BP (BP) Scheduled to Post Quarterly Earnings on Tuesday

BP (NYSE:BP) is set to announce its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $1.10 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

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

BP Price Performance

Shares of BP stock opened at $38.70 on Monday. The firm has a market capitalization of $108.99 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 2.65 and a beta of 0.67. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.94 and a current ratio of 1.21. The stock’s 50-day simple moving average is $37.85 and its 200-day simple moving average is $36.47. BP has a fifty-two week low of $33.52 and a fifty-two week high of $40.84.

BP Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, February 16th were paid a dividend of $0.4362 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $1.74 dividend on an annualized basis and a yield of 4.51%. BP’s payout ratio is 33.79%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on BP shares. Raymond James raised their target price on BP from $42.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. Wells Fargo & Company raised their price target on shares of BP from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. Jefferies Financial Group raised shares of BP from a “hold” rating to a “buy” rating and upped their price objective for the company from $38.60 to $42.30 in a report on Monday, March 4th. TD Securities raised their target price on shares of BP from $41.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Finally, Scotiabank increased their price target on BP from $45.00 to $47.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, BP presently has an average rating of “Moderate Buy” 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.