BP p.l.c. (NYSE:BP) – Jefferies Group increased their FY2017 EPS estimates for shares of BP p.l.c. in a research note issued on Wednesday. Jefferies Group analyst J. Gammel now expects that the oil and gas exploration company will earn $1.67 per share for the year, up from their prior estimate of $1.64. Jefferies Group has a “Hold” rating and a $36.00 price objective on the stock. Jefferies Group also issued estimates for BP p.l.c.’s FY2018 earnings at $2.00 EPS and FY2019 earnings at $2.42 EPS.

BP has been the topic of several other reports. Piper Jaffray Companies set a $39.00 price objective on BP p.l.c. and gave the stock a “buy” rating in a research note on Friday, August 25th. BidaskClub cut BP p.l.c. from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Vetr cut BP p.l.c. from a “strong-buy” rating to a “buy” rating and set a $43.32 price objective on the stock. in a research note on Tuesday, October 10th. Scotiabank set a $37.00 target price on BP p.l.c. and gave the company a “buy” rating in a research report on Tuesday, August 1st. Finally, Kepler Capital Markets upgraded BP p.l.c. from a “reduce” rating to a “hold” rating in a research report on Tuesday, October 3rd. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $38.11.

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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). BP p.l.c. had a return on equity of 4.54% and a net margin of 1.70%. The business had revenue of $56.51 billion during the quarter, compared to analysts’ expectations of $56.09 billion. During the same quarter last year, the business posted $0.23 EPS. The company’s quarterly revenue was up 21.7% compared to the same quarter last year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Plancorp LLC boosted its holdings in shares of BP p.l.c. by 0.3% in the first quarter. Plancorp LLC now owns 12,697 shares of the oil and gas exploration company’s stock valued at $437,000 after purchasing an additional 36 shares during the period. Cambridge Trust Co. raised its stake in BP p.l.c. by 0.7% in the first quarter. Cambridge Trust Co. now owns 7,283 shares of the oil and gas exploration company’s stock worth $251,000 after buying an additional 54 shares in the last quarter. Johnson Financial Group Inc. raised its stake in BP p.l.c. by 1.2% in the second quarter. Johnson Financial Group Inc. now owns 4,672 shares of the oil and gas exploration company’s stock worth $162,000 after buying an additional 55 shares in the last quarter. Beck Mack & Oliver LLC raised its stake in BP p.l.c. by 1.3% in the second quarter. Beck Mack & Oliver LLC now owns 7,880 shares of the oil and gas exploration company’s stock worth $273,000 after buying an additional 98 shares in the last quarter. Finally, North Star Asset Management Inc. raised its stake in BP p.l.c. by 1.5% in the first quarter. North Star Asset Management Inc. now owns 7,092 shares of the oil and gas exploration company’s stock worth $245,000 after buying an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 9.88% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Friday, November 10th will be issued a $0.60 dividend. This is a positive change from BP p.l.c.’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.90%. BP p.l.c.’s payout ratio is presently 203.42%.

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.

Earnings History and Estimates for BP p.l.c. (NYSE:BP)

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