In today’s session BHP Billiton Limited (ADR) (BHP) recorded an unusually high (594) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious BHP decrease. With 594 contracts traded and 10594 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: BHP170120P00029000 closed last at: $0.48 or 17.1% up. About 736,528 shares traded hands. BHP Billiton Limited (ADR) (NYSE:BHP) has risen 34.88% since March 28, 2016 and is uptrending. It has outperformed by 30.17% 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. On Tuesday, January 12 the stock rating was downgraded by Barclays Capital to “Underweight”. Societe Generale downgraded BHP Billiton Limited (ADR) (NYSE:BHP) on Friday, October 2 to “Hold” rating. Macquarie Research downgraded the stock to “Underperform” rating in Tuesday, March 15 report. On Tuesday, November 17 the stock rating was downgraded by Clarkson Platou to “Neutral”. Argus Research initiated the stock with “Hold” rating in Wednesday, March 9 report. The rating was upgraded by Argus Research on Tuesday, August 30 to “Buy”. The firm has “Outperform” rating given on Tuesday, September 20 by Macquarie Research. The rating was upgraded by Bank of America to “Buy” on Monday, April 18. The rating was maintained by JP Morgan with “Neutral” on Wednesday, September 23. The stock of BHP Billiton Limited (ADR) (NYSE:BHP) earned “Buy” rating by Canaccord Genuity on Wednesday, July 22.
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 $86.42 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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