BP p.l.c. (BP) Posts Earnings Results, Misses Expectations By $0.03 EPS, Report finds

BP p.l.c. (BP) Posts  Earnings Results, Misses Expectations By $0.03 EPS, Report finds

BP p.l.c. (NYSE:BP) issued its earnings results on Tuesday. The oil and gas exploration company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.03. BP p.l.c. had a negative net margin of 2.03% and a positive return on equity of 2.48%. The firm earned $51.01 billion during the quarter, compared to the consensus estimate of $54.70 billion. During the same period in the previous year, the company posted $0.01 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis.

Shares of BP p.l.c. (NYSE:BP) opened at 34.43 on Thursday. The firm’s market cap is $108.53 billion. The stock’s 50 day moving average is $36.86 and its 200-day moving average is $35.16. BP p.l.c. has a 1-year low of $27.01 and a 1-year high of $38.68.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, February 17th will be paid a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 6.91%. The ex-dividend date is Wednesday, February 15th. BP p.l.c.’s dividend payout ratio is presently -195.08%.

BP has been the subject of several research reports. Zacks Investment Research raised shares of BP p.l.c. from a “sell” rating to a “hold” rating in a research report on Friday, October 21st. Vetr raised shares of BP p.l.c. from a “hold” rating to a “strong-buy” rating and set a $42.32 price objective for the company in a research report on Thursday, October 27th. Societe Generale downgraded shares of BP p.l.c. from a “buy” rating to a “hold” rating in a research report on Wednesday, November 2nd. Deutsche Bank AG reissued a “neutral” rating on shares of BP p.l.c. in a research report on Monday, November 28th. Finally, Credit Suisse Group raised shares of BP p.l.c. from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $33.50 to $35.50 in a research report on Wednesday, November 30th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $36.70.

BP p.l.c. Company Profile

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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BP p.l.c. (BP) Posts Earnings Results, Misses Expectations By $0.03 EPS

BP p.l.c. (BP) Posts  Earnings Results, Misses Expectations By $0.03 EPS

BP p.l.c. (NYSE:BP) issued its earnings results on Tuesday. The oil and gas exploration company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.03. BP p.l.c. had a negative net margin of 2.03% and a positive return on equity of 2.48%. The firm earned $51.01 billion during the quarter, compared to the consensus estimate of $54.70 billion. During the same period in the previous year, the company posted $0.01 EPS. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis.

Shares of BP p.l.c. (NYSE:BP) opened at 34.43 on Thursday. The firm’s market cap is $108.53 billion. The stock’s 50 day moving average is $36.86 and its 200-day moving average is $35.16. BP p.l.c. has a 1-year low of $27.01 and a 1-year high of $38.68.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, February 17th will be paid a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 6.91%. The ex-dividend date is Wednesday, February 15th. BP p.l.c.’s dividend payout ratio is presently -195.08%.

BP has been the subject of several research reports. Zacks Investment Research raised shares of BP p.l.c. from a “sell” rating to a “hold” rating in a research report on Friday, October 21st. Vetr raised shares of BP p.l.c. from a “hold” rating to a “strong-buy” rating and set a $42.32 price objective for the company in a research report on Thursday, October 27th. Societe Generale downgraded shares of BP p.l.c. from a “buy” rating to a “hold” rating in a research report on Wednesday, November 2nd. Deutsche Bank AG reissued a “neutral” rating on shares of BP p.l.c. in a research report on Monday, November 28th. Finally, Credit Suisse Group raised shares of BP p.l.c. from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $33.50 to $35.50 in a research report on Wednesday, November 30th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $36.70.

BP p.l.c. Company Profile

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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