Stock Traders Purchase High Volume of BP plc Call Options (BP)
BP plc (NYSE:BP) was the recipient of some unusual options trading on Thursday. Traders bought 11,754 call options on the stock, Analyst Ratings Network.com reports. This is an increase of approximately 228% compared to the typical daily volume of 3,584 call 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 equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. BP plc presently has a consensus rating of “Hold” and an average target price of $55.25.
Shares of BP plc (NYSE:BP) traded down 5.91% on Thursday, hitting $44.89. The stock had a trading volume of 54,585,792 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 price-to-earnings ratio of 13.04.
BP plc (NYSE:BP) last posted its quarterly 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 declared a quarterly dividend, which is scheduled for Friday, September 19th. Investors 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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