BP p.l.c. (NYSE:BP) is reporting third quarter financial results on Tuesday 27th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, BP is expected to report 3Q20 loss of $ 0.03 per share from revenue of $ 49190.30 million.
For the full year, analysts anticipate top line of $ 204365.00 million, while looking forward to loss of $ 1.32 per share bottom line.
Previous Quarter Performance
BP p.l.c. disclosed loss for the second quarter of $ 1.98 per share, from the revenue of $ 31,676.00 million. The quarterly revenues shrunk 56.41 percent compared with the same quarter last year. According to street consensus, BP was expected to report 2Q20 loss of $ 1.10 per share from revenue of $ 42782.20 million. The bottom line results missed street analysts by $ 0.88 or 80 percent, at the same time, top line results fell short of analysts by $ 11 million or 25.96 percent.
Stock Performance
Shares of BP p.l.c. traded low $ -0.05 or -0.31 percent on Friday, reaching $ 16.05 with volume of 15.30 million shares. BP p.l.c. has traded high as $ 16.33 and has cracked $ 15.88 on the downward trend
According to the previous trading day, closing price of $ 16.05, representing a 3.80 % increase from the 52 week low of $ 15.51 and a 59.83 % decrease over the 52 week high of $ 40.08.
The company has a market capital of $ 54.46 billion and is part of the Energy sector and Oil & Gas Integrated industry.
Recent Analyst recommendations
- On 24th September 2020, initiated by Scotiabank at Sector Perform rating, with $ 23.00 target price.
Recent Stock Dividend Announcement
On August 4, 2020, the board of directors authorized quarterly dividend of $ 0.315 per share to holders of record as of the close of business on August 14, 2020, with payment date of September 25, 2020 and ex-dividend date on August 13, 2020.
BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft.
