Erste Group Bank Has Negative Outlook of BP FY2027 Earnings

BP p.l.c. (NYSE:BP) – Analysts at Erste Group Bank dropped their FY2027 earnings per share estimates for BP in a report issued on Monday, July 27th. Erste Group Bank analyst H. Engel now forecasts that the oil and gas exploration company will post earnings of $3.90 per share for the year, down from their previous estimate of $3.96. The consensus estimate for BP’s current full-year earnings is $5.69 per share.

A number of other analysts have also issued reports on the stock. BNP Paribas Exane set a $57.00 target price on shares of BP and gave the stock an “outperform” rating in a research report on Friday, April 17th. TD Cowen increased their price target on BP from $40.00 to $41.00 and gave the stock a “hold” rating in a research note on Thursday, July 16th. UBS Group raised BP from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of BP in a research note on Thursday, June 18th. Finally, Piper Sandler initiated coverage on shares of BP in a report on Thursday, July 23rd. They set a “neutral” rating and a $42.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $46.59.

BP Stock Down 1.4%

BP opened at $41.73 on Wednesday. The firm has a market cap of $109.31 billion, a P/E ratio of 34.78, a PEG ratio of 0.72 and a beta of 0.17. The business’s fifty day simple moving average is $41.13 and its 200 day simple moving average is $41.49. BP has a 52 week low of $31.58 and a 52 week high of $48.27. The company has a quick ratio of 0.87, a current ratio of 1.22 and a debt-to-equity ratio of 0.68.

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.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. ORG Partners LLC lifted its position in BP by 16.2% during the fourth quarter. ORG Partners LLC now owns 2,038 shares of the oil and gas exploration company’s stock valued at $71,000 after buying an additional 284 shares in the last quarter. First Horizon Corp raised its stake in shares of BP by 8.1% in the 4th quarter. First Horizon Corp now owns 3,933 shares of the oil and gas exploration company’s stock valued at $137,000 after acquiring an additional 296 shares during the period. Versant Capital Management Inc boosted its position in BP by 4.8% during the 2nd quarter. Versant Capital Management Inc now owns 7,953 shares of the oil and gas exploration company’s stock worth $294,000 after purchasing an additional 366 shares during the period. United Community Bank increased its holdings in BP by 1.3% in the 4th quarter. United Community Bank now owns 29,456 shares of the oil and gas exploration company’s stock valued at $1,023,000 after purchasing an additional 370 shares in the last quarter. Finally, Atlas Brown Inc. lifted its stake in shares of BP by 1.0% during the second quarter. Atlas Brown Inc. now owns 36,925 shares of the oil and gas exploration company’s stock worth $1,364,000 after purchasing an additional 370 shares in the last quarter. Hedge funds and other institutional investors own 11.01% of the company’s stock.

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.