Brokers Set Expectations for BP’s FY2027 Earnings (NYSE:BP)

BP p.l.c. (NYSE:BP) – Investment analysts at Zacks Research decreased their FY2027 earnings per share estimates for shares of BP in a research note issued to investors on Monday, March 24th. Zacks Research analyst R. Department now anticipates that the oil and gas exploration company will post earnings of $4.22 per share for the year, down from their previous estimate of $4.65. The consensus estimate for BP’s current full-year earnings is $3.53 per share.

BP (NYSE:BP) last posted its quarterly earnings data 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%.

A number of other research analysts have also weighed in on BP. Wells Fargo & Company raised their target price on shares of BP from $30.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 12th. TD Securities reiterated a “hold” rating and set a $36.00 price objective (down previously from $40.00) on shares of BP in a research report on Wednesday, March 19th. Morgan Stanley cut their target price on BP from $34.70 to $31.80 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. JPMorgan Chase & Co. raised shares of BP from an “underweight” rating to a “neutral” rating in a research report on Thursday, February 20th. Finally, Raymond James raised their price objective on shares of BP from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, two have given a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $37.48.

BP Stock Performance

NYSE:BP opened at $34.35 on Wednesday. The company has a market cap of $93.26 billion, a P/E ratio of 429.47, a P/E/G ratio of 1.12 and a beta of 0.58. BP has a twelve month low of $27.82 and a twelve month high of $40.40. The company’s 50-day moving average price is $32.88 and its 200-day moving average price is $31.30. The company has a current ratio of 1.25, a quick ratio of 0.97 and a debt-to-equity ratio of 0.70.

BP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 21st will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date of this dividend is Friday, February 21st. BP’s dividend payout ratio (DPR) is 2,375.00%.

Hedge Funds Weigh In On BP

Several institutional investors have recently bought and sold shares of BP. Ameriprise Financial Inc. boosted its stake in shares of 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 purchasing an additional 38,759 shares during the period. Wedge Capital Management L L P NC boosted its position in 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 buying an additional 14,436 shares during the period. Bank of New York Mellon Corp grew its stake in shares of BP by 30.1% in the fourth 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 acquiring an additional 110,019 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its stake in shares of 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 acquiring an additional 10,262 shares in the last quarter. Finally, Captrust Financial Advisors boosted its holdings in 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 purchasing an additional 5,150 shares during the period. 11.01% of the stock is owned by institutional investors and hedge funds.

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.