BP plc (BP) Set to Announce Quarterly Earnings on Monday

BP plc (LON:BP) will be announcing its earnings results on Monday, July 31st. Analysts expect the company to announce earnings of $0.06 per share for the quarter.

BP plc (LON BP) opened at 443.65 on Friday. The company has a 50-day moving average of GBX 452.39 and a 200 day moving average of GBX 462.40. The firm’s market capitalization is GBX 87.24 billion. BP plc has a one year low of GBX 408.63 and a one year high of GBX 521.20.

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In related news, insider Brian Gilvary bought 68 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were acquired at an average cost of GBX 468 ($6.10) per share, with a total value of £318.24 ($414.59). Over the last three months, insiders bought 206 shares of company stock worth $93,912.

A number of research analysts recently issued reports on the stock. UBS AG set a GBX 525 ($6.84) target price on shares of BP plc and gave the company a “buy” rating in a research report on Tuesday, April 25th. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 530 ($6.90) price target on shares of BP plc in a research note on Monday, June 12th. Barclays PLC restated an “overweight” rating and set a GBX 625 ($8.14) price target on shares of BP plc in a research note on Tuesday, June 20th. Deutsche Bank AG restated a “buy” rating and set a GBX 515 ($6.71) price target on shares of BP plc in a research note on Wednesday, June 21st. Finally, Macquarie lowered shares of BP plc from a “neutral” rating to an “underperform” rating and decreased their price target for the company from to in a research note on Wednesday, June 21st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. BP plc presently has an average rating of “Hold” and an average price target of GBX 504.23 ($6.57).

BP plc 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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