BP p.l.c. (BP) to Release Quarterly Earnings on Tuesday
BP p.l.c. (NYSE:BP) will be issuing its quarterly earnings data before the market opens on Tuesday, August 1st. Analysts expect the company to announce earnings of $0.39 per share for the quarter.
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 quarter last year, the firm posted $0.17 EPS. On average, analysts expect BP p.l.c. to post $1.47 EPS for the current fiscal year and $2.08 EPS for the next fiscal year.
BP p.l.c. (BP) opened at 34.84 on Thursday. BP p.l.c. has a one year low of $32.50 and a one year high of $38.68. The company has a 50-day moving average of $35.01 and a 200 day moving average of $35.10. The company has a market cap of $114.19 billion, a P/E ratio of 51.85 and a beta of 0.94.
BP has been the topic of a number of recent research reports. TheStreet raised shares of BP p.l.c. from a “c” rating to a “b-” rating in a research report on Tuesday, May 30th. Deutsche Bank AG raised shares of BP p.l.c. from a “hold” rating to a “buy” rating in a research report on Tuesday, April 4th. Argus raised their price target on shares of BP p.l.c. from $36.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, June 1st. Morgan Stanley reaffirmed a “buy” rating on shares of BP p.l.c. in a research report on Thursday, April 13th. Finally, Scotiabank reaffirmed a “buy” rating and set a $37.00 price target on shares of BP p.l.c. in a research report on Friday, June 30th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $36.01.
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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