BP p.l.c. (BP) Expected to Post Earnings of $0.37 Per Share

Wall Street analysts expect that BP p.l.c. (NYSE:BP) will report $0.37 earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for BP p.l.c.’s earnings. BP p.l.c. reported earnings of $0.30 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 23.3%. The business is scheduled to report its next quarterly earnings results on Tuesday, November 7th.

On average, analysts expect that BP p.l.c. will report full-year earnings of $1.52 per share for the current year, with EPS estimates ranging from $1.38 to $1.68. For the next fiscal year, analysts anticipate that the company will post earnings of $2.10 per share, with EPS estimates ranging from $1.92 to $2.34. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for BP p.l.c..

BP p.l.c. (NYSE:BP) last posted its quarterly earnings data on Tuesday, August 1st. The oil and gas exploration company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.18). The firm had revenue of $56.51 billion for the quarter, compared to the consensus estimate of $56.09 billion. BP p.l.c. had a return on equity of 3.64% and a net margin of 1.74%. BP p.l.c.’s quarterly revenue was up 21.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share.

A number of analysts have recently issued reports on the stock. BidaskClub upgraded shares of BP p.l.c. from a “strong sell” rating to a “sell” rating in a report on Thursday, August 3rd. TheStreet downgraded shares of BP p.l.c. from a “b-” rating to a “c” rating in a report on Thursday, August 10th. Scotiabank set a $37.00 target price on shares of BP p.l.c. and gave the stock a “buy” rating in a report on Tuesday, August 1st. Piper Jaffray Companies restated a “buy” rating and set a $39.00 target price on shares of BP p.l.c. in a report on Thursday, September 28th. Finally, Vetr downgraded shares of BP p.l.c. from a “strong-buy” rating to a “buy” rating and set a $43.32 target price on the stock. in a report on Wednesday, October 4th. Three analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the stock. BP p.l.c. has a consensus rating of “Hold” and a consensus target price of $37.09.

COPYRIGHT VIOLATION NOTICE: “BP p.l.c. (BP) Expected to Post Earnings of $0.37 Per Share” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another publication, it was stolen and reposted in violation of United States & international copyright laws. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/10/bp-p-l-c-bp-expected-to-post-earnings-of-0-37-per-share.html.

BP p.l.c. (BP) traded up 1.17% during mid-day trading on Friday, hitting $38.91. 1,882,618 shares of the company traded hands. The stock has a market capitalization of $127.67 billion, a price-to-earnings ratio of 33.95 and a beta of 0.95. The company’s 50-day moving average is $36.39 and its 200-day moving average is $35.48. BP p.l.c. has a one year low of $32.53 and a one year high of $39.00.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, August 11th were issued a $0.595 dividend. The ex-dividend date was Wednesday, August 9th. This represents a $2.38 annualized dividend and a dividend yield of 6.19%. BP p.l.c.’s dividend payout ratio is currently 206.96%.

Large investors have recently added to or reduced their stakes in the business. Burt Wealth Advisors increased its holdings in shares of BP p.l.c. by 6.8% in the second quarter. Burt Wealth Advisors now owns 3,136 shares of the oil and gas exploration company’s stock valued at $108,000 after purchasing an additional 200 shares during the last quarter. Vestor Capital LLC bought a new stake in shares of BP p.l.c. in the second quarter valued at about $116,000. Pictet North America Advisors SA bought a new stake in shares of BP p.l.c. in the first quarter valued at about $128,000. IHT Wealth Management LLC boosted its position in shares of BP p.l.c. by 21.4% in the first quarter. IHT Wealth Management LLC now owns 3,903 shares of the oil and gas exploration company’s stock valued at $135,000 after acquiring an additional 689 shares during the period. Finally, AlphaMark Advisors LLC boosted its position in shares of BP p.l.c. by 16.8% in the first quarter. AlphaMark Advisors LLC now owns 4,162 shares of the oil and gas exploration company’s stock valued at $144,000 after acquiring an additional 600 shares during the period. Hedge funds and other institutional investors own 10.05% of the company’s stock.

