BP p.l.c. (BP) Set to Announce Earnings on Tuesday
BP p.l.c. (NYSE:BP) is set to release its earnings data before the market opens on Tuesday, October 31st. Analysts expect BP p.l.c. to post earnings of $0.37 per share for the quarter.
BP p.l.c. (NYSE:BP) last released its quarterly earnings data on Tuesday, August 1st. The oil and gas exploration company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.18). The company had revenue of $56.51 billion during the quarter, compared to the consensus estimate of $56.09 billion. BP p.l.c. had a net margin of 1.74% and a return on equity of 3.64%. The business’s revenue was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.23 EPS. On average, analysts expect BP p.l.c. to post $1.58 EPS for the current fiscal year and $2.13 EPS for the next fiscal year.
BP p.l.c. (BP) traded up 0.52% during mid-day trading on Tuesday, hitting $38.99. 1,947,382 shares of the stock traded hands. BP p.l.c. has a 1-year low of $32.53 and a 1-year high of $39.48. The company has a 50-day moving average of $37.67 and a 200 day moving average of $35.81. The firm has a market capitalization of $127.93 billion, a P/E ratio of 34.02 and a beta of 0.95.
A number of analysts recently commented on BP shares. BidaskClub lowered BP p.l.c. from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Jefferies Group LLC set a $36.00 price target on BP p.l.c. and gave the stock a “hold” rating in a research note on Tuesday, August 29th. Kepler Capital Markets raised BP p.l.c. from a “reduce” rating to a “hold” rating in a research note on Tuesday, October 3rd. BMO Capital Markets raised BP p.l.c. from a “market perform” rating to an “outperform” rating in a research note on Monday, September 18th. Finally, Societe Generale lowered BP p.l.c. from a “buy” rating to a “hold” rating and dropped their price target for the stock from $35.04 to $34.90 in a research note on Wednesday, July 26th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. BP p.l.c. has an average rating of “Hold” and an average target price of $37.19.
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About BP p.l.c.
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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