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Oil and Gas Energy News Update

Wednesday, April 27, 2011

BP Reports Mixed Results, Misses EPS by $0.14, Beats Revs On Asset Sales

BP Reports Mixed Results, Misses EPS by $0.14, Beats Revs On Asset Sales



Apr 27, 2011

BP Plc (NYSE:BP) reported Q1 EPS of $1.75 early this morning, missing the consensus estimate for $1.89 per share. Revenue for the quarter rose 18.7% year-over-year to $88.31 billion, beating the consensus estimate for $71.40 billion.

BP has a potential upside of 22.1% based on a current price of $46.32 and an average consensus analyst price target of $56.55.

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