Brokers Offer Predictions for BP's FY2026 Earnings (NYSE:BP)

Key Points

• Erste Group raised BP’s FY2026 EPS forecast to $6.00 from $5.70, just below the $6.08 analyst consensus, and projects FY2027 EPS of $4.08.
• BP’s latest quarterly results exceeded expectations, with EPS of $2.22 versus $1.87 expected and revenue of $69.11 billion, up 106.1% year over year.
• Analysts maintain a broadly neutral view: BP has an average “Hold” rating and a consensus price target of $46.36, while the company increased its quarterly dividend to $0.5196 per share, implying a 4.9% yield.

BP p.l.c. (NYSE:BP - Free Report) - Equities research analysts at Erste Group Bank increased their FY2026 earnings per share (EPS) estimates for shares of BP in a research note issued to investors on Thursday, August 27th. Erste Group Bank analyst H. Engel now anticipates that the oil and gas exploration company will post earnings per share of $6.00 for the year, up from their prior forecast of $5.70. The consensus estimate for BP's current full-year earnings is $6.08 per share. Erste Group Bank also issued estimates for BP's FY2027 earnings at $4.08 EPS.

BP (NYSE:BP - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The oil and gas exploration company reported $2.22 EPS for the quarter, topping analysts' consensus estimates of $1.87 by $0.35. The business had revenue of $69.11 billion during the quarter, compared to the consensus estimate of $57.89 billion. BP had a return on equity of 16.63% and a net margin of 2.49%.The business's revenue for the quarter was up 106.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.90 earnings per share.

A number of other equities research analysts have also weighed in on the stock. TD Cowen raised their price objective on shares of BP from $40.00 to $41.00 and gave the company a "hold" rating in a report on Thursday, July 16th. Weiss Ratings upgraded shares of BP from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, August 5th. Piper Sandler increased their target price on BP from $42.00 to $43.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Wells Fargo & Company decreased their price target on BP from $54.00 to $48.00 and set an "equal weight" rating for the company in a report on Wednesday, August 5th. Finally, Freedom Capital raised BP from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 6th. Twelve investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, BP presently has an average rating of "Hold" and a consensus price target of $46.36.

BP Stock Down 0.0%

Shares of BP stock opened at $42.13 on Monday. The company has a quick ratio of 0.95, a current ratio of 1.27 and a debt-to-equity ratio of 0.69. BP has a 52-week low of $32.72 and a 52-week high of $48.27. The company has a market capitalization of $110.36 billion, a P/E ratio of 20.55, a P/E/G ratio of 0.57 and a beta of 0.15. The company has a 50 day moving average of $41.38 and a 200 day moving average of $42.54.

Institutional Investors Weigh In On BP

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Corient Private Wealth LP grew its position in shares of BP by 9.1% during the second quarter. Corient Private Wealth LP now owns 147,398 shares of the oil and gas exploration company's stock worth $5,447,000 after acquiring an additional 12,233 shares during the last quarter. Readystate Asset Management LP raised its position in BP by 322.4% in the 2nd quarter. Readystate Asset Management LP now owns 619,670 shares of the oil and gas exploration company's stock valued at $22,897,000 after purchasing an additional 472,974 shares during the last quarter. Ameritas Advisory Services LLC boosted its stake in BP by 55.5% during the 2nd quarter. Ameritas Advisory Services LLC now owns 28,955 shares of the oil and gas exploration company's stock worth $1,070,000 after purchasing an additional 10,330 shares during the period. HB Wealth Management LLC boosted its stake in BP by 7.7% during the 2nd quarter. HB Wealth Management LLC now owns 41,212 shares of the oil and gas exploration company's stock worth $1,523,000 after purchasing an additional 2,932 shares during the period. Finally, Shah Wealth Advisors LLC purchased a new position in BP during the 2nd quarter worth $289,000. Hedge funds and other institutional investors own 11.01% of the company's stock.

BP Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 14th will be paid a dividend of $0.5196 per share. The ex-dividend date is Friday, August 14th. This represents a $2.08 dividend on an annualized basis and a yield of 4.9%. This is a boost from BP's previous quarterly dividend of $0.50. BP's dividend payout ratio (DPR) is 100.49%.

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.

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