by 15.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,410,714 shares of the oil and gas exploration company’s stock worth $52,307,000 after buying an additional 192,211 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of BP during the 1st quarter worth approximately $28,136,000. New York State Common Retirement Fund acquired a new stake in BP in the 4th quarter valued at $17,768,000. Finally, Sagefield Capital LP grew its position in BP by 125.2% in the fourth quarter. Sagefield Capital LP now owns 493,556 shares of the oil and gas exploration company’s stock valued at $17,141,000 after acquiring an additional 274,381 shares during the period. Institutional investors own 11.01% of the company’s stock.

BP Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 14th will be issued a dividend of $0.5196 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from BP’s previous quarterly dividend of $0.50. BP’s payout ratio is 96.59%.

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.