BP p.l.c. (BP) Announces Quarterly Earnings Results
BP p.l.c. (NYSE:BP) announced its quarterly earnings data on Tuesday. The oil and gas exploration company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.28), Briefing.com reports. BP p.l.c. had a net margin of 1.74% and a return on equity of 3.64%. The business had revenue of $60.02 billion for the quarter, compared to analyst estimates of $51.26 billion. During the same quarter in the previous year, the firm posted $0.30 earnings per share. The business’s revenue was up 27.6% on a year-over-year basis.
BP p.l.c. (NYSE BP) traded up 2.68% during trading on Tuesday, reaching $40.68. 5,260,865 shares of the company’s stock were exchanged. BP p.l.c. has a 52 week low of $32.53 and a 52 week high of $40.97. The firm has a market capitalization of $133.48 billion, a price-to-earnings ratio of 35.50 and a beta of 0.95. The stock has a 50-day moving average price of $38.12 and a 200 day moving average price of $35.95.
Several brokerages have commented on BP. BidaskClub upgraded shares of BP p.l.c. from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 3rd. TheStreet cut shares of BP p.l.c. from a “b-” rating to a “c” rating in a research note on Thursday, August 10th. Cowen and Company restated a “hold” rating and set a $39.00 price objective on shares of BP p.l.c. in a research note on Tuesday, October 24th. Vetr cut shares of BP p.l.c. from a “buy” rating to a “hold” rating and set a $40.67 price objective for the company. in a research note on Monday. Finally, Scotiabank set a $37.00 price objective on shares of BP p.l.c. and gave the company a “buy” rating in a research note on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. BP p.l.c. currently has a consensus rating of “Hold” and an average target price of $37.12.
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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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