BP (BP) Set to Announce Quarterly Earnings on Tuesday

BP (NYSE:BP) will release its earnings data before the market opens on Tuesday, May 7th. Analysts expect BP to post earnings of $1.10 per share for the quarter.

BP (NYSE:BP) last issued its quarterly earnings data on Tuesday, February 6th. The oil and gas exploration company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.11. The company had revenue of $52.14 billion during the quarter, compared to the consensus estimate of $53.14 billion. BP had a net margin of 7.15% and a return on equity of 16.00%. The firm’s revenue was down 24.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.59 earnings per share. On average, analysts expect BP to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

BP Trading Up 0.0 %

BP opened at $39.48 on Tuesday. The firm’s fifty day simple moving average is $37.60 and its 200 day simple moving average is $36.52. The stock has a market capitalization of $111.18 billion, a P/E ratio of 7.76, a P/E/G ratio of 2.71 and a beta of 0.68. The company has a current ratio of 1.21, a quick ratio of 0.94 and a debt-to-equity ratio of 0.57. BP has a 12 month low of $33.52 and a 12 month high of $40.84.

BP Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, February 16th were given a dividend of $0.4362 per share. The ex-dividend date was Thursday, February 15th. This represents a $1.74 annualized dividend and a dividend yield of 4.42%. BP’s dividend payout ratio is currently 33.79%.

Analysts Set New Price Targets

Several equities research analysts have commented on BP shares. Jefferies Financial Group upgraded BP from a “hold” rating to a “buy” rating and boosted their target price for the company from $38.60 to $42.30 in a research note on Monday, March 4th. Scotiabank boosted their price objective on shares of BP from $45.00 to $47.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. Wells Fargo & Company lifted their price target 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. Erste Group Bank upgraded shares of BP from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd. Finally, Raymond James lifted their target price on BP from $42.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $43.72.

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.