BP (NYSE:BP) posted its earnings results on Tuesday. The oil and gas exploration company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.65 by $0.11, Fidelity Earnings reports. BP had a net margin of 1.66% and a return on equity of 10.67%. The firm had revenue of $71.11 billion during the quarter, compared to analysts’ expectations of $67.44 billion. During the same quarter in the prior year, the firm earned $1.04 EPS. BP’s quarterly revenue was down 6.0% on a year-over-year basis.
Shares of BP stock traded up $0.29 on Wednesday, hitting $37.67. The company had a trading volume of 773,887 shares, compared to its average volume of 7,673,154. The business has a 50-day simple moving average of $38.03 and a 200-day simple moving average of $37.94. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.17 and a quick ratio of 0.87. The company has a market cap of $119.63 billion, a PE ratio of 26.52, a PEG ratio of 1.13 and a beta of 0.79. BP has a 52 week low of $35.07 and a 52 week high of $45.38.
BP has been the subject of several recent analyst reports. Berenberg Bank cut shares of BP from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Argus cut shares of BP from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Raymond James reiterated a “buy” rating and issued a $48.00 price objective on shares of BP in a report on Tuesday, January 21st. Piper Jaffray Companies began coverage on shares of BP in a report on Tuesday, November 26th. They issued a “buy” rating and a $47.00 price objective for the company. Finally, Wells Fargo & Co upgraded shares of BP from an “equal weight” rating to an “overweight” rating in a report on Monday, January 6th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $47.05.
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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