BP PLC Target of Unusually Large Options Trading (BP)
BP PLC (NYSE:BP) saw some unusual options trading activity on Monday. Stock investors purchased 17,259 call options on the company, ARN reports. This is an increase of 115% compared to the typical volume of 8,013 call options.
BP has been the subject of a number of recent research reports. Analysts at TheStreet upgraded shares of BP PLC (NYSE:BP) to a “buy” rating in a research note to investors on Wednesday, August 7th. Analysts at ISI Group downgraded shares of BP PLC (NYSE:BP) from a “buy” rating to a “neutral” rating in a research note to investors on Monday, July 8th.
Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $46.00.
BP PLC (NYSE:BP) traded up 0.43% on Monday, hitting $42.12. 4,352,785 shares of the company’s stock traded hands. BP PLC has a 52-week low of $39.58 and a 52-week high of $45.45. The stock has a 50-day moving average of $41.62 and a 200-day moving average of $42.03. The company has a market cap of $132.9 billion and a P/E ratio of 5.09.
BP PLC (NYSE:BP) last announced its earnings results on Tuesday, July 30th. The company reported $1.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.13 by $0.19. The company had revenue of $94.71 billion for the quarter, compared to the consensus estimate of $62.35 billion. During the same quarter in the prior year, the company posted $0.07 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. Analysts expect that BP PLC will post $4.73 EPS for the current fiscal year.
BP p.l.c. (NYSE:BP) is an international oil and gas company.
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