Research Analysts Set Expectations for BP Q4 Earnings

Key Points

• Zacks Research$0.59 EPS in Q4 2026 and rates the stock a Strong‑Buy; MarketBeat shows a consensus "Moderate Buy" with a $41.43 price target and a full‑year EPS consensus of $3.53.
• BP has near‑term growth catalysts — agreeing to buy a 60% stake in three offshore Namibian blocks and announcing a gas discovery offshore Egypt — but also faces risks from a >800‑worker lockout at its Whiting refinery and rising governance pressure ahead of its AGM.
• BP recently beat quarterly estimates with $0.60 EPS and $47.38 billion revenue, and continues to pay a quarterly dividend of $0.4992 (about $2.00 annually), implying roughly a 4.3% yield.

BP p.l.c. (NYSE:BP - Free Report) - Analysts at Zacks Research issued their Q4 2026 earnings estimates for shares of BP in a report issued on Thursday, April 9th. Zacks Research analyst Team expects that the oil and gas exploration company will earn $0.59 per share for the quarter. Zacks Research currently has a "Strong-Buy" rating on the stock. The consensus estimate for BP's current full-year earnings is $3.53 per share. Zacks Research also issued estimates for BP's Q3 2027 earnings at $0.99 EPS and FY2027 earnings at $3.33 EPS.

BP (NYSE:BP - Get Free Report) last issued its earnings results on Monday, February 9th. The oil and gas exploration company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. BP had a net margin of 0.03% and a return on equity of 9.68%. The business had revenue of $47.38 billion during the quarter, compared to analysts' expectations of $42.19 billion. During the same quarter in the prior year, the business posted $0.44 EPS. The company's revenue for the quarter was up 3.6% on a year-over-year basis.

BP has been the subject of several other research reports. Weiss Ratings upgraded shares of BP from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, March 24th. Melius Research downgraded shares of BP from a "buy" rating to a "sell" rating and set a $31.00 price target for the company. in a research report on Wednesday, February 11th. Argus upgraded shares of BP to a "hold" rating in a research report on Tuesday, February 17th. HSBC upgraded shares of BP from a "reduce" rating to a "hold" rating and upped their price target for the company from $35.10 to $45.30 in a research report on Friday, March 20th. Finally, BNP Paribas Exane downgraded shares of BP from an "outperform" rating to a "hold" rating and set a $38.50 price target for the company. in a research report on Thursday, February 12th. Four equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, BP has a consensus rating of "Moderate Buy" and a consensus target price of $41.43.

BP Trading Down 0.2%

Shares of BP stock opened at $46.36 on Tuesday. The company has a fifty day simple moving average of $41.88 and a 200-day simple moving average of $37.59. BP has a 12-month low of $26.55 and a 12-month high of $48.27. The company has a current ratio of 1.26, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The stock has a market cap of $121.56 billion, a price-to-earnings ratio of -4,631.57, a PEG ratio of 0.75 and a beta of 0.21.

BP Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, February 20th were given a dividend of $0.4992 per share. The ex-dividend date was Friday, February 20th. This represents a $2.00 dividend on an annualized basis and a yield of 4.3%. BP's dividend payout ratio is presently -19,800.00%.

Hedge Funds Weigh In On BP

A number of large investors have recently bought and sold shares of BP. Rhumbline Advisers raised its position in BP by 4.2% during the 2nd quarter. Rhumbline Advisers now owns 39,146 shares of the oil and gas exploration company's stock worth $1,172,000 after buying an additional 1,588 shares during the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of BP by 7.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 8,295 shares of the oil and gas exploration company's stock valued at $248,000 after purchasing an additional 568 shares in the last quarter. IHT Wealth Management LLC increased its holdings in shares of BP by 3.3% in the 2nd quarter. IHT Wealth Management LLC now owns 12,513 shares of the oil and gas exploration company's stock valued at $375,000 after purchasing an additional 398 shares in the last quarter. WFA of San Diego LLC purchased a new position in shares of BP in the 2nd quarter valued at about $46,000. Finally, Rexford Capital Inc. purchased a new position in shares of BP in the 2nd quarter valued at about $209,000. Hedge funds and other institutional investors own 11.01% of the company's stock.

Key Headlines Impacting BP

Here are the key news stories impacting BP this week:

• Positive Sentiment: BP agreed to buy a 60% operating stake in three offshore Namibian exploration blocks from Eco Atlantic, expanding its upstream footprint and taking operatorship (supports long‑term production upside). BP to buy majority interest in three offshore Namibian blocks
• Positive Sentiment: BP announced a gas discovery offshore Egypt with fast‑track development potential — a nearer‑term resource that could add production and cash flow if appraisal and sanctioning proceed. BP announces gas discovery offshore Egypt with fast-track potential
• Positive Sentiment: Oil prices jumped after talks between the US and Iran broke down, giving short‑term support to oil majors including BP (helps near‑term revenue/profitability). Shell and BP shares lifted as oil rebounds on breakdown of US-Iran peace talks
• Neutral Sentiment: Analyst writeups (Zacks, Yahoo) debate whether BP is outperforming peers and if the stock is undervalued; these pieces synthesize earnings trends and valuation metrics but don’t present new company‑specific news. Is BP (BP) Outperforming Other Oils-Energy Stocks This Year? Are Investors Undervaluing BP (BP) Right Now
• Negative Sentiment: The lockout of more than 800 workers at BP’s Whiting, Indiana refinery has entered a fourth week; use of replacement staff, unresolved concession disputes and safety/operational concerns raise near‑term refining risk and could pressure refining margins and local operations. BP, USW give negotiations updates amid Whiting refinery lockout
• Negative Sentiment: Governance risk is rising ahead of BP’s AGM after the board blocked a climate resolution and proxy advisers recommended voting against management — a potential reputational and strategic flashpoint that could influence investor sentiment and long‑term strategy. Why pressure is mounting at oil giant BP ahead of its annual general meeting

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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