Investors Purchase High Volume of Put Options on BP PLC (BP)
BP PLC (NYSE:BP) saw unusually large options trading activity on Friday. Traders purchased 10,332 put options on the company, Stock Ratings Network.com reports. This is an increase of 166% compared to the average daily volume of 3,888 put options.
A number of research firms have recently commented on BP. 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. BP PLC currently has an average rating of “Hold” and a consensus price target of $46.00.
Shares of BP PLC (NYSE:BP) traded down 0.26% during mid-day trading on Friday, hitting $42.28. The stock had a trading volume of 3,575,234 shares. BP PLC has a one year low of $39.58 and a one year high of $45.45. The stock’s 50-day moving average is $41.85 and its 200-day moving average is $42.21. The company has a market cap of $133.4 billion and a P/E ratio of 5.15.
BP PLC (NYSE:BP) last announced its 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 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. On average, analysts predict that BP PLC will post $4.66 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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