BP plc (ADR) Could Rise a Lot According to The Today’s Call Option Activity

 BP plc (ADR) Could Rise a Lot According to The Today's Call Option Activity

In today’s session BP plc (ADR) (BP) registered an unusually high (296) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious BP increase. With 296 contracts traded and 44704 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: BP170120C00036000 closed last at: $1.33 or 2.9% down. About 2.69M shares traded hands. BP plc (ADR) (NYSE:BP) has risen 19.67% since March 14, 2016 and is uptrending. It has outperformed by 14.05% the S&P500.

Analysts await BP plc (ADR) (NYSE:BP) to report earnings on October, 25. They expect $0.29 earnings per share, down 51.67% or $0.31 from last year’s $0.6 per share. BP’s profit will be $922.07 million for 30.59 P/E if the $0.29 EPS becomes a reality. After $0.23 actual earnings per share 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), 13 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 65% are positive. BP has been the topic of 27 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, July 29 by Barclays Capital. The rating was reinitiated by BNP Paribas with “Outperform” on Tuesday, October 11. Goldman Sachs upgraded BP plc (ADR) (NYSE:BP) on Friday, September 11 to “Neutral” rating. The rating was initiated by Macquarie Research with “Neutral” on Wednesday, September 23. The firm has “Outperform” rating by Bernstein given on Thursday, September 10. The firm has “Equalweight” rating given on Monday, November 2 by Morgan Stanley. The firm earned “Buy” rating on Wednesday, July 29 by Deutsche Bank. The rating was upgraded by Howard Weil on Monday, December 14 to “Focus Stock”. The firm has “Hold” rating given on Friday, September 11 by Jefferies. Howard Weil maintained BP plc (ADR) (NYSE:BP) on Wednesday, October 28 with “Sector Perform” rating.

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 $112.81 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: Etfdailynews.com, which released: “BP plc (ADR)(BP): Is The 8% Dividend Built To Last?” on March 16, 2016. Businessfinancenews.com‘s article titled: “BP plc (ADR) Oil Spill Saga Ends; No More Charges” and published on July 15, 2016 is yet another important article.

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