BP PLC (NYSE:BP) – Analysts at Jefferies Group reduced their FY2018 EPS estimates for shares of BP PLC in a research report issued to clients and investors on Wednesday. Jefferies Group analyst J. Gammel now forecasts that the brokerage will post earnings of $2.60 per share for the year, down from their previous forecast of $2.65. Jefferies Group currently has a “Hold” rating and a $33.00 price target on the stock.
BP PLC (NYSE:BP) last released its quarterly earnings results on Tuesday, July 26th. The oil and gas exploration company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.05. During the same quarter in the previous year, the company posted $0.07 EPS. The company had revenue of $46.44 billion for the quarter, compared to the consensus estimate of $50.22 billion. The business’s revenue for the quarter was down 25.7% compared to the same quarter last year.
BP has been the subject of a number of other research reports. BMO Capital Markets reiterated a “buy” rating on shares of BP PLC in a research note on Wednesday, April 27th. Vetr upgraded shares of BP PLC from a “hold” rating to a “buy” rating and set a $33.74 price target for the company in a research note on Monday, June 13th. Zacks Investment Research downgraded shares of BP PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, April 5th. Citigroup Inc. reiterated a “buy” rating on shares of BP PLC in a research note on Wednesday, June 22nd. Finally, Morgan Stanley reiterated a “neutral” rating on shares of BP PLC in a research note on Monday, June 13th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $37.73.
A hedge fund recently raised its stake in BP PLC stock. Sei Investments Co. raised its stake in BP PLC (NYSE:BP) by 109.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,465 shares of the oil and gas exploration company’s stock after buying an additional 17,459 shares during the period. Sei Investments Co.’s holdings in BP PLC were worth $1,046,000 as of its most recent filing with the SEC.
BP p.l.c. is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. The Company operates through three segments: Upstream, Downstream and Rosneft.
