BP Midstream Partners LP (NYSE:BPMP) is reporting third quarter earnings results on Thursday 5th November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.36 per share.
For the full year, analysts predict revenues of $ 124.08 million, while looking forward to income of $ 1.52 per share.
Previous Quarter Performance
BP Midstream Partners LP came out with income for the second quarter of $ 0.38 per share, from the revenue of $ 31.50 million. The quarterly earnings escalated 8.57 percent while revenues extended 10.14 percent compared with the same quarter last year.
Wall street analysts are predicting, BPMP to report 2Q20 income of $ 0.34 per share from revenue of $ 28.14 million. The bottom line results beat street analysts by $ 0.04 or 11.76 percent, at the same time, top line results outshined analysts by $ 3.36 million or 11.94 percent.
Stock Performance
Shares of BP Midstream Partners LP traded up $ 0.03 or 0.31 percent on Wednesday, reaching $ 9.78 with volume of 192.90 thousand shares. BP Midstream Partners LP has traded high as $ 10.05 and has cracked $ 9.70 on the downward trend
The closing price of $ 9.78, representing a 52.11 % increase from the 52 week low of $ 6.41 and a 42.92 % decrease over the 52 week high of $ 17.08.
The company has a market capital of $ 1.02 billion and is part of the Energy sector and Oil & Gas Midstream industry.
Recent Analyst recommendations
- On 25th September 2020, initiated by Morgan Stanley at Equal-Weight rating, with $ 11.00 target price.
BP Midstream Partners LP owns, acquires, develops, and operates pipelines and other midstream assets in the United States. It owns an onshore crude oil pipeline system, onshore refined products pipeline system, onshore diluent pipeline system, refined product terminalling system, and offshore natural gas pipeline system, as well as interests in five offshore crude oil pipeline systems. The company was founded in 2017 and is based in Houston, Texas.
