$0.48 Earnings Per Share Expected for BP p.l.c. (BP) This Quarter
Equities research analysts expect BP p.l.c. (NYSE:BP) to post earnings per share of $0.48 for the current quarter, according to Zacks. Zero analysts have made estimates for BP p.l.c.’s earnings. BP p.l.c. reported earnings per share of $0.30 in the same quarter last year, which indicates a positive year over year growth rate of 60%. The company is expected to issue its next quarterly earnings results before the market opens on Tuesday, October 31st.
On average, analysts expect that BP p.l.c. will report full year earnings of $1.58 per share for the current fiscal year, with EPS estimates ranging from $1.38 to $1.80. For the next financial year, analysts anticipate that the business will report earnings of $2.13 per share, with EPS estimates ranging from $1.92 to $2.34. Zacks’ EPS averages are an average based on a survey of research analysts that cover BP p.l.c..
BP p.l.c. (NYSE:BP) last announced its quarterly earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.18). BP p.l.c. had a return on equity of 3.64% and a net margin of 1.74%. The business had revenue of $56.51 billion during the quarter, compared to the consensus estimate of $56.09 billion. During the same quarter last year, the company earned $0.23 earnings per share. The firm’s revenue was up 21.7% compared to the same quarter last year.
A number of research analysts recently weighed in on BP shares. Piper Jaffray Companies set a $39.00 price target on BP p.l.c. and gave the stock a “buy” rating in a research note on Friday, August 25th. BidaskClub downgraded BP p.l.c. from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Kepler Capital Markets downgraded BP p.l.c. from a “hold” rating to a “reduce” rating in a research note on Friday, June 30th. Vetr downgraded BP p.l.c. from a “strong-buy” rating to a “buy” rating and set a $43.32 price target on the stock. in a research note on Tuesday, October 10th. Finally, Scotiabank set a $37.00 price target on BP p.l.c. and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $37.34.
Shares of BP p.l.c. (NYSE:BP) opened at 38.65 on Friday. BP p.l.c. has a one year low of $32.53 and a one year high of $39.48. The firm has a 50 day moving average price of $37.81 and a 200 day moving average price of $35.86. The company has a market capitalization of $126.81 billion, a P/E ratio of 33.73 and a beta of 0.95.
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A number of hedge funds and other institutional investors have recently made changes to their positions in BP. BlackRock Inc. grew its holdings in BP p.l.c. by 16,222.8% during the first quarter. BlackRock Inc. now owns 11,803,811 shares of the oil and gas exploration company’s stock valued at $407,466,000 after purchasing an additional 11,731,496 shares during the period. Morgan Stanley grew its holdings in BP p.l.c. by 11.2% during the first quarter. Morgan Stanley now owns 6,186,085 shares of the oil and gas exploration company’s stock valued at $213,544,000 after purchasing an additional 623,612 shares during the period. State Street Corp grew its holdings in BP p.l.c. by 2.0% during the first quarter. State Street Corp now owns 31,138,116 shares of the oil and gas exploration company’s stock valued at $1,074,889,000 after purchasing an additional 614,408 shares during the period. Global Financial Private Capital LLC bought a new position in BP p.l.c. during the first quarter valued at $16,192,000. Finally, Parametric Portfolio Associates LLC grew its holdings in BP p.l.c. by 13.3% during the second quarter. Parametric Portfolio Associates LLC now owns 2,883,066 shares of the oil and gas exploration company’s stock valued at $99,898,000 after purchasing an additional 338,581 shares during the period. 9.89% of the stock is owned by institutional investors and hedge funds.
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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