BP plc Sees Unusually High Options Volume (BP)
BP plc (NYSE:BP) was the target of some unusual options trading on Thursday. Investors purchased 12,259 put options on the company, StockRatingsNetwork.com reports. This represents an increase of approximately 322% compared to the typical volume of 2,907 put options.
A number of analysts have recently weighed in on BP shares. Analysts at Morgan Stanley downgraded shares of BP plc from an “equal weight” rating to an “underweight” rating in a research note on Thursday, August 28th. Separately, analysts at Simmons downgraded shares of BP plc from an “overweight” rating to a “neutral” rating in a research note on Wednesday, August 13th. Finally, 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. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $55.25.
BP plc (NYSE:BP) traded down 5.91% during mid-day trading on Thursday, hitting $44.89. The stock had a trading volume of 54,688,504 shares. BP plc has a 52 week low of $41.30 and a 52 week high of $53.48. The stock’s 50-day moving average is $48.85 and its 200-day moving average is $49.75. The company has a market cap of $137.9 billion and a P/E ratio of 13.04.
BP plc (NYSE:BP) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.18 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.14 earnings per share. BP plc’s revenue was down .8% compared to the same quarter last year. Analysts expect that BP plc will post $4.70 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 19th. Shareholders of record on Friday, August 8th will be given a dividend of $0.585 per share. This represents a $2.34 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date of this dividend is Wednesday, August 6th.
BP p.l.c. (NYSE:BP) is an integrated oil and gas company.
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