What is Erste Group Bank’s Forecast for BP FY2027 Earnings?

BP p.l.c. (NYSE:BP) – Research analysts at Erste Group Bank issued their FY2027 EPS estimates for shares of BP in a research note issued on Wednesday, February 18th. Erste Group Bank analyst H. Engel expects that the oil and gas exploration company will post earnings of $3.06 per share for the year. The consensus estimate for BP’s current full-year earnings is $3.53 per share.

BP has been the subject of several other reports. Wells Fargo & Company upped their price target on BP from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 5th. Weiss Ratings raised shares of BP from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, January 30th. TD Cowen reduced their price target on shares of BP from $37.00 to $35.00 and set a “hold” rating on the stock in a report on Friday, February 13th. Freedom Capital downgraded shares of BP from a “hold” rating to a “strong sell” rating in a report on Thursday, February 12th. Finally, Argus raised BP to a “hold” rating in a report on Tuesday, February 17th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $37.35.

BP Stock Performance

NYSE:BP opened at $38.21 on Monday. The stock has a 50-day moving average price of $36.10 and a 200 day moving average price of $35.35. The stock has a market capitalization of $100.18 billion, a P/E ratio of -3,816.68, a P/E/G ratio of 1.79 and a beta of 0.33. BP has a 12-month low of $25.22 and a 12-month high of $39.51. The company has a current ratio of 1.26, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

BP (NYSE:BP) last issued its quarterly earnings results on Tuesday, February 10th. The oil and gas exploration company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. BP had a return on equity of 9.68% and a net margin of 0.03%.The business had revenue of $47.38 billion during the quarter, compared to analyst estimates of $42.19 billion. During the same quarter in the prior year, the business posted $0.44 EPS. BP’s revenue for the quarter was up 3.6% compared to the same quarter last year.

BP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, February 20th will be given a $0.4992 dividend. The ex-dividend date is Friday, February 20th. This represents a $2.00 annualized dividend and a yield of 5.2%. BP’s dividend payout ratio (DPR) is currently -19,800.00%.

Institutional Investors Weigh In On BP

Several institutional investors have recently modified their holdings of BP. Strategic Advocates LLC bought a new stake in BP in the third quarter worth $25,000. Heartwood Wealth Advisors LLC purchased a new position in shares of BP during the 3rd quarter worth about $26,000. Twin Peaks Wealth Advisors LLC bought a new position in BP during the 2nd quarter valued at about $27,000. YANKCOM Partnership raised its position 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 purchasing an additional 876 shares during the period. Finally, Triumph Capital Management purchased a new position in shares of BP during the third quarter valued at approximately $43,000. 11.01% of the stock is owned by institutional investors.

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.