Is BHP Billiton Limited (ADR) a Sell? The Stock Had Bearish Options Activity Today

 Is BHP Billiton Limited (ADR) a Sell? The Stock Had Bearish Options Activity Today

In today’s session BHP Billiton Limited (ADR) (BHP) recorded an unusually high (253) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious BHP decrease. With 253 contracts traded and 35254 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: BHP161118P00034000 closed last at: $1.62 or 31.7% up. About 2.50M shares traded hands. BHP Billiton Limited (ADR) (NYSE:BHP) has risen 26.59% since March 14, 2016 and is uptrending. It has outperformed by 20.98% the S&P500.

BHP Billiton Limited (ADR) (NYSE:BHP) Ratings Coverage

Out of 19 analysts covering BHP Billiton Limited (ADR) (NYSE:BHP), 7 rate it a “Buy”, 4 “Sell”, while 8 “Hold”. This means 37% are positive. BHP Billiton Limited (ADR) has been the topic of 36 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm earned “Market Perform” rating on Thursday, October 29 by Cowen & Co. On Tuesday, November 10 the stock rating was downgraded by Barclays Capital to “Equal-Weight”. The company was downgraded on Tuesday, October 11 by UBS. The firm has “Outperform” rating given on Tuesday, September 20 by Macquarie Research. RBC Capital Markets upgraded the stock to “Sector Perform” rating in Wednesday, August 26 report. As per Wednesday, July 22, the company rating was maintained by JP Morgan. The company was maintained on Wednesday, July 22 by Liberum Capital. As per Monday, April 18, the company rating was upgraded by Bank of America. The firm earned “Sector Perform” rating on Tuesday, February 9 by RBC Capital Markets. The rating was downgraded by Nomura to “Neutral” on Thursday, March 17.

According to Zacks Investment Research, “BHP Billiton is a leader in the global natural resources industry. The Group has high-value and industry-leading positions in aluminium, metallurgical coal, thermal coal, copper, ferro-alloys, iron ore and titanium minerals and also has substantial interests in oil, gas, nickel, diamonds and silver.”

BHP Billiton Limited is a global resources company. The company has a market cap of $85.64 billion. The Firm is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. It currently has negative earnings. The Company’s divisions include Petroleum, Copper, Iron Ore and Coal.

BHP Company Profile

BHP Billiton Limited, incorporated on August 13, 1885, is a global resources company. The Firm is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. The Company’s divisions include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of gas and oil. The Copper segment is engaged in mining of copper, silver, lead, zinc, molybdenum, uranium and gold. The Iron Ore segment is engaged in mining of iron ore. The Coal segment is engaged in mining of metallurgical coal and thermal (energy) coal. The Firm extracts and processes minerals, gas and oil from its production activities located primarily in Australia and the Americas. It manages product distribution through its global logistics chain, including freight and pipeline transportation. The Firm sells its products through direct supply agreements with its clients and on global commodity exchanges. The Company’s businesses include Minerals Australia, Minerals Americas, Petroleum and Marketing.

Another recent and important BHP Billiton Limited (ADR) (NYSE:BHP) news was published by Investorplace.com which published an article titled: “3 Stocks to Watch on Wednesday: BHP Billiton Limited (ADR) (BHP), Gluu Mobile …” on May 04, 2016.

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