What’s in Quanta Services Inc After Today’s Bullish Options Activity?

 What's in Quanta Services Inc After Today's Bullish Options Activity?

In today’s session Quanta Services Inc (PWR) registered an unusually high (605) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious PWR increase. With 605 contracts traded and 5984 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: PWR161118C00029000 closed last at: $0.7 or 55.6% up. About 579,711 shares traded hands. Quanta Services Inc (NYSE:PWR) has risen 38.68% since April 8, 2016 and is uptrending. It has outperformed by 33.03% the S&P500.

Quanta Services Inc (NYSE:PWR) Ratings Coverage

Out of 10 analysts covering Quanta Services Inc. (NYSE:PWR), 5 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 50% are positive. $32.50 is the highest target while $20 is the lowest. The $25.64 average target is -17.18% below today’s ($30.96) stock price. Quanta Services Inc. has been the topic of 21 analyst reports since August 6, 2015 according to StockzIntelligence Inc. On Thursday, November 12 the stock rating was downgraded by Robert W. Baird to “Neutral”. The firm earned “Hold” rating on Tuesday, January 5 by Stifel Nicolaus. The rating was maintained by FBR Capital with “Mkt Perform” on Monday, November 9. The stock of Quanta Services Inc (NYSE:PWR) has “Neutral” rating given on Friday, November 13 by Citigroup. UBS downgraded the shares of PWR in a report on Monday, February 8 to “Neutral” rating. BB&T Capital downgraded the shares of PWR in a report on Friday, October 2 to “Hold” rating. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, September 23. The rating was downgraded by Johnson Rice to “Accumulate” on Monday, October 19. Maxim Group maintained it with “Buy” rating and $32 target price in Thursday, August 6 report. Stifel Nicolaus upgraded the stock to “Buy” rating in Friday, August 5 report.

According to Zacks Investment Research, “Quanta is a leading provider of specialty electrical contracting and maintenance services primarily related to electric and telecommunications infrastructure in North America. In addition, the Company provides electrical contracting services to the commercial and industrial markets and installs transportation control and lighting systems. Some of Quantas services include the installation, repair and maintenance of electric power transmission and distribution lines and telecommunication and cable television lines, the construction of electric substations, and the erection of cellular telephone.”

Quanta Services, Inc. is a provider of specialty contracting services, offering infrastructure solutions primarily to the electric power and gas and oil industries in the United States, Canada and Australia and selected other international markets. The company has a market cap of $4.95 billion. The Firm operates through two divisions: Electric Power Infrastructure Services, which provides network solutions to clients in the electric power industry, and Oil and Gas Infrastructure Services, which provides network solutions to clients involved in the development and transportation of natural gas, oil and other pipeline products. It has a 44.49 P/E ratio.

PWR Company Profile

Quanta Services, Inc. (Quanta), incorporated on August 19, 1997, is a well-known provider of specialty contracting services, offering infrastructure solutions primarily to the electric power and gas and oil industries in the United States, Canada and Australia and selected other international markets. The Firm operates through two divisions: Electric Power Infrastructure Services, and Oil and Gas Infrastructure Services. The services it provides include the design, installation, upgrade, repair and maintenance of infrastructure within each of the industries it serves, such as electric power transmission and distribution networks, substation facilities, renewable energy facilities, pipeline transmission and distribution systems and facilities, and infrastructure services for the offshore and inland water energy markets.

More recent Quanta Services Inc (NYSE:PWR) news were published by: Prnewswire.com which released: “Quanta Services Announces Third Quarter 2016 Earnings Release & Conference …” on October 27, 2016. Also Prnewswire.com published the news titled: “Quanta Services to Present at Baird 2016 Global Industrial Conference” on November 03, 2016. Prnewswire.com‘s news article titled: “Research Reports Coverage on Industrial Goods Stocks — Quanta Services …” with publication date: November 09, 2016 was also an interesting one.

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