Wall Street brokerages expect that BP plc (NYSE:BP) will post $79.79 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for BP’s earnings. The highest sales estimate is $85.83 billion and the lowest is $73.74 billion. BP posted sales of $76.91 billion during the same quarter last year, which would suggest a positive year over year growth rate of 3.7%. The firm is expected to issue its next earnings results on Tuesday, July 30th.

According to Zacks, analysts expect that BP will report full year sales of $300.69 billion for the current year, with estimates ranging from $281.93 billion to $335.67 billion. For the next fiscal year, analysts forecast that the business will post sales of $338.05 billion, with estimates ranging from $283.37 billion to $434.10 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow BP.

BP (NYSE:BP) last issued its quarterly earnings data on Tuesday, April 30th. The oil and gas exploration company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.68 by $0.02. BP had a net margin of 3.26% and a return on equity of 12.19%. The firm had revenue of $66.32 billion for the quarter, compared to analyst estimates of $64.85 billion. During the same period in the prior year, the business posted $0.13 EPS. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year.

BP has been the topic of a number of research reports. Credit Suisse Group initiated coverage on shares of LTC Properties in a report on Wednesday, July 10th. They set an “underperform” rating and a $19.00 target price on the stock. Royal Bank of Canada initiated coverage on shares of Robert Half International in a report on Tuesday, April 16th. They set a “sector perform” rating on the stock. Finally, ValuEngine lowered shares of United Rentals from a “sell” rating to a “strong sell” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. BP presently has an average rating of “Buy” and an average target price of $52.54.

Shares of BP stock traded up $0.39 during trading hours on Monday, hitting $39.23. The company had a trading volume of 8,612,923 shares, compared to its average volume of 5,517,785. The business’s fifty day moving average is $41.30. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.61. BP has a fifty-two week low of $36.28 and a fifty-two week high of $47.16. The firm has a market capitalization of $131.15 billion, a PE ratio of 10.32, a PEG ratio of 1.73 and a beta of 0.76.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, May 10th were given a $0.615 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 6.27%. The ex-dividend date was Thursday, May 9th. BP’s dividend payout ratio is presently 64.21%.

Several hedge funds and other institutional investors have recently bought and sold shares of BP. Focused Wealth Management Inc purchased a new position in shares of BP in the 2nd quarter valued at $25,000. Perkins Coie Trust Co grew its position in shares of BP by 66.7% in the 1st quarter. Perkins Coie Trust Co now owns 630 shares of the oil and gas exploration company’s stock valued at $28,000 after buying an additional 252 shares during the last quarter. Ellis Investment Partners LLC purchased a new position in shares of BP in the 1st quarter valued at $29,000. Marino Stram & Associates LLC grew its position in shares of BP by 71.0% in the 1st quarter. Marino Stram & Associates LLC now owns 667 shares of the oil and gas exploration company’s stock valued at $29,000 after buying an additional 277 shares during the last quarter. Finally, Horan Capital Advisors LLC. purchased a new position in shares of BP in the 1st quarter valued at $35,000. 11.02% of the stock is currently owned by hedge funds and other institutional investors.

BP Company Profile

BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).

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Earnings History and Estimates for BP (NYSE:BP)

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