BP (NYSE:BP - Get Free Report) is projected to announce its earnings results before the market opens on Tuesday, February 4th. Analysts expect BP to post earnings of $0.78 per share and revenue of $45.65 billion for the quarter.
BP (NYSE:BP - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas exploration company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.78 by $0.05. The firm had revenue of $47.25 billion for the quarter, compared to analysts' expectations of $52.05 billion. BP had a net margin of 1.36% and a return on equity of 12.91%. The company's revenue for the quarter was down 11.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.15 EPS. On average, analysts expect BP to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
BP Stock Down 1.0 %
BP traded down $0.31 during trading on Tuesday, reaching $31.14. 6,388,044 shares of the stock were exchanged, compared to its average volume of 9,582,181. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.94 and a current ratio of 1.22. The stock's 50 day moving average price is $29.96 and its two-hundred day moving average price is $31.58. The stock has a market cap of $84.05 billion, a P/E ratio of 32.78, a price-to-earnings-growth ratio of 2.21 and a beta of 0.64. BP has a twelve month low of $27.82 and a twelve month high of $40.40.
Wall Street Analyst Weigh In
Several brokerages have weighed in on BP. The Goldman Sachs Group upgraded shares of BP to a "strong-buy" rating in a research note on Friday, October 11th. BNP Paribas cut shares of BP from an "outperform" rating to a "neutral" rating in a research note on Wednesday, October 9th. StockNews.com upgraded shares of BP from a "hold" rating to a "buy" rating in a research report on Friday, January 10th. Raymond James increased their price target on BP from $36.00 to $37.00 and gave the company an "outperform" rating in a research note on Friday, January 17th. Finally, Morgan Stanley dropped their target price on shares of BP from $34.70 to $31.80 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. Eleven investment analysts have rated the stock with a hold rating, five have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $38.76.
Check Out Our Latest Research Report on BP
BP Company Profile
(
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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.
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