Zacks: Analysts Anticipate BP p.l.c. (NYSE:BP) to Announce $0.39 Earnings Per Share
Wall Street brokerages expect BP p.l.c. (NYSE:BP) to announce $0.39 earnings per share for the current quarter, Zacks reports. Zero analysts have made estimates for BP p.l.c.’s earnings. BP p.l.c. reported earnings of $0.23 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 69.6%. The business is expected to announce its next quarterly earnings report before the market opens on Tuesday, August 1st.
On average, analysts expect that BP p.l.c. will report full-year earnings of $1.47 per share for the current year, with EPS estimates ranging from $1.23 to $1.70. For the next financial year, analysts forecast that the firm will report earnings of $2.08 per share, with EPS estimates ranging from $1.97 to $2.35. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow BP p.l.c..
BP p.l.c. (NYSE:BP) last announced its earnings results on Tuesday, May 2nd. The oil and gas exploration company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.38 by $0.08. The firm had revenue of $55.86 billion for the quarter, compared to the consensus estimate of $59.87 billion. BP p.l.c. had a net margin of 1.06% and a return on equity of 3.72%. The business’s quarterly revenue was up 45.1% on a year-over-year basis. During the same period last year, the company posted $0.17 EPS.
A number of research firms recently commented on BP. BidaskClub lowered BP p.l.c. from a “sell” rating to a “strong sell” rating in a research report on Tuesday. J P Morgan Chase & Co restated an “overweight” rating on shares of BP p.l.c. in a research note on Monday, June 12th. Vetr upgraded BP p.l.c. from a “sell” rating to a “hold” rating and set a $33.35 price target for the company in a research note on Monday, May 8th. Morgan Stanley reiterated a “buy” rating on shares of BP p.l.c. in a research note on Thursday, April 13th. Finally, Kepler Capital Markets downgraded BP p.l.c. from a “hold” rating to a “reduce” rating in a research note on Friday, June 30th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $36.10.
A number of institutional investors have recently modified their holdings of the company. Morgan Stanley raised its position in BP p.l.c. by 11.2% in the first quarter. Morgan Stanley now owns 6,186,085 shares of the oil and gas exploration company’s stock worth $213,544,000 after buying an additional 623,612 shares during the last quarter. HighPoint Advisor Group LLC raised its position in shares of BP p.l.c. by 9.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 61,404 shares of the oil and gas exploration company’s stock valued at $2,102,000 after buying an additional 5,086 shares in the last quarter. Orbis Allan Gray Ltd raised its position in shares of BP p.l.c. by 68.8% in the fourth quarter. Orbis Allan Gray Ltd now owns 827,125 shares of the oil and gas exploration company’s stock valued at $30,918,000 after buying an additional 337,242 shares in the last quarter. Heritage Investors Management Corp raised its position in shares of BP p.l.c. by 0.9% in the first quarter. Heritage Investors Management Corp now owns 22,965 shares of the oil and gas exploration company’s stock valued at $793,000 after buying an additional 200 shares in the last quarter. Finally, Beacon Financial Group raised its position in shares of BP p.l.c. by 2.5% in the first quarter. Beacon Financial Group now owns 8,154 shares of the oil and gas exploration company’s stock valued at $281,000 after buying an additional 198 shares in the last quarter. Institutional investors own 9.98% of the company’s stock.
Shares of BP p.l.c. (NYSE BP) opened at 34.90 on Wednesday. The firm has a market capitalization of $114.38 billion, a P/E ratio of 51.93 and a beta of 0.94. The stock has a 50 day moving average of $35.08 and a 200-day moving average of $35.12. BP p.l.c. has a 12-month low of $32.50 and a 12-month high of $38.68.
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BP p.l.c. Company Profile
BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.
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