BP p.l.c. (NYSE:BP) posted its earnings results on Tuesday, August 1st. The oil and gas exploration company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.18, MarketWatch Earnings reports. The business had revenue of $56.51 billion during 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%. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 EPS.
BP p.l.c. (NYSE:BP) opened at 34.16 on Friday. BP p.l.c. has a 12 month low of $32.53 and a 12 month high of $38.68. The stock has a 50 day moving average price of $35.06 and a 200 day moving average price of $34.93. The stock has a market capitalization of $112.38 billion, a P/E ratio of 29.81 and a beta of 0.94.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, August 11th will be given a $0.595 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $2.38 annualized dividend and a dividend yield of 6.97%. BP p.l.c.’s payout ratio is 206.96%.
Several brokerages recently commented on BP. BidaskClub raised BP p.l.c. from a “strong sell” rating to a “sell” rating in a report on Thursday, August 3rd. Piper Jaffray Companies raised BP p.l.c. from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $36.33 to $42.00 in a report on Friday, August 4th. Jefferies Group LLC set a $36.00 price objective on BP p.l.c. and gave the stock a “hold” rating in a report on Wednesday, May 17th. Argus lifted their price objective on BP p.l.c. from $36.00 to $41.00 and gave the stock a “buy” rating in a report on Thursday, June 1st. Finally, TheStreet raised BP p.l.c. from a “c” rating to a “b-” rating in a report on Tuesday, May 30th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $36.51.
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.
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