BP plc Target of Unusually High Options Trading (BP)
BP plc (NYSE:BP) was the recipient of unusually large options trading on Thursday. Traders acquired 9,476 put options on the stock, American Banking News reports. This represents an increase of approximately 231% compared to the typical volume of 2,864 put options.
A number of analysts have recently weighed in on BP shares. Analysts at Simmons downgraded shares of BP plc from an “overweight” rating to a “neutral” rating in a research note on Wednesday. Separately, analysts at Howard Weil upgraded shares of BP plc from a “sector outperform” rating to a “focus stock” rating in a research note on Thursday, July 10th. They now have a $57.00 price target on the stock. Finally, analysts at Deutsche Bank downgraded shares of BP plc from a “buy” rating to a “hold” rating in a research note on Wednesday, July 9th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $55.25.
Shares of BP plc (NYSE:BP) traded up 0.59% on Thursday, hitting $47.41. 3,132,961 shares of the company’s stock traded hands. BP plc has a 52 week low of $40.51 and a 52 week high of $53.48. The stock’s 50-day moving average is $50.65 and its 200-day moving average is $49.6. The company has a market cap of $145.7 billion and a price-to-earnings ratio of 12.88.
BP plc (NYSE:BP) last announced its earnings results on Tuesday, July 29th. The company reported $1.18 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.12 by $0.06. The company had revenue of $96.96 billion for the quarter, compared to the consensus estimate of $94.71 billion. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was down .8% on a year-over-year basis. Analysts expect that BP plc will post $4.70 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 19th. Investors of record on Friday, August 8th will be paid a dividend of $0.585 per share. This represents a $2.34 annualized dividend and a dividend yield of 4.96%. The ex-dividend date is Wednesday, August 6th.
BP p.l.c. (NYSE:BP) is an integrated oil and gas company.
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