BP plc (NYSE:BP) – Equities researchers at Jefferies Financial Group issued their Q3 2019 EPS estimates for shares of BP in a research note issued to investors on Thursday, October 17th. Jefferies Financial Group analyst J. Gammel forecasts that the oil and gas exploration company will post earnings of $0.48 per share for the quarter. Jefferies Financial Group currently has a “Buy” rating and a $48.60 price target on the stock. Jefferies Financial Group also issued estimates for BP’s Q4 2019 earnings at $0.81 EPS, FY2019 earnings at $2.81 EPS, FY2020 earnings at $3.01 EPS and FY2021 earnings at $3.18 EPS.
BP (NYSE:BP) last issued its earnings results on Tuesday, July 30th. The oil and gas exploration company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.78 by $0.05. The company had revenue of $73.75 billion during the quarter, compared to analysts’ expectations of $79.79 billion. BP had a net margin of 2.97% and a return on equity of 12.12%.
Several other equities analysts have also recently commented on the stock. Credit Suisse Group cut shares of BP from an “outperform” rating to a “neutral” rating and set a $41.06 target price for the company. in a research report on Wednesday, July 10th. JPMorgan Chase & Co. restated a “buy” rating on shares of BP in a research report on Friday, August 30th. Barclays restated an “overweight” rating on shares of BP in a research report on Thursday, October 17th. Grupo Santander upgraded shares of BP from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th. Finally, BMO Capital Markets assumed coverage on shares of BP in a research report on Tuesday, August 20th. They issued an “outperform” rating and a $53.00 target price for the company. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $45.72.
Shares of NYSE:BP opened at $38.51 on Monday. The firm has a 50 day moving average of $37.76 and a 200-day moving average of $40.12. The stock has a market capitalization of $127.27 billion, a PE ratio of 10.13, a PEG ratio of 1.36 and a beta of 0.75. The company has a current ratio of 1.07, a quick ratio of 0.77 and a debt-to-equity ratio of 0.65. BP has a 12 month low of $35.73 and a 12 month high of $45.38.
Several institutional investors have recently made changes to their positions in BP. Nicolet Advisory Services LLC grew its holdings in BP by 11.5% during the 3rd quarter. Nicolet Advisory Services LLC now owns 15,301 shares of the oil and gas exploration company’s stock worth $581,000 after acquiring an additional 1,583 shares during the last quarter. Flagship Harbor Advisors LLC grew its holdings in BP by 7.9% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 5,621 shares of the oil and gas exploration company’s stock worth $213,000 after acquiring an additional 413 shares during the last quarter. Prospera Financial Services Inc grew its holdings in BP by 208.9% during the 3rd quarter. Prospera Financial Services Inc now owns 37,898 shares of the oil and gas exploration company’s stock worth $1,440,000 after acquiring an additional 25,628 shares during the last quarter. Goodwin Daniel L grew its holdings in BP by 2.9% during the 3rd quarter. Goodwin Daniel L now owns 36,000 shares of the oil and gas exploration company’s stock worth $1,368,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Horan Capital Advisors LLC. bought a new stake in BP during the 3rd quarter worth approximately $37,000. 10.72% of the stock is currently owned by institutional investors.
BP Company Profile
BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).
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