Analysts Issue Forecasts for BP's FY2026 Earnings (NYSE:BP)

BP p.l.c. (NYSE:BP - Free Report) - Stock analysts at Scotiabank upped their FY2026 earnings estimates for BP in a report issued on Thursday, April 23rd. Scotiabank analyst B. Zhang now anticipates that the oil and gas exploration company will post earnings per share of $5.70 for the year, up from their prior forecast of $1.55. Scotiabank currently has a "Sector Outperform" rating and a $58.00 target price on the stock. The consensus estimate for BP's current full-year earnings is $4.54 per share. Scotiabank also issued estimates for BP's FY2027 earnings at $4.00 EPS.

BP (NYSE:BP - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The oil and gas exploration company reported $20.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.75 by $19.92. The firm had revenue of $52.26 billion during the quarter, compared to analysts' expectations of $48.43 billion. BP had a net margin of 0.03% and a return on equity of 9.68%.

BP has been the topic of a number of other reports. Wells Fargo & Company raised their price target on shares of BP from $39.00 to $54.00 and gave the company an "equal weight" rating in a research report on Thursday, April 9th. Evercore set a $38.00 price target on shares of BP and gave the company an "in-line" rating in a research report on Tuesday, January 6th. TD Cowen dropped their price target on shares of BP from $37.00 to $35.00 and set a "hold" rating on the stock in a research report on Friday, February 13th. Morgan Stanley raised shares of BP from an "equal weight" rating to an "overweight" rating and set a $49.40 price target on the stock in a research report on Tuesday, March 24th. Finally, UBS Group raised shares of BP from a "neutral" rating to a "buy" rating in a research report on Wednesday, April 15th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $44.39.

BP Stock Down 0.6%

BP opened at $45.98 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.26 and a quick ratio of 0.98. The company's 50-day moving average is $43.44 and its 200 day moving average is $38.39. BP has a fifty-two week low of $27.20 and a fifty-two week high of $48.27. The firm has a market capitalization of $120.43 billion, a P/E ratio of -4,593.71, a PEG ratio of 0.65 and a beta of 0.21.

BP Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, February 20th were given a $0.4992 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a $2.00 annualized dividend and a dividend yield of 4.3%. BP's payout ratio is -19,800.00%.

Hedge Funds Weigh In On BP

Several hedge funds have recently bought and sold shares of BP. Strategic Advocates LLC purchased a new position in BP during the third quarter valued at approximately $25,000. YANKCOM Partnership grew its stake in BP by 1,068.3% in the 4th quarter. YANKCOM Partnership now owns 958 shares of the oil and gas exploration company's stock worth $33,000 after buying an additional 876 shares in the last quarter. Financial Life Planners purchased a new position in BP in the 1st quarter worth approximately $39,000. Triumph Capital Management purchased a new position in BP in the 3rd quarter worth approximately $43,000. Finally, LRI Investments LLC grew its stake in BP by 76.2% in the 4th quarter. LRI Investments LLC now owns 1,276 shares of the oil and gas exploration company's stock worth $44,000 after buying an additional 552 shares in the last quarter. Hedge funds and other institutional investors own 11.01% of the company's stock.

BP News Summary

Here are the key news stories impacting BP this week:

• Positive Sentiment: BP’s Q1 beat — BP reported an underlying replacement cost profit of about $3.2B and earnings that topped analyst expectations, with the company highlighting exceptional trading and higher oil prices as drivers. This is the main reason the stock is up. Reuters: BP profit beats expectations
• Positive Sentiment: Trading and refining contribution — Management said trading and refining benefited from the surge and volatility in oil markets after the Iran war, boosting near‑term profitability beyond upstream price exposure. WSJ: BP trading boosts earnings
• Positive Sentiment: Analyst upgrades — Scotiabank sharply raised EPS forecasts for FY2026 and FY2027 and kept a "Sector Outperform" rating with a $58 price target, signaling higher expected cash flow and supporting further upside relative to the current share price. MarketBeat: Scotiabank raises estimates
• Neutral Sentiment: Dividend yield and income appeal — BP remains a high‑yield name (recently cited ~4.3% yield), which may attract income investors even as earnings swing with commodity volatility. Yahoo Finance: Analysts turn more bullish
• Negative Sentiment: Governance/headwinds — The quarter came shortly after a shareholder revolt and management changes (new CEO), highlighting governance and strategy uncertainty that could weigh on investor sentiment despite the strong quarter. Seeking Alpha: New CEO and shareholder revolt

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.

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