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

BP (NYSE:BP) announced its quarterly 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 net margin of 1.36% and a return on equity of 12.91%.

BP Stock Performance

NYSE:BP opened at $34.55 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.22 and a debt-to-equity ratio of 0.66. The firm has a 50-day moving average price of $30.57 and a 200 day moving average price of $31.33. The firm has a market capitalization of $92.50 billion, a PE ratio of 36.37, a price-to-earnings-growth ratio of 2.26 and a beta of 0.64. BP has a 12-month low of $27.82 and a 12-month high of $40.40.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Royal Bank of Canada reiterated a “sector perform” rating on shares of BP in a research note on Tuesday, January 14th. Piper Sandler dropped their price objective on BP from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Raymond James increased their target price on BP from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Friday, January 17th. DZ Bank downgraded BP from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Morgan Stanley reduced their price objective on BP from $34.70 to $31.80 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, BP has a consensus 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.