BP (NYSE:BP – Get Rating) is scheduled to post its quarterly earnings results before the market opens on Tuesday, May 3rd. Analysts expect BP to post earnings of $1.41 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
BP (NYSE:BP – Get Rating) last posted its quarterly earnings data on Tuesday, February 8th. The oil and gas exploration company reported $1.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.05. The business had revenue of $50.55 billion for the quarter, compared to analysts’ expectations of $35.56 billion. BP had a return on equity of 14.10% and a net margin of 4.61%. The business’s revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.03 EPS. On average, analysts expect BP to post $6 EPS for the current fiscal year and $5 EPS for the next fiscal year.
BP stock opened at $28.73 on Tuesday. The stock’s 50 day simple moving average is $29.97 and its two-hundred day simple moving average is $29.30. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.86 and a current ratio of 1.15. The stock has a market cap of $93.96 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 1.82 and a beta of 0.77. BP has a fifty-two week low of $22.64 and a fifty-two week high of $34.16.
Several institutional investors and hedge funds have recently added to or reduced their stakes in BP. OLD Mission Capital LLC bought a new position in shares of BP in the 3rd quarter valued at about $5,316,000. Parametric Portfolio Associates LLC lifted its holdings in shares of BP by 3.3% in the 4th quarter. Parametric Portfolio Associates LLC now owns 4,005,607 shares of the oil and gas exploration company’s stock valued at $106,669,000 after acquiring an additional 127,316 shares during the last quarter. Finally, Carroll Investors Inc bought a new position in shares of BP in the 4th quarter valued at about $38,000. 8.78% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently commented on the company. Evercore ISI raised BP from an “in-line” rating to an “outperform” rating and set a $36.00 price target on the stock in a research report on Tuesday, January 4th. Royal Bank of Canada raised BP from a “sector perform” rating to an “outperform” rating in a research report on Friday, February 25th. Zacks Investment Research cut BP from a “strong-buy” rating to a “hold” rating and set a $38.00 price target on the stock. in a research report on Monday, February 7th. Morgan Stanley raised BP from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, March 23rd. Finally, Cowen lowered their price objective on BP from $31.00 to $30.00 and set a “market perform” rating on the stock in a research report on Monday, February 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $112.79.
BP Company Profile (Get Rating)
BP p.l.c. engages in the energy business worldwide. It operates through Gas & Low Carbon Energy, Oil Production & Operations, Customers & Products, and Rosneft segments. It produces and trades in natural gas; offers biofuels; operates onshore and offshore wind power, and solar power generating facilities; and provides de-carbonization solutions and services, such as hydrogen, and carbon capture, usage and storage.
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