BP (NYSE:BP) Issues Quarterly Earnings Results, Misses Expectations By $0.12 EPS

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

BP Stock Performance

Shares of BP opened at $34.41 on Tuesday. BP has a one year low of $27.82 and a one year high of $40.40. The company has a 50-day simple moving average of $30.36 and a two-hundred day simple moving average of $31.34. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.22 and a quick ratio of 0.94. The firm has a market capitalization of $92.11 billion, a PE ratio of 36.22, a price-to-earnings-growth ratio of 2.26 and a beta of 0.64.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Raymond James raised their price target on BP from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. Piper Sandler cut their target price on BP from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Royal Bank of Canada restated a “sector perform” rating on shares of BP in a report on Tuesday, January 14th. StockNews.com cut shares of BP from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Finally, Morgan Stanley decreased their price objective on BP from $34.70 to $31.80 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Twelve research analysts have rated the stock with a hold rating, four have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $38.76.

About BP

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.