Equities Analysts Offer Predictions for BP FY2027 Earnings

BP p.l.c. (NYSE:BP - Free Report) - Analysts at Zacks Research reduced their FY2027 EPS estimates for 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 prior forecast of $4.65. The consensus estimate for BP's current full-year earnings is $3.53 per share.

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

Other equities analysts also recently issued reports about the stock. Raymond James raised their price target on shares of BP from $36.00 to $37.00 and gave the stock an "outperform" rating in a research note on Friday, January 17th. Piper Sandler lowered their target price on BP from $36.00 to $32.00 and set a "neutral" rating on the stock in a report on Thursday, December 19th. Royal Bank of Canada reiterated a "sector perform" rating on shares of BP in a research report on Tuesday, January 14th. Wells Fargo & Company upped their target price on BP from $30.00 to $37.00 and gave the company an "equal weight" rating in a report on Wednesday, February 12th. Finally, TD Securities reiterated a "hold" rating and set a $36.00 price target (down previously from $40.00) on shares of BP in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, two have issued a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $37.48.

Remove Ads

BP Price Performance

NYSE BP traded down $0.57 during mid-day trading on Wednesday, hitting $33.85. The stock had a trading volume of 7,083,513 shares, compared to its average volume of 9,509,679. BP has a twelve month low of $27.82 and a twelve month high of $40.40. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.25 and a quick ratio of 0.97. The firm's 50 day moving average is $32.97 and its 200 day moving average is $31.34. The stock has a market capitalization of $91.89 billion, a price-to-earnings ratio of 423.12, a PEG ratio of 1.12 and a beta of 0.58.

Hedge Funds Weigh In On BP

Hedge funds and other institutional investors have recently bought and sold shares of the company. Butensky & Cohen Financial Security Inc. raised its stake in shares of BP by 0.3% in the fourth quarter. Butensky & Cohen Financial Security Inc. now owns 129,215 shares of the oil and gas exploration company's stock valued at $3,820,000 after acquiring an additional 358 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in BP by 3.3% during the 4th quarter. Sunbelt Securities Inc. now owns 11,839 shares of the oil and gas exploration company's stock worth $344,000 after purchasing an additional 380 shares during the period. Atlas Brown Inc. raised its position in BP by 1.2% in the 4th quarter. Atlas Brown Inc. now owns 37,338 shares of the oil and gas exploration company's stock valued at $1,104,000 after purchasing an additional 437 shares in the last quarter. Horizon Investments LLC grew its position in shares of BP by 3.3% during the fourth quarter. Horizon Investments LLC now owns 19,753 shares of the oil and gas exploration company's stock worth $584,000 after buying an additional 640 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of BP by 41.0% during the fourth quarter. Versant Capital Management Inc now owns 2,221 shares of the oil and gas exploration company's stock worth $66,000 after buying an additional 646 shares during the period. 11.01% of the stock is currently owned by hedge funds and other institutional investors.

BP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 21st were issued a $0.48 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.92 annualized dividend and a dividend yield of 5.67%. BP's dividend payout ratio is presently 2,375.00%.

About BP

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.