Analysts Offer Predictions for BP plc’s Q3 2019 Earnings (NYSE:BP)

BP plc (NYSE:BP) – Analysts at Jefferies Financial Group issued their Q3 2019 EPS estimates for BP in a research report issued to clients and investors on Thursday, October 17th. Jefferies Financial Group analyst J. Gammel anticipates 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 objective 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.

Other analysts have also recently issued research reports about the stock. Grupo Santander upgraded shares of BP from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. Barclays reiterated an “overweight” rating on shares of BP in a research note on Thursday, October 17th. ValuEngine upgraded shares of BP from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. BMO Capital Markets assumed coverage on shares of BP in a research note on Tuesday, August 20th. They issued an “outperform” rating and a $53.00 price objective for the company. Finally, Kepler Capital Markets reiterated a “buy” rating on shares of BP in a research note on Monday, September 16th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. BP has a consensus rating of “Buy” and a consensus target price of $45.72.

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 company has a debt-to-equity ratio of 0.65, a quick ratio of 0.77 and a current ratio of 1.07. The stock has a market cap of $127.27 billion, a PE ratio of 10.13, a P/E/G ratio of 1.36 and a beta of 0.75. BP has a 52-week low of $35.73 and a 52-week high of $45.38.

BP (NYSE:BP) last posted its earnings results on Tuesday, July 30th. The oil and gas exploration company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%.

A number of institutional investors have recently modified their holdings of BP. OLD Dominion Capital Management Inc. grew its holdings in shares of BP by 2.2% during the 2nd quarter. OLD Dominion Capital Management Inc. now owns 26,077 shares of the oil and gas exploration company’s stock valued at $1,087,000 after purchasing an additional 550 shares during the last quarter. BB&T Corp grew its holdings in shares of BP by 3.2% during the 2nd quarter. BB&T Corp now owns 244,969 shares of the oil and gas exploration company’s stock valued at $10,216,000 after purchasing an additional 7,698 shares during the last quarter. Creative Financial Designs Inc. ADV grew its holdings in shares of BP by 64.6% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,681 shares of the oil and gas exploration company’s stock valued at $69,000 after purchasing an additional 660 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of BP by 28.3% during the 2nd quarter. Gamco Investors INC. ET AL now owns 42,921 shares of the oil and gas exploration company’s stock valued at $1,790,000 after purchasing an additional 9,455 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of BP by 20.7% during the 2nd quarter. Cetera Investment Advisers now owns 32,065 shares of the oil and gas exploration company’s stock valued at $1,335,000 after purchasing an additional 5,500 shares during the last quarter. Institutional investors and hedge funds own 10.72% of the company’s stock.

About BP

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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Earnings History and Estimates for BP (NYSE:BP)

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