FY2027 Earnings Estimate for BP Issued By Erste Group Bank

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

Several other research analysts also recently commented on the company. Bank of America downgraded BP from a “neutral” rating to an “underperform” rating in a report on Friday, December 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. Barclays reissued an “overweight” rating on shares of BP in a research report on Friday, December 12th. HSBC downgraded shares of BP from a “hold” rating to a “reduce” rating and set a $38.50 price objective on the stock. in a research note on Thursday, February 12th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of BP in a research note on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $37.35.

BP Stock Performance

Shares of NYSE:BP opened at $38.21 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 1.26. The firm has a market cap of $100.18 billion, a PE ratio of -3,816.68, a price-to-earnings-growth ratio of 1.79 and a beta of 0.33. The firm’s 50 day simple moving average is $36.10 and its 200-day simple moving average is $35.35. BP has a one year low of $25.22 and a one year high of $39.51.

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

Institutional Trading of BP

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ethic Inc. grew its stake in BP by 32.3% during the 2nd quarter. Ethic Inc. now owns 19,253 shares of the oil and gas exploration company’s stock worth $584,000 after buying an additional 4,699 shares during the last quarter. Leavell Investment Management Inc. acquired a new stake in BP in the second quarter worth about $216,000. Transcend Capital Advisors LLC grew its stake in shares of BP by 2.7% during the second quarter. Transcend Capital Advisors LLC now owns 35,694 shares of the oil and gas exploration company’s stock worth $1,068,000 after acquiring an additional 953 shares during the last quarter. Rossby Financial LCC increased its holdings in shares of BP by 146.6% during the second quarter. Rossby Financial LCC now owns 1,736 shares of the oil and gas exploration company’s stock valued at $52,000 after acquiring an additional 1,032 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in BP by 37.4% in the 2nd quarter. Arkadios Wealth Advisors now owns 66,910 shares of the oil and gas exploration company’s stock worth $2,003,000 after purchasing an additional 18,211 shares in the last quarter. Hedge funds and other institutional investors own 11.01% of the company’s stock.

BP Dividend Announcement

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

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.