BP (BP) Set to Announce Earnings on Tuesday

BP (NYSE:BP) will announce its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $1.10 per share for the quarter.

BP (NYSE:BP) last issued its quarterly earnings results on Tuesday, February 6th. The oil and gas exploration company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.11. BP had a net margin of 7.15% and a return on equity of 16.00%. The firm had revenue of $52.14 billion for the quarter, compared to the consensus estimate of $53.14 billion. During the same quarter in the previous year, the company earned $1.59 EPS. The company’s revenue for the quarter was down 24.7% on a year-over-year basis. On average, analysts expect BP to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

BP Price Performance

Shares of NYSE BP opened at $39.48 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.21 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $111.18 billion, a PE ratio of 7.76, a P/E/G ratio of 2.71 and a beta of 0.68. The firm has a fifty day simple moving average of $37.60 and a 200 day simple moving average of $36.52. BP has a twelve month low of $33.52 and a twelve month high of $40.84.

BP Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, February 16th were issued a $0.4362 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $1.74 dividend on an annualized basis and a yield of 4.42%. BP’s payout ratio is currently 33.79%.

Analyst Upgrades and Downgrades

BP has been the subject of several research analyst reports. Raymond James lifted their price objective on shares of BP from $42.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Wells Fargo & Company upped their price objective on shares of BP from $38.00 to $42.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. TD Securities raised their target price on BP from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Jefferies Financial Group raised shares of BP from a “hold” rating to a “buy” rating and lifted their price target for the company from $38.60 to $42.30 in a research report on Monday, March 4th. Finally, Scotiabank lifted their price objective on shares of BP from $45.00 to $47.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, BP currently has an average rating of “Hold” and an average price target of $43.72.

About BP

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.