Investors Buy High Volume of BP plc Put Options (BP)
BP plc (NYSE:BP) was the target of unusually large options trading on Monday. Stock traders bought 7,847 put options on the stock, AnalystRatings.Net reports. This represents an increase of 336% compared to the average daily volume of 1,798 put options.
A number of analysts have recently weighed in on BP shares. Analysts at Credit Suisse reiterated a “neutral” rating on shares of BP plc in a research note on Tuesday, June 3rd. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of BP plc in a research note on Wednesday, May 28th. Finally, analysts at Societe Generale reiterated a “buy” rating on shares of BP plc in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $54.20.
Shares of BP plc (NYSE:BP) traded up 0.29% on Monday, hitting $52.75. The stock had a trading volume of 2,175,547 shares. BP plc has a one year low of $40.51 and a one year high of $53.48. The stock has a 50-day moving average of $51.32 and a 200-day moving average of $49.05. The company has a market cap of $162.3 billion and a price-to-earnings ratio of 16.36.
BP plc (NYSE:BP) last released its earnings data on Tuesday, April 29th. The company reported $1.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.18 by $0.87. The company had revenue of $91.70 billion for the quarter, compared to the consensus estimate of $91.50 billion. During the same quarter last year, the company posted $1.32 earnings per share. BP plc’s revenue was down 2.6% compared to the same quarter last year. Analysts expect that BP plc will post $4.64 EPS for the current fiscal year.
BP p.l.c. (NYSE:BP), is an integrated oil and gas company.
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