Research Analysts Issue Forecasts for BP FY2027 Earnings

BP p.l.c. (NYSE:BP) – Equities researchers at Zacks Research lowered their FY2027 earnings per share (EPS) estimates for shares of BP in a research report issued on Monday, March 24th. Zacks Research analyst R. Department now anticipates that the oil and gas exploration company will earn $4.22 per share for the year, down from their prior forecast of $4.65. The consensus estimate for BP’s current full-year earnings is $3.53 per share.

BP (NYSE:BP) last released its quarterly earnings results on Tuesday, February 11th. The oil and gas exploration company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.12). BP had a net margin of 0.20% and a return on equity of 10.96%.

BP has been the subject of a number of other research reports. Piper Sandler lowered their price objective on BP from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. JPMorgan Chase & Co. raised BP from an “underweight” rating to a “neutral” rating in a report on Thursday, February 20th. Wells Fargo & Company increased their price objective on shares of BP from $30.00 to $37.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 12th. Wolfe Research set a $50.00 target price on shares of BP in a research report on Tuesday, January 14th. Finally, Morgan Stanley decreased their price target on shares of BP from $34.70 to $31.80 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, two have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $37.48.

BP Price Performance

Shares of BP opened at $34.35 on Wednesday. The company has a 50 day moving average of $32.88 and a two-hundred day moving average of $31.30. The company has a market cap of $93.26 billion, a price-to-earnings ratio of 429.47, a price-to-earnings-growth ratio of 1.12 and a beta of 0.58. The company has a quick ratio of 0.97, a current ratio of 1.25 and a debt-to-equity ratio of 0.70. BP has a twelve month low of $27.82 and a twelve month high of $40.40.

BP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be given a $0.48 dividend. The ex-dividend date is Friday, February 21st. This represents a $1.92 annualized dividend and a yield of 5.59%. BP’s dividend payout ratio is presently 2,375.00%.

Hedge Funds Weigh In On BP

Several institutional investors have recently made changes to their positions in BP. Ameriprise Financial Inc. increased its holdings in BP by 4.3% in the fourth quarter. Ameriprise Financial Inc. now owns 940,786 shares of the oil and gas exploration company’s stock valued at $27,810,000 after buying an additional 38,759 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in shares of BP by 2.2% in the 4th quarter. Wedge Capital Management L L P NC now owns 660,538 shares of the oil and gas exploration company’s stock valued at $19,526,000 after purchasing an additional 14,436 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in BP by 30.1% in the 4th quarter. Bank of New York Mellon Corp now owns 474,957 shares of the oil and gas exploration company’s stock worth $14,040,000 after purchasing an additional 110,019 shares during the period. Kornitzer Capital Management Inc. KS grew its holdings in BP by 2.3% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 465,242 shares of the oil and gas exploration company’s stock valued at $13,753,000 after purchasing an additional 10,262 shares during the period. Finally, Captrust Financial Advisors increased its position in shares of BP by 1.2% in the third quarter. Captrust Financial Advisors now owns 440,973 shares of the oil and gas exploration company’s stock valued at $13,842,000 after buying an additional 5,150 shares in the last quarter. 11.01% of the stock is owned by hedge funds and other institutional investors.

BP Company Profile

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.