Cameron International Corp. Target of Unusually Large Options Trading (CAM)
Shares of Cameron International Corp. (NYSE:CAM) saw some unusual options trading on Tuesday. Traders purchased 56,309 call options on the stock, AR Network reports. This is an increase of approximately 541% compared to the typical volume of 8,778 call options.
In other Cameron International Corp. news, CAO Christopher Krummel sold 38,998 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $60.01, for a total transaction of $2,340,269.98. Following the completion of the transaction, the chief accounting officer now directly owns 14,513 shares of the company’s stock, valued at approximately $870,925. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on CAM. Analysts at Zacks reiterated a “neutral” rating on shares of Cameron International Corp. in a research note on Tuesday, February 4th. They now have a $62.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Cameron International Corp. from $63.00 to $64.00 in a research note on Tuesday, February 4th. Finally, analysts at Cowen and Company raised their price target on shares of Cameron International Corp. from $62.00 to $64.00 in a research note on Monday, February 3rd. They now have a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $68.11.
Shares of Cameron International Corp. (NYSE:CAM) opened at 59.60 on Wednesday. Cameron International Corp. has a one year low of $52.50 and a one year high of $67.42. The stock’s 50-day moving average is $58.78 and its 200-day moving average is $57.95. The company has a market cap of $13.197 billion and a P/E ratio of 20.47.
Cameron International Corp. (NYSE:CAM) last announced its earnings results on Friday, January 31st. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.04. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.75 billion. On average, analysts predict that Cameron International Corp. will post $3.81 earnings per share for the current fiscal year.
Cameron International Corporation, provides flow equipment products, systems and services to worldwide oil, gas and process industries.
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