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

BP p.l.c. (NYSE:BP) – Investment analysts at Erste Group Bank lifted their FY2026 earnings per share (EPS) estimates for shares of BP in a report issued on Thursday, October 8th. Erste Group Bank analyst H. Engel now expects that the oil and gas exploration company will earn $7.38 per share for the year, up from their prior forecast of $6.06. The consensus estimate for BP’s current full-year earnings is $7.43 per share. Erste Group Bank also issued estimates for BP’s FY2027 earnings at $5.04 EPS.

BP (NYSE:BP) last posted its quarterly earnings results 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 business had revenue of $69.11 billion during the quarter, compared to analyst estimates of $57.89 billion. BP had a net margin of 2.49% and a return on equity of 16.63%. The firm’s revenue was up 106.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 earnings per share.

BP has been the subject of a number of other research reports. Zacks Research upgraded shares of BP from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 8th. Freedom Capital upgraded shares of BP from a “strong sell” rating to a “hold” rating in a report on Thursday, August 6th. Citigroup began coverage on shares of BP in a research note on Thursday, October 1st. They issued a “buy” rating on the stock. HSBC upgraded BP from a “hold” rating to a “buy” rating and increased their price objective for the stock from $46.00 to $51.30 in a report on Friday, September 25th. Finally, UBS Group downgraded BP from a “buy” rating to a “hold” rating in a research note on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $48.44.

BP Stock Performance

Shares of BP opened at $48.50 on Wednesday. The company’s 50 day moving average price is $44.19 and its 200 day moving average price is $43.55. BP has a 52 week low of $32.72 and a 52 week high of $48.74. The company has a market capitalization of $127.04 billion, a PE ratio of 9.52, a PEG ratio of 0.48 and a beta of 0.20. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.95 and a current ratio of 1.27.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Affinity Capital Advisors LLC acquired a new stake in BP in the 3rd quarter worth approximately $206,000. Forvis Mazars Wealth Advisors LLC boosted its position in BP by 14.7% during the third quarter. Forvis Mazars Wealth Advisors LLC now owns 12,292 shares of the oil and gas exploration company’s stock worth $541,000 after purchasing an additional 1,573 shares during the period. Accel Wealth Management grew its holdings in BP by 9.4% during the third quarter. Accel Wealth Management now owns 8,349 shares of the oil and gas exploration company’s stock valued at $367,000 after purchasing an additional 720 shares during the last quarter. Sax Wealth Advisors LLC acquired a new position in BP during the third quarter valued at approximately $235,000. Finally, Dupree Financial Group LLC raised its position in shares of BP by 2.9% in the third quarter. Dupree Financial Group LLC now owns 161,280 shares of the oil and gas exploration company’s stock valued at $7,095,000 after purchasing an additional 4,557 shares during the period. 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. Stockholders of record on Friday, August 14th were paid a dividend of $0.5196 per share. This is a boost from BP’s previous quarterly dividend of $0.4992. The ex-dividend date was Friday, August 14th. This represents a $2.08 annualized dividend and a dividend yield of 4.3%. BP’s dividend payout ratio is currently 100.49%.

Key BP News

Here are the key news stories impacting BP this week:

• Positive Sentiment: BP expects third-quarter net debt of $13.5 billion to $14.5 billion, down sharply from $22.3 billion at the end of the second quarter. The reduction means BP has reached its 2027 debt target early, aided by stronger oil prices, energy trading and refining results. BP Debt Shrinks With Boost From Oil and Gas Trading, Refining
• Positive Sentiment: BP forecast a significant increase in its third-quarter refining indicator margin, with reports describing a potential tripling from the prior quarter. Stronger refining profitability should support earnings and cash generation. BP expects net debt to fall sharply as refining margins strengthen
• Positive Sentiment: The company expects significantly higher third-quarter gas trading performance, adding another potential earnings catalyst alongside refining. BP expects significantly higher gas trading in third quarter
• Positive Sentiment: Investors are also responding favorably to higher oil prices, BP’s improving momentum and its plans to use NVIDIA-powered artificial intelligence for geological analysis, drilling decisions and operating efficiency. 4 Oil & Gas Firms Betting on NVIDIA-Powered AI Technology
• Neutral Sentiment: Unusually heavy call-option activity—27,036 calls purchased, 51% above the average daily volume—signals increased bullish speculation, but it does not guarantee future gains.
• Neutral Sentiment: BP plans to present an updated strategy in December, giving new CEO Meg O’Neill an opportunity to outline priorities for growth, capital allocation and the company’s energy transition. BP Plans Strategy Update as Balance Sheet Strengthens
• Negative Sentiment: BP expects up to $4.5 billion in third-quarter net impairment charges, primarily related to its gas and low-carbon businesses. These charges could offset part of the benefit from stronger refining and trading results, although they are generally noncash. BP Flags Up to $4.5 Billion in Impairments as Refining Margins Jump

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.