What’s Next for Orbital ATK Inc After Today’s Bearish Options Activity?

 What's Next for Orbital ATK Inc After Today's Bearish Options Activity?

In today’s session Orbital ATK Inc (OA) recorded an unusually high (1,242) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious OA decrease. With 1,242 contracts traded and 31754 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: OA161021P00070000 closed last at: $0.55 or 0% . About 464,027 shares traded hands. Orbital ATK Inc (NYSE:OA) has declined 4.88% since March 15, 2016 and is downtrending. It has underperformed by 10.37% the S&P500.

Analysts await Orbital ATK Inc (NYSE:OA) to report earnings on October, 25. They expect $1.40 earnings per share, up 3.70% or $0.05 from last year’s $1.35 per share. OA’s profit will be $82.91 million for 13.84 P/E if the $1.40 EPS becomes a reality. After $1.35 actual earnings per share reported by Orbital ATK Inc for the previous quarter, Wall Street now forecasts 3.70% EPS growth.

Orbital ATK Inc (NYSE:OA) Ratings Coverage

Out of 10 analysts covering Orbital ATK (NYSE:OA), 9 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 90% are positive. $104 is the highest target while $90 is the lowest. The $99.33 average target is 28.15% above today’s ($77.51) stock price. Orbital ATK has been the topic of 17 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, September 1 by Deutsche Bank. The rating was downgraded by Zacks to “Buy” on Wednesday, August 26. The firm has “Overweight” rating given on Thursday, August 11 by Barclays Capital. As per Tuesday, September 8, the company rating was upgraded by Goldman Sachs. Stifel Nicolaus maintained Orbital ATK Inc (NYSE:OA) rating on Wednesday, March 2. Stifel Nicolaus has “Buy” rating and $95 price target. Wells Fargo upgraded Orbital ATK Inc (NYSE:OA) on Tuesday, August 23 to “Outperform” rating. KeyBanc Capital Markets maintained the shares of OA in a report on Thursday, August 11 with “Overweight” rating. The stock has “Hold” rating given by Argus Research on Tuesday, August 23. On Tuesday, August 11 the stock rating was upgraded by Argus Research to “Hold”. The firm has “Overweight” rating by KeyBanc Capital Markets given on Monday, February 8.

According to Zacks Investment Research, “Orbital ATK, Inc. designs, builds and delivers space, defense and aviation-related systems. The company operates in three segments: Aerospace Group, Defense Group and Sporting Group. Its product include launch vehicles and related propulsion systems; satellites and associated components and services; composite aerospace structures; tactical missiles, subsystems and defense electronics; precision weapons, armament systems and ammunition. Orbital ATK, Inc., formerly known as Alliant Techsystems Inc., is headquartered in Dulles, Virginia.”

Orbital ATK, Inc., formerly Alliant Techsystems Inc., is an aerospace and defense company. The company has a market cap of $4.59 billion. The Firm designs, manufactures and delivers space, defense and aviation-related systems. It has a 18.39 P/E ratio.

OA Company Profile

Orbital ATK, Inc., formerly Alliant Techsystems Inc., incorporated on May 2, 1990, is an aerospace and defense company. The Firm designs, manufactures and delivers space, defense and aviation-related systems to clients both as a prime contractor and as a merchant supplier. The Firm operates through three business divisions: Flight Systems Group, Defense Systems Group and Space Systems Group. The Flight Systems Group segment develops rockets that are used as small- and medium-class space launch vehicles to place satellites into earth orbit and escape trajectories, interceptor and target vehicles for missile defense systems and suborbital launch vehicles that place payloads into a variety of high-altitude trajectories. The Defense Systems Group segment develops and produces military small- medium- and large-caliber ammunition, small-caliber commercial ammunition, propulsion systems for tactical missiles and missile defense applications, strike weapons, precision weapons and munitions, gun systems, aircraft survivability systems, fuzes and warheads, energetic materials and special mission aircraft. The Space Systems Group segment develops and produces small- and medium-class satellites that are used to enable global and regional communications and broadcasting, conduct space-related scientific research, and perform other activities related to national security. The Company’s main products include launch vehicles and related propulsion systems; satellites and associated components and services; composite aerospace structures; tactical missiles, subsystems and defense electronics, and precision weapons, armament systems and ammunition.

More notable recent Orbital ATK Inc (NYSE:OA) news were published by: Wsj.com which released: “Orbital ATK’s Unmanned Antares Rocket Achieves Smooth Return to Flight” on October 18, 2016, also Bizjournals.com with their article: “​Moody’s: R&D programs could turn Orbital ATK into ‘more formidable’ defense …” published on October 13, 2016, Fool.com published: “Here’s Why Orbital ATK Inc’s Stock Is Crashing Today” on August 10, 2016. More interesting news about Orbital ATK Inc (NYSE:OA) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Teradyne, Orbital ATK and Avnet” published on August 31, 2016 as well as Finance.Yahoo.com‘s news article titled: “Orbital ATK (OA) Secures Contract for EUTELSAT 5 Satellite” with publication date: October 12, 2016.

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