About BP p.l.c.

BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.

Get a free copy of the Zacks research report on BP p.l.

On average, analysts expect that BP p.l.c. will report full-year earnings of $1.52 per share for the current year, with EPS estimates ranging from $1.38 to $1.68. For the next fiscal year, analysts anticipate that the company will post earnings of $2.10 per share, with EPS estimates ranging from $1.92 to $2.34. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for BP p.l.c..

BP p.l.c. (NYSE:BP) last posted its quarterly earnings data on Tuesday, August 1st. The oil and gas exploration company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.18). The firm had revenue of $56.51 billion for the quarter, compared to the consensus estimate of $56.09 billion. BP p.l.c. had a return on equity of 3.64% and a net margin of 1.74%. BP p.l.c.’s quarterly revenue was up 21.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share.

A number of analysts have recently issued reports on the stock. BidaskClub upgraded shares of BP p.l.c. from a “strong sell” rating to a “sell” rating in a report on Thursday, August 3rd. TheStreet downgraded shares of BP p.l.c. from a “b-” rating to a “c” rating in a report on Thursday, August 10th. Scotiabank set a $37.00 target price on shares of BP p.l.c. and gave the stock a “buy” rating in a report on Tuesday, August 1st. Piper Jaffray Companies restated a “buy” rating and set a $39.00 target price on shares of BP p.l.c. in a report on Thursday, September 28th. Finally, Vetr downgraded shares of BP p.l.c. from a “strong-buy” rating to a “buy” rating and set a $43.32 target price on the stock. in a report on Wednesday, October 4th. Three analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the stock. BP p.l.c. has a consensus rating of “Hold” and a consensus target price of $37.09.

COPYRIGHT VIOLATION NOTICE: “BP p.l.c. (BP) Expected to Post Earnings of $0.37 Per Share” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another publication, it was stolen and reposted in violation of United States & international copyright laws. The original version of this news story can be accessed at https://ledgergazette.com/2017/10/10/bp-p-l-c-bp-expected-to-post-earnings-of-0-37-per-share.html.

BP p.l.c. (BP) traded up 1.17% during mid-day trading on Friday, hitting $38.91. 1,882,618 shares of the company traded hands. The stock has a market capitalization of $127.67 billion, a price-to-earnings ratio of 33.95 and a beta of 0.95. The company’s 50-day moving average is $36.39 and its 200-day moving average is $35.48. BP p.l.c. has a one year low of $32.53 and a one year high of $39.00.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, August 11th were issued a $0.595 dividend. The ex-dividend date was Wednesday, August 9th. This represents a $2.38 annualized dividend and a dividend yield of 6.19%. BP p.l.c.’s dividend payout ratio is currently 206.96%.

Large investors have recently added to or reduced their stakes in the business. Burt Wealth Advisors increased its holdings in shares of BP p.l.c. by 6.8% in the second quarter. Burt Wealth Advisors now owns 3,136 shares of the oil and gas exploration company’s stock valued at $108,000 after purchasing an additional 200 shares during the last quarter. Vestor Capital LLC bought a new stake in shares of BP p.l.c. in the second quarter valued at about $116,000. Pictet North America Advisors SA bought a new stake in shares of BP p.l.c. in the first quarter valued at about $128,000. IHT Wealth Management LLC boosted its position in shares of BP p.l.c. by 21.4% in the first quarter. IHT Wealth Management LLC now owns 3,903 shares of the oil and gas exploration company’s stock valued at $135,000 after acquiring an additional 689 shares during the period. Finally, AlphaMark Advisors LLC boosted its position in shares of BP p.l.c. by 16.8% in the first quarter. AlphaMark Advisors LLC now owns 4,162 shares of the oil and gas exploration company’s stock valued at $144,000 after acquiring an additional 600 shares during the period. Hedge funds and other institutional investors own 10.05% of the company’s stock.

About BP p.l.c.

BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.

Get a free copy of the Zacks research report on BP p.l.c. (BP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for BP p.l.c. (NYSE:BP)

Receive News & Ratings for BP p.l.c. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP p.l.c. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply