What's Happening with bp
BP plc (BP) is scheduled to report Quarter 2 numbers before the market open on August 3. Analysts forecast earnings of $1.21 per share for the quarter. During the same period last year the company earned $1.14, and the stock is up 17.8% on the year.
Technical Analysis
BP was recently trading at $24.18 down $4.31 from its 12-month high and $9.44 above its 12-month low. InvestorsObserver gives BP a 53 long-term technical score and a 47 short-term technical score. The stock has recent support above $23.11 and recent resistance below $28.38. Of the 13 analysts who cover the stock 5 rate it Strong Buy, 1 rate it Buy, 6 rate it Hold, 1 rate it Sell, and 0 rate it Strong Sell, BP gets an overall score of 56 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 -3.00% per annum the next five years. Last quarter the company posted worse than expected EPS and this quarter the street expects $1.21 EPS. BP is currently trading at $24.18 with an average price target of $32.57.