BP (BP) Expected to Announce Earnings on Tuesday

BP (NYSE:BP) is expected to be announcing its earnings results before the market opens on Tuesday, February 4th. Analysts expect the company to announce 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 data on Tuesday, October 29th. The oil and gas exploration company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.05. The firm had revenue of $47.25 billion during the quarter, compared to analysts’ expectations of $52.05 billion. BP had a net margin of 1.36% and a return on equity of 12.91%. The firm’s quarterly revenue was down 11.3% on a year-over-year basis. During the same quarter last year, the company posted $1.15 EPS. On average, analysts expect BP to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

BP Stock Performance

NYSE:BP opened at $31.44 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.94 and a current ratio of 1.22. The stock has a market capitalization of $84.87 billion, a P/E ratio of 33.10, a PEG ratio of 2.21 and a beta of 0.64. The company has a 50 day moving average price of $29.92 and a 200 day moving average price of $31.60. BP has a fifty-two week low of $27.82 and a fifty-two week high of $40.40.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. StockNews.com raised shares of BP from a “hold” rating to a “buy” rating in a research report on Friday, January 10th. Morgan Stanley reduced their target price on shares of BP from $34.70 to $31.80 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Wells Fargo & Company reduced their target price on shares of BP from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 15th. Scotiabank lowered shares of BP from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the stock from $42.00 to $36.00 in a report on Thursday, October 10th. Finally, Raymond James increased their target price on shares of BP from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Eleven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, BP presently has a consensus 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.