Zacks Research Weighs in on BP’s FY2027 Earnings (NYSE:BP)

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

BP (NYSE:BP) last issued its quarterly earnings data on Tuesday, February 11th. The oil and gas exploration company reported $0.44 earnings per share 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 equities analysts also recently weighed in on the company. Raymond James boosted their target price on BP from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Wells Fargo & Company lifted their target price on BP from $30.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. upgraded shares of BP from an “underweight” rating to a “neutral” rating in a research report on Thursday, February 20th. TD Securities reiterated a “hold” rating and issued a $36.00 target price (down from $40.00) on shares of BP in a research note on Wednesday, March 19th. Finally, Royal Bank of Canada restated a “sector perform” rating on shares of BP in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, two have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $37.48.

BP Stock Up 0.5 %

BP stock opened at $34.29 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.97 and a current ratio of 1.25. The stock has a market cap of $93.09 billion, a PE ratio of 428.68, a price-to-earnings-growth ratio of 1.12 and a beta of 0.58. BP has a fifty-two week low of $27.82 and a fifty-two week high of $40.40. The firm’s 50-day simple moving average is $32.82 and its 200 day simple moving average is $31.28.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BP. Eagle Asset Management Inc. increased its position in shares of BP by 10.8% during the 3rd quarter. Eagle Asset Management Inc. now owns 9,134 shares of the oil and gas exploration company’s stock valued at $264,000 after purchasing an additional 891 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of BP in the 3rd quarter valued at $5,089,000. Captrust Financial Advisors raised its position in BP by 1.2% in the 3rd quarter. Captrust Financial Advisors now owns 440,973 shares of the oil and gas exploration company’s stock worth $13,842,000 after purchasing an additional 5,150 shares during the period. IHT Wealth Management LLC lifted its stake in BP by 4.8% in the third quarter. IHT Wealth Management LLC now owns 14,123 shares of the oil and gas exploration company’s stock worth $444,000 after purchasing an additional 652 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its stake in shares of BP by 3.8% during the third quarter. Sunbelt Securities Inc. now owns 11,459 shares of the oil and gas exploration company’s stock valued at $360,000 after buying an additional 415 shares during the last quarter. 11.01% of the stock is currently owned by hedge funds and other institutional investors.

BP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be given a dividend of $0.48 per share. The ex-dividend date is Friday, February 21st. This represents a $1.92 annualized dividend and a yield of 5.60%. BP’s payout ratio is presently 2,375.00%.

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.