BP p.l.c. (NYSE:BP) posted its quarterly earnings data on Tuesday, August 1st. The oil and gas exploration company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.39 by $0.18, MarketWatch Earnings reports. The firm had revenue of $56.51 billion for the quarter, compared to analyst estimates of $56.09 billion. BP p.l.c. had a return on equity of 3.64% and a net margin of 1.74%. The firm’s quarterly revenue was up 21.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.23 earnings per share.
Shares of BP p.l.c. (NYSE:BP) opened at 34.16 on Friday. BP p.l.c. has a 1-year low of $32.53 and a 1-year high of $38.68. The company has a market cap of $112.38 billion, a price-to-earnings ratio of 29.81 and a beta of 0.94. The firm has a 50-day moving average price of $35.06 and a 200 day moving average price of $34.93.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, August 11th will be paid a $0.595 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $2.38 annualized dividend and a yield of 6.97%. BP p.l.c.’s dividend payout ratio is 206.96%.
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Several research analysts have recently weighed in on BP shares. TheStreet raised BP p.l.c. from a “c” rating to a “b-” rating in a research report on Tuesday, May 30th. Morgan Stanley reaffirmed a “buy” rating on shares of BP p.l.c. in a research report on Monday, June 12th. Scotiabank reaffirmed a “buy” rating and set a $37.00 price objective on shares of BP p.l.c. in a research report on Friday, June 30th. Argus upped their price objective on BP p.l.c. from $36.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, June 1st. Finally, Jefferies Group LLC set a $36.00 price objective on BP p.l.c. and gave the stock a “hold” rating in a research report on Wednesday, May 17th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $36.51.
BP p.l.c. Company Profile
BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.
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