Erste Group Bank Has Bullish Estimate for BP FY2026 Earnings

BP p.l.c. (NYSE:BP) – Erste Group Bank raised their FY2026 earnings per share estimates for shares of BP in a research note issued to investors on Wednesday, October 21st. Erste Group Bank analyst H. Engel now expects that the oil and gas exploration company will post earnings of $8.16 per share for the year, up from their previous forecast of $7.38. The consensus estimate for BP’s current full-year earnings is $8.08 per share.

BP (NYSE:BP) last announced its quarterly earnings data on Monday, August 3rd. The oil and gas exploration company reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.35. The company had revenue of $69.11 billion for the quarter, compared to the consensus estimate of $57.89 billion. During the same quarter in the prior year, the company earned $0.90 EPS. The company’s revenue for the quarter was up 106.1% on a year-over-year basis.

Other research analysts also recently issued research reports about the stock. Citigroup started coverage on shares of BP in a research report on Thursday, October 1st. They issued a “buy” rating for the company. BTIG Research lowered BP to a “neutral” rating in a research note on Thursday, October 1st. DA Davidson set a $49.00 target price on BP in a research note on Tuesday, October 20th. UBS Group lowered BP from a “buy” rating to a “hold” rating in a report on Thursday, October 1st. Finally, Weiss Ratings upgraded BP from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $49.44.

BP Trading Down 3.2%

Shares of BP opened at $48.91 on Wednesday. The company’s fifty day simple moving average is $45.60 and its 200 day simple moving average is $42.66. BP has a 1-year low of $33.22 and a 1-year high of $51.49. The company has a market cap of $128.13 billion, a price-to-earnings ratio of 23.86 and a beta of 0.20.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BP. Curry Webb Wealth Management LLC acquired a new stake in BP during the third quarter worth approximately $33,000. Security National Bank of Sioux City Iowa IA bought a new stake in shares of BP during the second quarter worth approximately $36,000. Financial Life Planners bought a new stake in shares of BP during the first quarter worth approximately $39,000. Financial Network Wealth Advisors LLC grew its position in shares of BP by 100.2% in the third quarter. Financial Network Wealth Advisors LLC now owns 991 shares of the oil and gas exploration company’s stock valued at $44,000 after purchasing an additional 496 shares during the last quarter. Finally, Sawyer & Company Inc acquired a new position in shares of BP in the third quarter valued at approximately $49,000. 11.01% of the stock is owned by institutional investors.

BP Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, August 14th were paid a $0.5196 dividend. This is an increase from BP’s previous quarterly dividend of $0.4992. The ex-dividend date was Friday, August 14th. This represents a $2.08 dividend on an annualized basis and a yield of 4.2%. BP’s dividend payout ratio (DPR) is currently 100.00%.

Key Stories Impacting BP

Here are the key news stories impacting BP this week:

• Positive Sentiment: Erste Group Bank raised its FY2026 EPS forecast for BP to $8.16 from $7.38, above the $8.08 consensus estimate. The firm also increased its FY2027 forecast to $5.16 from $5.04, signaling improved expectations for profitability. MarketBeat BP earnings estimate report
• Positive Sentiment: Visible Alpha expects third-quarter revenue of approximately $69.36 billion, up 40.8% year over year. Stronger energy prices and refining performance could support another earnings beat when BP reports Friday. BP Earnings Preview: Q3 2026
• Positive Sentiment: BP and Louisiana reached an agreement intended to resolve outstanding Deepwater Horizon-related coastal lawsuits. The settlement may reduce legal uncertainty, although the financial terms and cash-flow impact remain important details for investors. BP and Louisiana resolve Deepwater Horizon lawsuits
• Neutral Sentiment: Although revenue is expected to rise, upstream production is projected at 2.21 million barrels of oil equivalent per day, down 6.5% from a year earlier and largely flat sequentially. Investors will focus on whether pricing and refining margins offset weaker volumes.
• Negative Sentiment: BP reportedly faces potential write-downs of up to $4.5 billion before earnings. The charge could pressure reported results and raise questions about asset values and the balance sheet, despite recent share-price strength. BP potential write-downs ahead of earnings
• Negative Sentiment: Short interest increased 61.8% in October, indicating greater bearish positioning, though short interest remains only 0.3% of shares outstanding and the days-to-cover ratio is low.

BP Company Profile

BP p.l.c. is a global integrated energy company headquartered in London, United Kingdom. Its operations span the exploration, development and production of oil and natural gas, as well as the processing, refining, transportation and marketing of energy products.

Through its businesses, BP supplies fuels for road transportation, aviation and marine use, along with lubricants marketed under the Castrol brand. The company also operates retail fuel and convenience locations and provides energy products and services to commercial and industrial customers.

BP has expanded its activities beyond traditional hydrocarbons to include lower-carbon businesses such as renewable power, bioenergy, electric-vehicle charging and hydrogen.