BP p.l.c. (NYSE:BP – Free Report) – Analysts at Erste Group Bank upped their FY2026 earnings estimates for BP in a report released on Thursday, August 27th. Erste Group Bank analyst H. Engel now expects that the oil and gas exploration company will earn $6.00 per share for the year, up from their prior forecast of $5.70. The consensus estimate for BP’s current full-year earnings is $6.08 per share. Erste Group Bank also issued estimates for BP’s FY2027 earnings at $4.08 EPS.
BP (NYSE:BP – Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The oil and gas exploration company reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.35. The firm had revenue of $69.11 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.90 earnings per share.
BP Stock Up 3.8%
BP stock opened at $44.49 on Monday. The company has a 50 day moving average of $41.55 and a two-hundred day moving average of $42.62. The company has a market cap of $116.54 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 0.58 and a beta of 0.15. BP has a 12-month low of $32.72 and a 12-month high of $48.27. The company has a quick ratio of 0.95, a current ratio of 1.27 and a debt-to-equity ratio of 0.69.
BP Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 14th will be given a dividend of $0.5196 per share. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from BP’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 4.7%. BP’s dividend payout ratio (DPR) is currently 100.49%.
Institutional Trading of BP
Institutional investors and hedge funds have recently made changes to their positions in the stock. Financial Life Planners acquired a new position in shares of BP during the 1st quarter valued at about $39,000. Triumph Capital Management acquired a new stake in BP in the 3rd quarter worth approximately $43,000. LRI Investments LLC lifted its holdings in BP by 76.2% in the 4th quarter. LRI Investments LLC now owns 1,276 shares of the oil and gas exploration company’s stock worth $44,000 after purchasing an additional 552 shares during the last quarter. Gill Capital Partners LLC boosted its position in BP by 53.2% during the second quarter. Gill Capital Partners LLC now owns 1,376 shares of the oil and gas exploration company’s stock worth $51,000 after purchasing an additional 478 shares during the period. Finally, WFA of San Diego LLC acquired a new position in BP during the second quarter valued at approximately $46,000. Institutional investors and hedge funds own 11.01% of the company’s stock.
BP Company Profile
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.
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