BP (NYSE:BP) Posts Earnings Results, Misses Estimates By $0.12 EPS

BP (NYSE:BP) released its earnings results on Tuesday. The oil and gas exploration company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.12), Zacks reports. BP had a return on equity of 12.91% and a net margin of 1.36%.

BP Price Performance

BP opened at $34.55 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 0.94 and a debt-to-equity ratio of 0.66. BP has a 1 year low of $27.82 and a 1 year high of $40.40. The stock has a fifty day moving average price of $30.57 and a 200 day moving average price of $31.33. The stock has a market cap of $92.50 billion, a price-to-earnings ratio of 36.37, a PEG ratio of 2.26 and a beta of 0.64.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Raymond James lifted their price objective on shares of BP from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of BP in a research report on Tuesday, January 14th. Wells Fargo & Company dropped their price target on BP from $31.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 15th. Piper Sandler cut their price objective on BP from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Finally, StockNews.com downgraded shares of BP from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $38.76.

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.