BP plc (BP) to Release Quarter 2 Numbers

Friday, July 31, 2020 4:03 PM | Neal Farmer

What's Happening with bp

BP plc (BP) is scheduled to report Quarter 2 numbers before the market open on August 4. Analysts forecast earnings of $0.20 per share for the quarter. During the same period last year the company earned $0.14, and the stock is down -41.6% on the year.

Technical Analysis

BP was recently trading at $22.05 down $18.03 from its 12-month high and $6.54 above its 12-month low. InvestorsObserver gives BP a 16 long-term technical score and a 34 short-term technical score. The stock has recent support above $21.84 and recent resistance below $24.27. Of the 13 analysts who cover the stock 4 rate it Strong Buy, 1 rate it Buy, 6 rate it Hold, 1 rate it Sell, and 1 rate it Strong Sell, BP gets an overall score of 31 from InvestorsObserver.

Analysts' Thoughts

BP has shown annual earnings growth of 17.15% over the last five years, and looking ahead analysts expect the company to grow profits -4.40% per annum the next five years. Last quarter the company posted better than expected EPS and this quarter the street expects $0.20 EPS. BP is currently trading at $22.05 with an average price target of $31.09

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