Scotiabank Has Optimistic Outlook of BP FY2026 Earnings

BP p.l.c. (NYSE:BP) – Scotiabank boosted their FY2026 earnings per share (EPS) estimates for BP in a report released on Thursday, February 19th. Scotiabank analyst P. Cheng now anticipates that the oil and gas exploration company will earn $1.55 per share for the year, up from their previous forecast of $1.25. The consensus estimate for BP’s current full-year earnings is $3.53 per share. Scotiabank also issued estimates for BP’s FY2027 earnings at $2.10 EPS.

BP (NYSE:BP) last issued its quarterly earnings data on Tuesday, February 10th. 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. The business had revenue of $47.38 billion during the quarter, compared to analyst estimates of $42.19 billion. BP had a return on equity of 9.68% and a net margin of 0.03%.BP’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 EPS.

A number of other equities analysts have also weighed in on the stock. HSBC lowered shares of BP from a “hold” rating to a “reduce” rating and set a $38.50 target price for the company. in a research note on Thursday, February 12th. Argus upgraded BP to a “hold” rating in a report on Tuesday, February 17th. TD Cowen cut their target price on BP from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Friday, February 13th. Barclays reaffirmed an “overweight” rating on shares of BP in a research note on Friday, December 12th. Finally, Weiss Ratings upgraded shares of BP from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, January 30th. Two investment 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 assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $37.35.

BP Stock Down 2.1%

BP stock opened at $38.21 on Monday. The company has a 50 day moving average of $36.10 and a 200-day moving average of $35.35. The company has a quick ratio of 0.98, a current ratio of 1.26 and a debt-to-equity ratio of 0.74. BP has a twelve month low of $25.22 and a twelve month high of $39.51. The stock has a market capitalization 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.

BP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, February 20th will be issued 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 -19,800.00%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BP. Strategic Advocates LLC purchased a new position in BP during the third quarter valued at $25,000. Heartwood Wealth Advisors LLC bought a new stake in BP in the 3rd quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC purchased a new stake in BP during the second quarter valued at $27,000. YANKCOM Partnership lifted its stake in shares of 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 bought a new stake in shares of BP during the 3rd quarter valued at $43,000. 11.01% of the stock is owned by hedge funds and other institutional investors.

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.