BP (BP) Scheduled to Post Quarterly Earnings on Tuesday

BP (NYSE:BP) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $1.10 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

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

BP Stock Up 0.1 %

Shares of BP stock opened at $38.70 on Friday. BP has a 1-year low of $33.52 and a 1-year high of $40.84. The company has a market capitalization of $108.99 billion, a P/E ratio of 7.60, a PEG ratio of 2.65 and a beta of 0.67. The business’s fifty day moving average price is $37.85 and its two-hundred day moving average price is $36.53. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.21 and a quick ratio of 0.94.

BP Dividend Announcement

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

Analyst Upgrades and Downgrades

BP has been the topic of several research analyst reports. Jefferies Financial Group raised shares of BP from a “hold” rating to a “buy” rating and raised their target price for the company from $38.60 to $42.30 in a research note on Monday, March 4th. TD Securities boosted their target price on BP from $41.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Erste Group Bank raised BP from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd. Raymond James boosted their price objective on BP from $42.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. Finally, Wells Fargo & Company raised their target price on BP from $38.00 to $42.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.72.

About BP

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.