BP p.l.c. (NYSE:BP) announced its quarterly earnings data on Tuesday. The oil and gas exploration company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.28), Briefing.com reports. BP p.l.c. had a net margin of 1.74% and a return on equity of 3.64%. The company had revenue of $60.02 billion for the quarter, compared to the consensus estimate of $51.26 billion. During the same period last year, the business posted $0.30 earnings per share. The firm’s quarterly revenue was up 27.6% compared to the same quarter last year.
Shares of BP p.l.c. (BP) traded up 2.52% during mid-day trading on Tuesday, reaching $40.62. 5,531,770 shares of the company’s stock traded hands. BP p.l.c. has a 12-month low of $32.53 and a 12-month high of $40.97. The firm has a market capitalization of $133.28 billion, a price-to-earnings ratio of 35.45 and a beta of 0.95. The stock has a 50-day moving average price of $38.12 and a 200 day moving average price of $35.95.
A number of research analysts have recently issued reports on the company. Vetr cut BP p.l.c. from a “buy” rating to a “hold” rating and set a $40.67 price objective on the stock. in a research note on Monday. Cowen and Company reaffirmed a “hold” rating and set a $39.00 price objective on shares of BP p.l.c. in a research note on Tuesday, October 24th. Kepler Capital Markets raised BP p.l.c. from a “reduce” rating to a “hold” rating in a research note on Tuesday, October 3rd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $39.00 price objective on shares of BP p.l.c. in a research note on Thursday, September 28th. Finally, BMO Capital Markets raised BP p.l.c. from a “market perform” rating to an “outperform” rating in a research note on Monday, September 18th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $37.12.
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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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