BP (NYSE:BP - Get Free Report) posted its earnings results on Tuesday. The oil and gas exploration company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.06), Briefing.com reports. BP had a return on equity of 16.00% and a net margin of 7.15%. The company had revenue of $48.88 billion during the quarter, compared to analyst estimates of $53.65 billion. During the same quarter last year, the firm posted $1.66 earnings per share. The firm's revenue for the quarter was down 13.0% compared to the same quarter last year.
BP Price Performance
NYSE:BP traded down $0.05 during mid-day trading on Wednesday, hitting $37.53. The company's stock had a trading volume of 9,646,712 shares, compared to its average volume of 9,638,388. The company has a current ratio of 1.21, a quick ratio of 0.94 and a debt-to-equity ratio of 0.57. The stock has a fifty day moving average of $37.97 and a 200-day moving average of $36.45. The company has a market capitalization of $105.69 billion, a price-to-earnings ratio of 7.37, a P/E/G ratio of 2.65 and a beta of 0.67. BP has a fifty-two week low of $33.52 and a fifty-two week high of $40.84.
BP Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 17th will be given a dividend of $0.4362 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.74 annualized dividend and a dividend yield of 4.65%. BP's dividend payout ratio (DPR) is currently 33.79%.
Wall Street Analysts Forecast Growth
BP has been the topic of several recent analyst reports. Raymond James lifted their target price on shares of BP from $42.00 to $45.00 and gave the stock an "outperform" rating in a report on Monday, April 15th. Piper Sandler increased their target price on BP from $40.00 to $43.00 and gave the company a "neutral" rating in a research note on Thursday, April 18th. TD Securities lifted their price target on BP from $43.00 to $44.00 and gave the stock a "buy" rating in a research report on Wednesday. Jefferies Financial Group upgraded shares of BP from a "hold" rating to a "buy" rating and raised their price objective for the stock from $38.60 to $42.30 in a research note on Monday, March 4th. Finally, Wells Fargo & Company upped their target price on shares of BP from $38.00 to $42.00 and gave the company an "equal weight" rating in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $43.88.
Check Out Our Latest Stock Analysis on BP
About BP
(
Get Free Report)
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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