BP (NYSE:BP) Releases Earnings Results, Misses Estimates By $0.12 EPS

BP (NYSE:BP - Get Free Report) released its quarterly earnings results on Tuesday. The oil and gas exploration company reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.12), Zacks reports. BP had a net margin of 1.36% and a return on equity of 12.91%.

BP Trading Up 0.4 %

Shares of BP traded up $0.13 during midday trading on Tuesday, reaching $34.55. The company had a trading volume of 17,243,428 shares, compared to its average volume of 12,146,608. BP has a 1-year low of $27.82 and a 1-year high of $40.40. The stock has a market cap of $92.50 billion, a PE ratio of 36.37, a price-to-earnings-growth ratio of 2.26 and a beta of 0.64. The firm has a 50 day simple moving average of $30.47 and a 200-day simple moving average of $31.34. The company has a quick ratio of 0.94, a current ratio of 1.22 and a debt-to-equity ratio of 0.66.

Wall Street Analyst Weigh In

Several research firms have weighed in on BP. Piper Sandler dropped their target price on shares of BP from $36.00 to $32.00 and set a "neutral" rating on the stock in a research report on Thursday, December 19th. DZ Bank downgraded BP from a "hold" rating to a "sell" rating in a research report on Tuesday. Raymond James boosted 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. Wells Fargo & Company reduced their price objective on BP from $31.00 to $30.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 15th. Finally, StockNews.com downgraded shares of BP from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, four have issued a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, BP currently has an average rating of "Moderate Buy" and an average price target of $38.76.

BP Company Profile

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.