BP p.l.c. to Post FY2018 Earnings of $2.39 Per Share, CLSA Forecasts (BP)

BP p.l.c. (NYSE:BP) – Research analysts at CLSA lowered their FY2018 earnings per share (EPS) estimates for BP p.l.c. in a note issued to investors on Wednesday. CLSA analyst A. Sen now anticipates that the brokerage will post earnings of $2.39 per share for the year, down from their previous forecast of $2.81.

BP p.l.c. (NYSE:BP) last announced its earnings results on Tuesday, February 7th. The oil and gas exploration company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.03. BP p.l.c. had a return on equity of 2.71% and a net margin of 0.06%. The firm had revenue of $51.01 billion for the quarter, compared to analyst estimates of $54.70 billion. During the same quarter last year, the business posted $0.01 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. TRADEMARK VIOLATION WARNING: This story was posted by sleekmoney and is the sole property of of sleekmoney. If you are accessing this story on another domain, it was stolen and reposted in violation of United States & international copyright & trademark law. The legal version of this story can be read at http://sleekmoney.com/bp-p-l-c-to-post-fy2018-earnings-of-2-39-per-share-clsa-forecasts-bp/1655946.html.

Earnings History and Estimates for BP p.l.c. (NYSE:BP)

Other equities research analysts have also recently issued reports about the company. Vetr upgraded BP p.l.c. from a “hold” rating to a “buy” rating and set a $39.64 price objective on the stock in a report on Wednesday, January 11th. HSBC Holdings plc reiterated a “buy” rating on shares of BP p.l.c. in a report on Wednesday, January 11th. Independent Research GmbH upgraded BP p.l.c. from a “hold” rating to a “buy” rating in a report on Thursday, December 1st. Morgan Stanley restated a “buy” rating on shares of BP p.l.c. in a report on Thursday, January 19th. Finally, Societe Generale upgraded BP p.l.c. from a “hold” rating to a “buy” rating and boosted their target price for the stock from $27.01 to $35.89 in a report on Monday, January 30th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $36.70.

Shares of BP p.l.c. (NYSE:BP) traded up 0.26% during mid-day trading on Friday, reaching $34.53. 6,389,815 shares of the company were exchanged. The company’s 50 day moving average price is $36.72 and its 200 day moving average price is $35.15. BP p.l.c. has a 12 month low of $28.01 and a 12 month high of $38.68. The firm has a market capitalization of $109.17 billion, a PE ratio of 959.17 and a beta of 1.12.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, February 17th will be given a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a dividend yield of 6.89%. The ex-dividend date of this dividend is Wednesday, February 15th. BP p.l.c.’s dividend payout ratio is currently 11,905.95%.

TRADEMARK VIOLATION WARNING: This story was posted by sleekmoney and is the sole property of of sleekmoney. If you are accessing this story on another domain, it was stolen and reposted in violation of United States & international copyright & trademark law. The legal version of this story can be read at http://sleekmoney.com/bp-p-l-c-to-post-fy2018-earnings-of-2-39-per-share-clsa-forecasts-bp/1655946.html.

Several hedge funds have recently bought and sold shares of the company. Hudock Capital Group LLC raised its stake in BP p.l.c. by 0.4% in the third quarter. Hudock Capital Group LLC now owns 5,242 shares of the oil and gas exploration company’s stock worth $184,000 after buying an additional 23 shares in the last quarter. South Texas Money Management Ltd. raised its stake in BP p.l.c. by 0.3% in the second quarter. South Texas Money Management Ltd. now owns 8,174 shares of the oil and gas exploration company’s stock worth $290,000 after buying an additional 28 shares in the last quarter. Advisors Management Group Inc. ADV raised its stake in BP p.l.c. by 0.6% in the third quarter. Advisors Management Group Inc. ADV now owns 10,140 shares of the oil and gas exploration company’s stock worth $357,000 after buying an additional 60 shares in the last quarter. Ancora Inverness LLC raised its stake in BP p.l.c. by 0.5% in the third quarter. Ancora Inverness LLC now owns 16,095 shares of the oil and gas exploration company’s stock worth $566,000 after buying an additional 85 shares in the last quarter. Finally, Wellington Shields & Co. LLC raised its stake in BP p.l.c. by 0.4% in the third quarter. Wellington Shields & Co. LLC now owns 22,496 shares of the oil and gas exploration company’s stock worth $791,000 after buying an additional 100 shares in the last quarter. 11.08% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:BP

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