BP (BP) Scheduled to Post Quarterly Earnings on Tuesday

BP (NYSE:BP - Get Free Report) will announce its earnings results before the market opens on Tuesday, July 30th. Analysts expect the company to announce earnings of $1.18 per share for the quarter.

BP (NYSE:BP - Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The oil and gas exploration company reported $0.97 EPS for the quarter, missing analysts' consensus estimates of $1.03 by ($0.06). BP had a return on equity of 13.49% and a net margin of 4.51%. The business had revenue of $48.88 billion during the quarter, compared to analysts' expectations of $53.65 billion. During the same period in the previous year, the business earned $1.66 EPS. The business's revenue was down 13.0% compared to the same quarter last year. On average, analysts expect BP to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

BP Trading Down 1.1 %

BP stock traded down $0.38 on Tuesday, reaching $34.96. The company's stock had a trading volume of 5,202,898 shares, compared to its average volume of 8,602,201. The business has a fifty day simple moving average of $36.04 and a two-hundred day simple moving average of $36.56. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.94 and a current ratio of 1.23. The firm has a market cap of $96.83 billion, a PE ratio of 10.96, a PEG ratio of 2.03 and a beta of 0.65. BP has a 12-month low of $33.52 and a 12-month high of $40.84.

BP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 17th were issued a $0.4362 dividend. The ex-dividend date was Thursday, May 16th. This represents a $1.74 dividend on an annualized basis and a yield of 4.99%. BP's dividend payout ratio (DPR) is 53.92%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BP shares. TD Securities increased their price objective on BP from $43.00 to $44.00 and gave the stock a "buy" rating in a report on Wednesday, May 8th. Piper Sandler reiterated a "neutral" rating and issued a $43.00 price objective on shares of BP in a report on Wednesday, July 17th. StockNews.com downgraded BP from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 29th. Raymond James raised their price target on BP from $42.00 to $45.00 and gave the company an "outperform" rating in a report on Monday, April 15th. Finally, Wells Fargo & Company reduced their price target on BP from $42.00 to $41.00 and set an "equal weight" rating for the company in a report on Friday, July 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, BP has an average rating of "Moderate Buy" and a consensus target price of $44.48.

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.