What is Erste Group Bank's Estimate for BP FY2026 Earnings?

BP p.l.c. (NYSE:BP - Free Report) - Analysts at Erste Group Bank increased their FY2026 EPS estimates for shares of BP in a report released on Thursday, October 8th. Erste Group Bank analyst H. Engel now expects that the oil and gas exploration company will post earnings of $7.38 per share for the year, up from their prior estimate of $6.06. The consensus estimate for BP's current full-year earnings is $7.43 per share. Erste Group Bank also issued estimates for BP's FY2027 earnings at $5.04 EPS.

Other equities analysts have also issued reports about the company. HSBC raised BP from a "hold" rating to a "buy" rating and increased their price target for the company from $46.00 to $51.30 in a research note on Friday, September 25th. UBS Group downgraded BP from a "buy" rating to a "hold" rating in a research note on Thursday, October 1st. Freedom Capital upgraded BP from a "strong sell" rating to a "hold" rating in a report on Thursday, August 6th. Wall Street Zen raised BP from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 18th. Finally, Evercore raised BP to an "outperform" rating in a report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $48.44.

BP Price Performance

Shares of NYSE:BP opened at $48.50 on Wednesday. The stock has a market cap of $127.04 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 0.48 and a beta of 0.20. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.27 and a quick ratio of 0.95. BP has a 12 month low of $32.72 and a 12 month high of $48.74. The stock's 50 day moving average price is $44.19 and its 200 day moving average price is $43.55.

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

Institutional Investors Weigh In On BP

A number of institutional investors and hedge funds have recently modified their holdings of BP. Financial Life Planners acquired a new position in BP in the 1st quarter worth approximately $39,000. Security National Bank of Sioux City Iowa IA purchased a new position in BP during the 2nd quarter worth approximately $36,000. Gill Capital Partners LLC raised its stake in BP by 53.2% during the 2nd quarter. Gill Capital Partners LLC now owns 1,376 shares of the oil and gas exploration company's stock valued at $51,000 after purchasing an additional 478 shares during the period. Community Bank N.A. lifted its holdings in shares of BP by 237.0% in the second quarter. Community Bank N.A. now owns 1,685 shares of the oil and gas exploration company's stock valued at $62,000 after purchasing an additional 1,185 shares in the last quarter. Finally, Trust Co. of Vermont purchased a new stake in shares of BP in the second quarter valued at $73,000. 11.01% of the stock is owned by institutional investors and hedge funds.

BP Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, August 14th were issued a $0.5196 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Friday, August 14th. This is a positive change from BP's previous quarterly dividend of $0.4992. BP's payout ratio is presently 100.49%.

Trending Headlines about BP

Here are the key news stories impacting BP this week:

• Positive Sentiment: BP expects third-quarter net debt of $13.5 billion to $14.5 billion, down sharply from $22.3 billion at the end of the second quarter. The reduction means BP has reached its 2027 debt target early, aided by stronger oil prices, energy trading and refining results. BP Debt Shrinks With Boost From Oil and Gas Trading, Refining
• Positive Sentiment: BP forecast a significant increase in its third-quarter refining indicator margin, with reports describing a potential tripling from the prior quarter. Stronger refining profitability should support earnings and cash generation. BP expects net debt to fall sharply as refining margins strengthen
• Positive Sentiment: The company expects significantly higher third-quarter gas trading performance, adding another potential earnings catalyst alongside refining. BP expects significantly higher gas trading in third quarter
• Positive Sentiment: Investors are also responding favorably to higher oil prices, BP’s improving momentum and its plans to use NVIDIA-powered artificial intelligence for geological analysis, drilling decisions and operating efficiency. 4 Oil & Gas Firms Betting on NVIDIA-Powered AI Technology
• Neutral Sentiment: Unusually heavy call-option activity—27,036 calls purchased, 51% above the average daily volume—signals increased bullish speculation, but it does not guarantee future gains.
• Neutral Sentiment: BP plans to present an updated strategy in December, giving new CEO Meg O’Neill an opportunity to outline priorities for growth, capital allocation and the company’s energy transition. BP Plans Strategy Update as Balance Sheet Strengthens
• Negative Sentiment: BP expects up to $4.5 billion in third-quarter net impairment charges, primarily related to its gas and low-carbon businesses. These charges could offset part of the benefit from stronger refining and trading results, although they are generally noncash. BP Flags Up to $4.5 Billion in Impairments as Refining Margins Jump

BP Company Profile

BP p.l.c. is a global integrated energy company headquartered in London, United Kingdom. Its operations span the exploration, development and production of oil and natural gas, as well as the processing, refining, transportation and marketing of energy products.

Through its businesses, BP supplies fuels for road transportation, aviation and marine use, along with lubricants marketed under the Castrol brand. The company also operates retail fuel and convenience locations and provides energy products and services to commercial and industrial customers.

BP has expanded its activities beyond traditional hydrocarbons to include lower-carbon businesses such as renewable power, bioenergy, electric-vehicle charging and hydrogen.

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