Time to Buy BP plc (ADR) After Today’s Option Traders Bet?

 Time to Buy BP plc (ADR) After Today's Option Traders Bet?

In today’s session BP plc (ADR) (BP) registered an unusually high (225) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious BP increase. With 225 contracts traded and 2664 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: BP161216C00037000 closed last at: $0.61 or 15.1% up. About 1.75M shares traded hands. BP plc (ADR) (NYSE:BP) has risen 18.11% since March 2, 2016 and is uptrending. It has outperformed by 9.85% the S&P500.

Analysts await BP plc (ADR) (NYSE:BP) to report earnings on October, 25. They expect $0.29 EPS, down 51.67% or $0.31 from last year’s $0.6 per share. BP’s profit will be $929.34M for 31.05 P/E if the $0.29 EPS becomes a reality. After $0.23 actual EPS reported by BP plc (ADR) for the previous quarter, Wall Street now forecasts 26.09% EPS growth.

BP plc (ADR) (NYSE:BP) Ratings Coverage

Out of 20 analysts covering BP (NYSE:BP), 12 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 60% are positive. $42 is the highest target while $33 is the lowest. The $38.76 average target is 7.61% above today’s ($36.02) stock price. BP has been the topic of 26 analyst reports since July 24, 2015 according to StockzIntelligence Inc. BNP Paribas maintained BP plc (ADR) (NYSE:BP) on Wednesday, July 29 with “Neutral” rating. Howard Weil upgraded it to “Focus Stock” rating and $42 target price in Monday, December 14 report. The company was downgraded on Friday, September 4 by Bank of America. The stock of BP plc (ADR) (NYSE:BP) has “Buy” rating given on Tuesday, September 15 by Liberum Capital. The stock of BP plc (ADR) (NYSE:BP) earned “Overweight” rating by JP Morgan on Wednesday, July 29. As per Monday, November 2, the company rating was upgraded by Morgan Stanley. On Wednesday, September 23 the stock rating was initiated by Macquarie Research with “Neutral”. The rating was upgraded by Bernstein on Thursday, September 10 to “Outperform”. The firm has “Buy” rating given on Tuesday, September 8 by UBS. The firm has “Outperform” rating given on Monday, September 28 by BMO Capital Markets.

According to Zacks Investment Research, “BP p.l.c. is the holding company of one of the world’s largest petroleum and petrochemicals groups. Their main activities are exploration and production of crude oil and natural gas; refining, marketing, supply and transportation; and manufacturing and marketing of petrochemicals. They have a growing activity in gas and power and in solar power generation. BP has well-established operations in Europe, North and South America, Australasia and Africa.”

BP p.l.c. is an integrated oil and gas company. The company has a market cap of $115.43 billion. The Firm provides its clients with fuel for transportation, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. It currently has negative earnings. The Firm operates through three divisions: Upstream, Downstream and Rosneft.

BP Company Profile

BP p.l.c., incorporated on April 14, 1909, is an integrated gas and oil company. The Firm provides its clients with fuel for transportation, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. The Firm operates through three divisions: Upstream, Downstream and Rosneft. The Company’s Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing. The Company’s Downstream segment has global manufacturing and marketing operations. Rosneft is an oil company. The Firm has activities in Europe, North and South America, Australasia, Asia and Africa.

More news for BP plc (ADR) (NYSE:BP) were recently published by: Businessfinancenews.com, which released: “BP plc (ADR): Whiting Refinery Spill Exceeds Permitted Amount” on August 05, 2016. Etfdailynews.com‘s article titled: “BP plc (ADR)(BP): Is The 8% Dividend Built To Last?” and published on March 16, 2016 is yet another important article.

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