HSBC shuffles oil stocks ratings, upgrades BP and TotalEnergies to Buy
Source: Investing.com ·
Investing.com -- HSBC on Friday upgraded BP and TotalEnergies to Buy from Hold, raising earnings and cash flow estimates across its global oil coverage after lifting its Brent crude, refining margin, and gas price forecasts.
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Investing.com -- HSBC on Friday upgraded BP and TotalEnergies to Buy from Hold, raising earnings and cash flow estimates across its global oil coverage after lifting its Brent crude, refining margin, and gas price forecasts. Still guessing which names to buy? Our AI rebuilds its stock picks at the start of every month. The list is beating the market by 120%. See what's on it » Analysts led by Kim Fustier raised their 2026 Brent assumption to approximately $90 per barrel from $80, and their 2027 forecast to $85 from $65, citing a partial, gradual recovery in Strait of Hormuz flows. The bank also raised its second-half 2026 TTF gas price forecast to $22.5 per million British thermal units from $16.7, and its 2027 forecast to $17 from $12. These revisions lifted HSBC's 2026-28 earnings-per-share estimates across the sector by averages of 19%, 65% and 33%, respectively, with cash flow per share estimates rising by averages of 12%, 30% and 14%. The bank said revisions were largest for…