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

BP p.l.c. (NYSE:BP) – Analysts at Erste Group Bank increased their FY2026 earnings per share (EPS) estimates for BP in a report released on Monday, July 27th. Erste Group Bank analyst H. Engel now forecasts that the oil and gas exploration company will earn $5.58 per share for the year, up from their prior forecast of $5.04. The consensus estimate for BP’s current full-year earnings is $5.69 per share.

BP (NYSE:BP) last posted its earnings results on Tuesday, April 28th. The oil and gas exploration company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.24. BP had a return on equity of 12.06% and a net margin of 1.62%.The firm had revenue of $52.26 billion for the quarter, compared to analyst estimates of $48.50 billion. During the same quarter in the prior year, the company earned $0.53 EPS. BP’s revenue was up 11.4% on a year-over-year basis.

Other research analysts have also issued research reports about the company. Argus upgraded BP from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Monday, May 11th. UBS Group upgraded BP from a “neutral” rating to a “buy” rating in a report on Wednesday, April 15th. TD Cowen raised their target price on shares of BP from $40.00 to $41.00 and gave the stock a “hold” rating in a research report on Thursday, July 16th. BNP Paribas Exane set a $57.00 price target on shares of BP and gave the stock an “outperform” rating in a research note on Friday, April 17th. Finally, Wall Street Zen raised shares of BP from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $46.59.

BP Stock Performance

Shares of NYSE BP opened at $43.33 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.22 and a quick ratio of 0.87. The company has a market cap of $113.49 billion, a PE ratio of 36.11, a price-to-earnings-growth ratio of 0.71 and a beta of 0.17. The company has a 50-day simple moving average of $41.09 and a 200-day simple moving average of $41.55. BP has a 12 month low of $31.58 and a 12 month high of $48.27.

Hedge Funds Weigh In On BP

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Gabelli Funds LLC raised its stake in shares of BP by 6.0% during the fourth quarter. Gabelli Funds LLC now owns 392,400 shares of the oil and gas exploration company’s stock valued at $13,628,000 after purchasing an additional 22,100 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in BP by 62.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 111,261 shares of the oil and gas exploration company’s stock valued at $5,229,000 after purchasing an additional 42,894 shares in the last quarter. Sound Shore Management Inc. CT purchased a new stake in BP during the 4th quarter worth $67,890,000. Milford Funds Ltd. acquired a new stake in shares of BP during the fourth quarter valued at about $8,335,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of BP in the 1st quarter valued at approximately $28,136,000. Hedge funds and other institutional investors own 11.01% of the company’s stock.

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.