What is Zacks Research’s Estimate for BP FY2027 Earnings?

BP p.l.c. (NYSE:BP) – Analysts at Zacks Research cut their FY2027 earnings estimates for shares of BP in a research report issued on Monday, March 24th. Zacks Research analyst R. Department now expects that the oil and gas exploration company will earn $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 issued its earnings results on Tuesday, February 11th. The oil and gas exploration company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.12). BP had a return on equity of 10.96% and a net margin of 0.20%.

BP has been the topic of several other reports. Morgan Stanley dropped their price objective on BP from $34.70 to $31.80 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. TD Cowen lowered BP from a “buy” rating to a “hold” rating and set a $40.00 price objective for the company. in a report on Wednesday, March 19th. TD Securities reiterated a “hold” rating and issued a $36.00 price objective (down previously from $40.00) on shares of BP in a research note on Wednesday, March 19th. Wells Fargo & Company boosted their target price on shares of BP from $30.00 to $37.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 12th. Finally, StockNews.com cut BP from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. 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 issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $37.48.

BP Stock Performance

Shares of BP opened at $34.43 on Wednesday. BP has a 12 month low of $27.82 and a 12 month high of $40.40. The business’s fifty day simple moving average is $32.93 and its two-hundred day simple moving average is $31.32. The company has a current ratio of 1.25, a quick ratio of 0.97 and a debt-to-equity ratio of 0.70. The company has a market cap of $93.48 billion, a price-to-earnings ratio of 430.48, a P/E/G ratio of 1.12 and a beta of 0.58.

Hedge Funds Weigh In On BP

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mascagni Wealth Management Inc. bought a new stake in BP in the 4th quarter worth approximately $33,000. Asset Planning Inc bought a new stake in BP in the fourth quarter worth $40,000. Bank & Trust Co raised its stake in BP by 404.8% during the fourth quarter. Bank & Trust Co now owns 2,120 shares of the oil and gas exploration company’s stock valued at $63,000 after purchasing an additional 1,700 shares in the last quarter. Versant Capital Management Inc lifted its position in 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 valued at $66,000 after purchasing an additional 646 shares during the last quarter. Finally, Anchor Investment Management LLC grew its stake in shares of BP by 58.7% in the 3rd quarter. Anchor Investment Management LLC now owns 3,120 shares of the oil and gas exploration company’s stock worth $98,000 after buying an additional 1,154 shares in the last quarter. 11.01% of the stock is owned by institutional investors.

BP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 21st will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 5.58%. The ex-dividend date is Friday, February 21st. BP’s payout ratio is currently 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.