BP plc (ADR) Can Burn Your Long Portfolio. Option Traders Are Bearish

 BP plc (ADR) Can Burn Your Long Portfolio. Option Traders Are Bearish

In today’s session BP plc (ADR) (BP) recorded an unusually high (369) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious BP decrease. With 369 contracts traded and 7164 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: BP161216P00033000 closed last at: $1.03 or 7.3% up. About 2.32M shares traded hands. BP plc (ADR) (NYSE:BP) has risen 15.94% since April 5, 2016 and is uptrending. It has outperformed by 13.98% the S&P500.

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

Out of 20 analysts covering BP (NYSE:BP), 11 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 55% are positive. $42 is the highest target while $33 is the lowest. The $38.76 average target is 14.27% above today’s ($33.92) stock price. BP has been the topic of 29 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Thursday, September 10 by Bernstein. The stock of BP plc (ADR) (NYSE:BP) earned “Buy” rating by Evercore on Tuesday, November 3. The firm has “Neutral” rating by UBS given on Thursday, October 20. As per Friday, September 11, the company rating was downgraded by Jefferies. The stock has “Buy” rating given by Liberum Capital on Tuesday, September 15. The firm has “Buy” rating by Societe Generale given on Monday, January 18. Credit Agricole initiated the shares of BP in a report on Tuesday, December 15 with “Buy” rating. The firm has “Hold” rating given on Monday, July 11 by Jefferies. The firm earned “Buy” rating on Wednesday, July 29 by Deutsche Bank. Macquarie Research initiated the stock with “Neutral” rating in Wednesday, September 23 report.

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 $106.40 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 recent BP plc (ADR) (NYSE:BP) news were published by: Investorplace.com which released: “Why BP plc (ADR) (BP), L Brands Inc (LB) and Tesla Motors Inc (TSLA) Are 3 of …” on November 01, 2016. Also Investorplace.com published the news titled: “BP plc (ADR) Stock Takes a Hit After Q3 Earnings” on November 01, 2016. Investorplace.com‘s news article titled: “BP plc (ADR): A High-Yielding Dividend Stock to Avoid (BP)” with publication date: October 23, 2016 was also an interesting one.

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