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

Key Points

• Erste Group Bank raised its FY2026 EPS estimate for BP to $5.28 from $5.16, though that is still slightly below the broader consensus forecast of $5.35 per share.
• Analyst sentiment on BP remains mixed but generally positive, with the stock carrying an average “Moderate Buy” rating and an average price target of $46.14 despite some recent downgrades.
• BP beat last quarter’s expectations, reporting $1.24 EPS versus the $1.00 consensus, while revenue of $52.26 billion also came in above estimates.

BP p.l.c. (NYSE:BP - Free Report) - Equities researchers at Erste Group Bank boosted their FY2026 earnings estimates for shares of BP in a research report issued on Friday, June 5th. Erste Group Bank analyst H. Engel now expects that the oil and gas exploration company will earn $5.28 per share for the year, up from their prior estimate of $5.16. The consensus estimate for BP's current full-year earnings is $5.35 per share.

A number of other analysts have also recently weighed in on the stock. Freedom Capital cut shares of BP from a "hold" rating to a "strong sell" rating in a research report on Thursday, February 12th. HSBC raised shares of BP from a "reduce" rating to a "hold" rating and upped their price objective for the company from $35.10 to $45.30 in a research report on Friday, March 20th. BNP Paribas Exane set a $57.00 price objective on shares of BP and gave the company an "outperform" rating in a research report on Friday, April 17th. Morgan Stanley raised shares of BP from an "equal weight" rating to an "overweight" rating and set a $49.40 price objective for the company in a research report on Tuesday, March 24th. Finally, TD Cowen decreased their price objective on shares of BP from $37.00 to $35.00 and set a "hold" rating for the company in a research report on Friday, February 13th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $46.14.

BP Stock Down 0.7%

Shares of BP stock opened at $42.66 on Friday. The company has a fifty day moving average price of $44.96 and a 200 day moving average price of $40.37. The company has a current ratio of 1.22, a quick ratio of 0.87 and a debt-to-equity ratio of 0.68. BP has a twelve month low of $29.58 and a twelve month high of $48.27. The stock has a market cap of $111.72 billion, a price-to-earnings ratio of 35.55, a price-to-earnings-growth ratio of 0.52 and a beta of 0.14.

BP (NYSE:BP - Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The oil and gas exploration company reported $1.24 earnings per share for the quarter, topping analysts' consensus estimates 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 period in the prior year, the company earned $0.53 EPS. The firm's revenue was up 11.4% on a year-over-year basis.

Hedge Funds Weigh In On BP

Large investors have recently modified their holdings of the stock. Strategic Advocates LLC bought a new position in shares of BP during the third quarter worth about $25,000. YANKCOM Partnership lifted its position in shares of BP by 1,068.3% during the fourth quarter. YANKCOM Partnership now owns 958 shares of the oil and gas exploration company's stock worth $33,000 after purchasing an additional 876 shares during the last quarter. Financial Life Planners bought a new position in shares of BP during the first quarter worth about $39,000. Triumph Capital Management bought a new position in shares of BP during the third quarter worth about $43,000. Finally, LRI Investments LLC lifted its position in shares of BP by 76.2% during the fourth quarter. LRI Investments LLC now owns 1,276 shares of the oil and gas exploration company's stock worth $44,000 after purchasing an additional 552 shares during the last quarter. Institutional investors own 11.01% of the company's stock.

BP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, May 15th will be given a dividend of $0.4992 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 4.7%. BP's dividend payout ratio (DPR) is presently 165.00%.

Key Headlines Impacting BP

Here are the key news stories impacting BP this week:

• Positive Sentiment: RBC Capital Markets said BP could have more than 30% upside, citing an improving balance sheet and a supportive commodity environment that is starting to outweigh boardroom noise. BP shares tipped for upside supported by highly supportive trading environment
• Positive Sentiment: Higher oil prices are helping BP’s upstream business, with WTI above $85 and Middle East tensions supporting crude markets; the company also highlighted 14 discoveries since early 2025. How Elevated Oil Prices are Boosting BP's Energy Business
• Positive Sentiment: BP’s management overhaul is being framed as a value-creation move, with the company simplifying into two main segments to sharpen accountability and improve performance. BP announces two-segment overhaul to simplify operations
• Positive Sentiment: Analysts and coverage pieces have highlighted BP’s new organizational structure as a potential catalyst for higher shareholder value, with new business heads named after the revamp. BP Names Heads for Two Main Businesses After Revamp
• Neutral Sentiment: BP won a new three-well drilling contract on the UK Continental Shelf for Noble, a routine operating update that signals continued activity but is unlikely to move the stock much on its own. Noble Secures New Drilling Contract on the UK Continental Shelf
• Neutral Sentiment: BP also backed Coastal Africa Group’s AIM listing with £27 million, an investment that supports its resource strategy but is not a major near-term earnings driver. Coastal Africa joins AIM with BP topping up £27m coffers
• Negative Sentiment: Pomerantz LLP opened an investor investigation into BP, which adds legal overhang and could increase uncertainty for shareholders. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of BP p.l.c. - BP
• Negative Sentiment: Recent leadership exits and questions about board oversight are pressuring sentiment, even as BP argues the restructuring is aimed at simplifying the business. What next for BP? Leadership exits test investor confidence in board oversight

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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