Erste Group Bank Issues Optimistic Forecast for BP Earnings

Posted by on Sep 11th, 2026

BP p.l.c. (NYSE:BP – Free Report) – Analysts at Erste Group Bank boosted their FY2026 earnings estimates for BP in a research note issued on Tuesday, September 8th. Erste Group Bank analyst H. Engel now forecasts that the oil and gas exploration company will post earnings of $6.06 per share for the year, up from their previous forecast of $6.00. The consensus estimate for BP’s current full-year earnings is $6.45 per share. Erste Group Bank also issued estimates for BP’s FY2027 earnings at $4.20 EPS.

BP (NYSE:BP – Get Free Report) last issued its earnings results on Monday, August 3rd. The oil and gas exploration company reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.35. BP had a return on equity of 16.63% and a net margin of 2.49%.The business had revenue of $69.11 billion during the quarter, compared to analyst estimates of $57.89 billion. During the same quarter in the prior year, the firm earned $0.90 earnings per share. BP’s revenue for the quarter was up 106.1% on a year-over-year basis.

A number of other research firms have also weighed in on BP. Freedom Capital raised BP from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 6th. Piper Sandler upped their price target on shares of BP from $43.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, September 3rd. Morgan Stanley reissued an “overweight” rating on shares of BP in a report on Friday, September 4th. Zacks Research upgraded shares of BP from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Finally, Weiss Ratings upgraded shares of BP from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $46.59.

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BP Stock Performance

NYSE BP opened at $46.11 on Friday. The company has a 50-day simple moving average of $42.57 and a two-hundred day simple moving average of $42.95. BP has a 12-month low of $32.72 and a 12-month high of $48.27. The firm has a market cap of $120.78 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 0.58 and a beta of 0.15. The company has a quick ratio of 0.95, a current ratio of 1.27 and a debt-to-equity ratio of 0.69.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. HBK Sorce Advisory LLC increased its position in shares of BP by 2.9% during the 2nd quarter. HBK Sorce Advisory LLC now owns 11,424 shares of the oil and gas exploration company’s stock worth $422,000 after purchasing an additional 317 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of BP by 4.8% in the 2nd quarter. Versant Capital Management Inc now owns 7,953 shares of the oil and gas exploration company’s stock valued at $294,000 after buying an additional 366 shares during the last quarter. Atlas Brown Inc. grew its stake in shares of BP by 1.0% in the second quarter. Atlas Brown Inc. now owns 36,925 shares of the oil and gas exploration company’s stock valued at $1,364,000 after buying an additional 370 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in BP by 7.0% during the third quarter. Brown Brothers Harriman & Co. now owns 5,738 shares of the oil and gas exploration company’s stock worth $198,000 after buying an additional 374 shares during the last quarter. Finally, Denali Advisors LLC raised its position in BP by 2.0% during the second quarter. Denali Advisors LLC now owns 19,709 shares of the oil and gas exploration company’s stock worth $728,000 after acquiring an additional 384 shares in the last quarter. Hedge funds and other institutional investors own 11.01% of the company’s stock.

BP Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 14th will be given a dividend of $0.5196 per share. This is an increase from BP’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Friday, August 14th. BP’s dividend payout ratio is presently 100.49%.

More BP News

Here are the key news stories impacting BP this week:

  • Positive Sentiment: Zacks upgrade: Zacks Research upgraded BP from “Hold” to “Strong Buy,” reinforcing the view that the stock offers attractive value at its current valuation. BP was also included in Zacks’ Strong Buy lists for value, growth, income, momentum, and overall stock selection. New Strong Buy Stocks for September 9th
  • Positive Sentiment: Oil-price and valuation appeal: Zacks described BP as one of the better ways to gain exposure to high oil prices without paying a premium multiple. Its latest quarterly results also exceeded earnings and revenue expectations, with revenue more than doubling from the prior-year period. Why BP Is One of the Best Oil Stocks to Buy Right Now
  • Positive Sentiment: Potential North Sea asset interest: Reports that prospective buyers may be interested in BP’s North Sea operations could create the possibility of asset-sale proceeds, portfolio simplification, or improved capital returns, although no transaction has been confirmed. BP North Sea Operations Garner Interest From Potential Buyers
  • Neutral Sentiment: Gulf of Mexico development: Shell acquired a 30% working interest in Conifer, a BP-operated exploration prospect near the Kaskida development. The deal validates the project’s potential, while BP retains operatorship and exposure to future development upside. Could Shell’s Superior Cash Flow Make It a Better Bet Than BP?
  • Negative Sentiment: Whiting refinery labor dispute: A lockout at BP’s Whiting refinery is approaching six months as the company and the union remain at odds, maintaining operational and labor-relations risk. BP Whiting Refinery Lockout Nears Six Months

BP Company Profile

(Get Free Report)

BP p.l.c. is a global integrated energy company headquartered in London, England. Its operations span the energy value chain, including exploration and production of oil and natural gas, refining, fuel marketing, energy trading and transportation. BP also produces and markets lubricants through its Castrol brand and supplies fuels through retail networks operating under brands such as BP, Aral and ampm.

The company has operations and business relationships across multiple regions, including the Americas, Europe, the Middle East, Africa and Asia-Pacific.

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