Investors Buy Large Volume of BP PLC Call Options (BP)
Shares of BP PLC (NYSE:BP) saw unusually large options trading activity on Friday. Traders bought 42,387 call options on the stock, American Banking & Market News reports. This is an increase of 353% compared to the average daily volume of 9,359 call options.
Several analysts have recently commented on the stock. 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 issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $46.00.
Shares of BP PLC (NYSE:BP) opened at 42.46 on Monday. 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 $41.61 and a 200-day moving average of $42.09. The company has a market cap of $134.0 billion and a price-to-earnings ratio of 5.16.
BP PLC (NYSE:BP) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.32 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.07 earnings per share. BP PLC’s revenue was down .2% compared to the same quarter last year. On average, analysts predict that BP PLC will post $4.67 earnings per share for the current fiscal year.
BP p.l.c. (NYSE:BP) is an international oil and gas company.
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