BP (NYSE:BP) Releases Quarterly Earnings Results, Misses Estimates By $0.12 EPS

BP (NYSE:BP) released its quarterly earnings results on Tuesday. The oil and gas exploration company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.12), Zacks reports. BP had a net margin of 1.36% and a return on equity of 12.91%.

BP Price Performance

BP opened at $34.41 on Tuesday. BP has a 12-month low of $27.82 and a 12-month high of $40.40. The company has a current ratio of 1.22, a quick ratio of 0.94 and a debt-to-equity ratio of 0.66. The business’s fifty day simple moving average is $30.36 and its 200-day simple moving average is $31.34. The company has a market capitalization of $92.11 billion, a price-to-earnings ratio of 36.22, a PEG ratio of 2.26 and a beta of 0.64.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. StockNews.com lowered BP from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Wells Fargo & Company decreased their price target on BP from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 15th. Royal Bank of Canada restated a “sector perform” rating on shares of BP in a report on Tuesday, January 14th. Morgan Stanley decreased their price target on BP from $34.70 to $31.80 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, Raymond James upped their price objective on BP from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. Twelve equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $38.76.

BP Company Profile

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.