Analysts Issue Forecasts for BP’s FY2027 Earnings (NYSE:BP)

BP p.l.c. (NYSE:BP) – Stock analysts at Erste Group Bank reduced their FY2027 EPS estimates for shares of BP in a research note issued on Wednesday, July 15th. Erste Group Bank analyst H. Engel now expects that the oil and gas exploration company will earn $3.96 per share for the year, down from their previous forecast of $4.02. The consensus estimate for BP’s current full-year earnings is $5.23 per share.

A number of other equities research analysts also recently weighed in on the company. Zacks Research downgraded BP from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Argus upgraded BP from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Monday, May 11th. UBS Group upgraded shares of BP from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 15th. Scotiabank boosted their price target on shares of BP from $41.00 to $58.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of BP in a report on Thursday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, BP presently has an average rating of “Moderate Buy” and a consensus target price of $46.64.

BP Stock Performance

Shares of BP stock opened at $41.03 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.22 and a quick ratio of 0.87. The firm has a 50 day simple moving average of $41.42 and a 200 day simple moving average of $41.04. BP has a fifty-two week low of $31.58 and a fifty-two week high of $48.27. The firm has a market cap of $107.45 billion, a P/E ratio of 34.19, a P/E/G ratio of 0.75 and a beta of 0.17.

BP (NYSE:BP) last posted 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. 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 analysts’ expectations of $48.50 billion. During the same quarter last year, the company posted $0.53 EPS. The company’s quarterly revenue was up 11.4% compared to the same quarter last year.

BP Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, May 15th were issued 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 4.9%. BP’s payout ratio is currently 165.00%.

Hedge Funds Weigh In On BP

A number of hedge funds and other institutional investors have recently made changes to their positions in BP. Sound Shore Management Inc. CT bought a new stake in shares of BP in the 4th quarter valued at $67,890,000. Public Employees Retirement System of Ohio acquired a new position in BP in the first quarter valued at about $28,136,000. New York State Common Retirement Fund bought a new stake in shares of BP in the fourth quarter worth about $17,768,000. Sagefield Capital LP lifted its holdings in shares of BP by 125.2% during the 4th quarter. Sagefield Capital LP now owns 493,556 shares of the oil and gas exploration company’s stock valued at $17,141,000 after purchasing an additional 274,381 shares in the last quarter. Finally, Milford Funds Ltd. acquired a new position in shares of BP in the 4th quarter valued at approximately $8,335,000. 11.01% of the stock is owned by institutional investors.

Key BP News

Here are the key news stories impacting BP this week:

• Positive Sentiment: BP is expected to announce billions of dollars of new investments in Iraq alongside ConocoPhillips, a move that could strengthen its upstream growth prospects and deepen its position in a strategically important energy market. BP, ConocoPhillips to back Iraq with major investments, CNBC reports
• Positive Sentiment: BP’s venture-sale/portfolio optimization efforts may be viewed favorably because they simplify the business, improve capital discipline, and support deleveraging. BP’s Venture Sale Advances Portfolio Optimization & Deleveraging
• Positive Sentiment: BP was highlighted in a Barron’s dividend screen as one of the “safer” high-yield opportunities, which may reinforce investor interest in the stock as an income play. 2 DiviDog Buys By Barron’s Mid-Year Round Table Pros
• Neutral Sentiment: BP is shutting down BP Ventures after nearly 20 years, which may be interpreted as a portfolio cleanup, but it also ends a broader innovation initiative that some investors may see as a loss of optionality. Oil giant BP shutters its corporate venture arm after 20 years
• Neutral Sentiment: BP also drew attention from options traders, with unusually heavy call buying suggesting some speculative bullish positioning, though this does not by itself confirm a fundamental catalyst.

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.