Equities research analysts forecast that BP plc (NYSE:BP) will report $0.57 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for BP’s earnings. BP reported earnings per share of $0.46 in the same quarter last year, which suggests a positive year over year growth rate of 23.9%. The company is scheduled to report its next quarterly earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that BP will report full year earnings of $2.66 per share for the current year, with EPS estimates ranging from $2.36 to $2.85. For the next year, analysts anticipate that the business will post earnings of $2.55 per share, with EPS estimates ranging from $2.12 to $3.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for BP.
BP (NYSE:BP) last issued its earnings results on Tuesday, February 6th. The oil and gas exploration company reported $0.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.02). The business had revenue of $67.82 billion for the quarter, compared to the consensus estimate of $56.85 billion. BP had a return on equity of 6.19% and a net margin of 1.39%. The business’s revenue was up 33.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 earnings per share.
A number of research firms have recently weighed in on BP. Piper Jaffray reiterated a “buy” rating and set a $51.00 target price on shares of BP in a research report on Wednesday, January 24th. Zacks Investment Research upgraded BP from a “hold” rating to a “strong-buy” rating and set a $50.00 target price for the company in a research report on Monday, January 29th. TheStreet downgraded BP from a “b” rating to a “c+” rating in a research report on Tuesday, February 13th. Vetr downgraded BP from a “strong-buy” rating to a “buy” rating and set a $44.43 target price for the company. in a research report on Wednesday, March 21st. Finally, Royal Bank of Canada upgraded BP from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $33.10 to $40.10 in a research report on Monday, February 26th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $40.26.
Institutional investors and hedge funds have recently modified their holdings of the business. Stonehearth Capital Management LLC acquired a new position in BP in the 4th quarter worth about $115,000. Itau Unibanco Holding S.A. increased its holdings in BP by 121.3% in the 4th quarter. Itau Unibanco Holding S.A. now owns 2,740 shares of the oil and gas exploration company’s stock worth $115,000 after purchasing an additional 1,502 shares in the last quarter. Pinnacle Wealth Planning Services Inc. acquired a new position in BP in the 4th quarter worth about $129,000. Truewealth LLC acquired a new position in BP in the 4th quarter worth about $138,000. Finally, Baystate Wealth Management LLC increased its holdings in BP by 832.8% in the 4th quarter. Baystate Wealth Management LLC now owns 3,302 shares of the oil and gas exploration company’s stock worth $143,000 after purchasing an additional 2,948 shares in the last quarter. 10.18% of the stock is owned by institutional investors and hedge funds.
BP opened at $41.03 on Monday. The firm has a market capitalization of $134,736.66, a P/E ratio of 21.65, a PEG ratio of 0.82 and a beta of 0.91. The company has a quick ratio of 0.86, a current ratio of 1.16 and a debt-to-equity ratio of 0.55. BP has a 1 year low of $33.83 and a 1 year high of $44.62.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Friday, February 16th were issued a dividend of $0.60 per share. The ex-dividend date was Thursday, February 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.85%. BP’s dividend payout ratio (DPR) is currently 126.60%.
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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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