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.
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).
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