Log in

BP (BP) Scheduled to Post Earnings on Tuesday

Tuesday, October 20, 2020 | MarketBeat

BP (NYSE:BP) will release its earnings data before the market opens on Tuesday, October 27th. Analysts expect BP to post earnings of ($0.07) per share for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

BP (NYSE:BP) last issued its quarterly earnings data on Tuesday, August 4th. The oil and gas exploration company reported ($1.98) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.99) by ($0.99). BP had a negative net margin of 9.45% and a negative return on equity of 1.14%. The company had revenue of $31.68 billion during the quarter, compared to analysts' expectations of $38.70 billion. During the same quarter in the prior year, the company earned $0.14 earnings per share. The firm's revenue was down 56.4% compared to the same quarter last year. On average, analysts expect BP to post $-2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NYSE BP opened at $16.03 on Tuesday. The business's 50-day moving average price is $18.52 and its 200 day moving average price is $22.25. BP has a twelve month low of $15.51 and a twelve month high of $40.08. The company has a market capitalization of $54.12 billion, a PE ratio of -2.46 and a beta of 0.75. The company has a current ratio of 1.30, a quick ratio of 1.08 and a debt-to-equity ratio of 0.87.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, August 14th were given a dividend of $0.31 per share. The ex-dividend date was Thursday, August 13th. This represents a $1.24 annualized dividend and a yield of 7.74%. BP's dividend payout ratio (DPR) is presently 42.03%.

BP has been the topic of several recent analyst reports. Societe Generale upgraded BP from a "hold" rating to a "buy" rating in a research report on Wednesday, August 5th. Barclays reiterated an "overweight" rating on shares of BP in a research report on Wednesday, July 1st. AlphaValue downgraded BP from a "buy" rating to a "reduce" rating in a research report on Thursday, October 15th. Cowen dropped their price target on BP from $22.00 to $21.00 and set a "market perform" rating for the company in a research note on Thursday, September 17th. Finally, Citigroup restated a "neutral" rating on shares of BP in a research note on Wednesday, September 16th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of "Hold" and a consensus price target of $28.99.

About BP

BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).

Further Reading: Find a Trading Strategy That Works

Earnings History for BP (NYSE:BP)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

13 Stocks Institutional Investors Won't Stop Buying

University endowments, pension funds, sovereign wealth funds, hedge funds, and other institutional investors have recently been pouring money into a group of 13 elite stocks.

These institutional investors don't get easily swayed by hot stocks that are popular with retail investors. You probably won't see a Tesla or a SnapChat in this group because institutional investors know that these "popular kid" stocks almost always aren't great investments. However, you will find some incredibly solid companies on this list backed by real earnings and real fundamentals.

We had to comb through every 13D and 13F filing that institutional investors have filed with the SEC in the last quarter to identify these stocks. After reviewing more than 5,000 filings, we have identified 13 companies that institutional investors have been buying left. Big money investors are pouring hundreds of millions of dollars into these stocks.

View the "13 Stocks Institutional Investors Won't Stop Buying".

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.