LyondellBasell Industries N.V. Sees Unusually High Options Volume (LYB)
LyondellBasell Industries N.V. (NYSE:LYB) was the target of some unusual options trading activity on Wednesday. Stock investors purchased 117,280 call options on the company, StockRatingsNetwork reports. This represents an increase of approximately 1,481% compared to the average volume of 7,419 call options.
LYB has been the subject of a number of recent research reports. Analysts at Cowen and Company raised their price target on shares of LyondellBasell Industries N.V. (NYSE:LYB) from $68.00 to $77.00 in a research note to investors on Wednesday, August 28th. They now have an “outperform” rating on the stock. Separately, analysts at Barclays Capital raised their price target on shares of LyondellBasell Industries N.V. (NYSE:LYB) from $77.00 to $83.00 in a research note to investors on Tuesday, August 6th. Finally, analysts at Jefferies Group raised their price target on shares of LyondellBasell Industries N.V. (NYSE:LYB) from $80.00 to $83.00 in a research note to investors on Monday, August 5th.
Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. LyondellBasell Industries N.V. presently has an average rating of “Buy” and a consensus price target of $71.27.
LyondellBasell Industries N.V. (NYSE:LYB) traded up 0.95% during mid-day trading on Wednesday, hitting $73.37. 4,927,740 shares of the company’s stock traded hands. LyondellBasell Industries N.V. has a 52 week low of $44.87 and a 52 week high of $72.90. The stock’s 50-day moving average is $69.55 and its 200-day moving average is $65.55. The company has a market cap of $41.611 billion and a price-to-earnings ratio of 12.74.
LyondellBasell Industries N.V. (NYSE:LYB) last announced its earnings results on Friday, July 26th. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by $0.02. The company had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $11.30 billion. During the same quarter in the previous year, the company posted $1.66 earnings per share. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. Analysts expect that LyondellBasell Industries N.V. will post $6.13 EPS for the current fiscal year.
LyondellBasell Industries N.V. is an independent chemical company. The Company’s chemicals businesses consist of processing plants that convert volumes of liquid and gaseous hydrocarbon feedstock into plastic resins and other chemicals.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.