BP (NYSE:BP – Get Free Report) released its earnings results on Tuesday. The oil and gas exploration company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.08, Briefing.com reports. The firm had revenue of $47.30 billion for the quarter, compared to the consensus estimate of $55.82 billion. BP had a net margin of 3.60% and a return on equity of 13.67%. The company’s revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.89 EPS.
BP Trading Down 1.8 %
NYSE:BP traded down $0.63 on Thursday, hitting $34.76. 6,987,873 shares of the stock were exchanged, compared to its average volume of 8,620,320. BP has a fifty-two week low of $33.52 and a fifty-two week high of $40.84. The stock has a fifty day moving average of $35.78 and a 200-day moving average of $36.56. The company has a current ratio of 1.23, a quick ratio of 0.94 and a debt-to-equity ratio of 0.57. The stock has a market cap of $96.29 billion, a PE ratio of 11.09, a PEG ratio of 2.05 and a beta of 0.65.
BP Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 9th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 5.52%. This is a boost from BP’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Friday, August 9th. BP’s payout ratio is 53.92%.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on BP
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.
Recommended Stories
- Five stocks we like better than BP
- Ride Out The Recession With These Dividend KingsĀ
- First Solar Stock: The Dawn of a New Rally in Share Prices
- The Significance of Brokerage Rankings in Stock Selection
- Mastercard Stock’s Q2 Financial Results Outshine Competitors
- Conference Calls and Individual Investors
- Tobacco Giant’s Shares Fall on EPS Miss, Lackluster Pouch Gains
Receive News & Ratings for BP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP and related companies with MarketBeat.com's FREE daily email newsletter.