BP (BP) Expected to Announce Earnings on Tuesday

BP (NYSE:BP) is projected to post its quarterly earnings results before the market opens on Tuesday, February 4th. Analysts expect BP to post earnings of $0.78 per share and revenue of $45,649,030.62 billion for the quarter.

BP (NYSE:BP) last posted its quarterly earnings results on Tuesday, October 29th. The oil and gas exploration company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.78 by $0.05. BP had a net margin of 1.36% and a return on equity of 12.91%. The company had revenue of $47.25 billion for the quarter, compared to analyst estimates of $52.05 billion. During the same period in the prior year, the company earned $1.15 earnings per share. The firm’s revenue was down 11.3% on a year-over-year basis. On average, analysts expect BP to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

BP Price Performance

NYSE:BP opened at $31.44 on Tuesday. The firm’s fifty day moving average is $29.92 and its two-hundred day moving average is $31.60. The firm has a market cap of $84.87 billion, a price-to-earnings ratio of 33.10, a PEG ratio of 2.21 and a beta of 0.64. BP has a one year low of $27.82 and a one year high of $40.40. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.94 and a current ratio of 1.22.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BP. Morgan Stanley decreased their price objective on shares of BP from $34.70 to $31.80 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. StockNews.com upgraded shares of BP from a “hold” rating to a “buy” rating in a research report on Friday, January 10th. Scotiabank downgraded shares of BP from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $42.00 to $36.00 in a research report on Thursday, October 10th. Royal Bank of Canada restated a “sector perform” rating on shares of BP in a research report on Tuesday, January 14th. Finally, Wells Fargo & Company reduced their price target on shares of BP from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 15th. Eleven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.76.

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.