BP plc (NYSE:BP) – Jefferies Group boosted their FY2019 earnings per share (EPS) estimates for BP in a report issued on Thursday, April 19th. Jefferies Group analyst J. Gammel now forecasts that the oil and gas exploration company will post earnings of $2.76 per share for the year, up from their prior estimate of $2.61. Jefferies Group also issued estimates for BP’s FY2020 earnings at $3.23 EPS.
BP (NYSE:BP) last released its quarterly earnings data on Tuesday, February 6th. The oil and gas exploration company reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.02). BP had a net margin of 1.39% and a return on equity of 6.19%. The firm had revenue of $67.82 billion during the quarter, compared to the consensus estimate of $56.85 billion. During the same quarter in the prior year, the company earned $0.13 EPS. BP’s quarterly revenue was up 33.0% on a year-over-year basis.
BP opened at $43.67 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.16 and a quick ratio of 0.86. BP has a 12 month low of $33.83 and a 12 month high of $44.62. The firm has a market capitalization of $144,069.92, a P/E ratio of 23.23, a PEG ratio of 0.83 and a beta of 0.91.
Several hedge funds and other institutional investors have recently made changes to their positions in BP. Sterling Capital Management LLC lifted its stake in BP by 22.2% in the 3rd quarter. Sterling Capital Management LLC now owns 17,434 shares of the oil and gas exploration company’s stock valued at $670,000 after purchasing an additional 3,164 shares during the last quarter. Atlantic Trust Group LLC lifted its stake in BP by 24.6% in the 3rd quarter. Atlantic Trust Group LLC now owns 71,543 shares of the oil and gas exploration company’s stock valued at $2,749,000 after purchasing an additional 14,115 shares during the last quarter. Lynch & Associates IN lifted its stake in BP by 3.9% in the 4th quarter. Lynch & Associates IN now owns 101,050 shares of the oil and gas exploration company’s stock valued at $4,247,000 after purchasing an additional 3,808 shares during the last quarter. Stock Yards Bank & Trust Co. lifted its stake in BP by 11.1% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 11,718 shares of the oil and gas exploration company’s stock valued at $493,000 after purchasing an additional 1,167 shares during the last quarter. Finally, Country Trust Bank lifted its stake in BP by 228.5% in the 4th quarter. Country Trust Bank now owns 3,758 shares of the oil and gas exploration company’s stock valued at $158,000 after purchasing an additional 2,614 shares during the last quarter. Institutional investors own 10.18% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Friday, February 16th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date of this dividend was Thursday, February 15th. BP’s dividend payout ratio (DPR) is presently 94.68%.
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BP 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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