A Reversal for BHP Billiton Limited (ADR) Is Not Near. Professional Options Traders Are Bullish

 A Reversal for BHP Billiton Limited (ADR) Is Not Near. Professional Options Traders Are Bullish

In today’s session BHP Billiton Limited (ADR) (BHP) registered an unusually high (2,089) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious BHP increase. With 2,089 contracts traded and 64614 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: BHP161118C00035000 closed last at: $0.91 or 48.9% down. About 303,854 shares traded hands. BHP Billiton Limited (ADR) (NYSE:BHP) has risen 20.13% since April 18, 2016 and is uptrending. It has outperformed by 15.70% the S&P500.

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

Out of 20 analysts covering BHP Billiton Limited (ADR) (NYSE:BHP), 7 rate it a “Buy”, 4 “Sell”, while 9 “Hold”. This means 35% are positive. BHP Billiton Limited (ADR) has been the topic of 38 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was upgraded on Tuesday, December 15 by Credit Suisse. The rating was upgraded by RBC Capital Markets on Wednesday, August 26 to “Sector Perform”. The firm earned “Sector Perform” rating on Friday, January 8 by IBC. Cowen & Co maintained it with “Market Perform” rating and $40 target price in Thursday, November 10 report. The rating was maintained by Cowen & Co on Wednesday, January 27 with “Market Perform”. The rating was maintained by Liberum Capital with “Sell” on Wednesday, July 22. The company was upgraded on Wednesday, January 13 by Morgan Stanley. The stock of BHP Billiton Limited (ADR) (NYSE:BHP) earned “Neutral” rating by UBS on Tuesday, October 11. The rating was maintained by Citigroup with “Buy” on Thursday, September 24. The firm has “Underperform” rating by Macquarie Research given on Tuesday, March 15.

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 $88.07 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.

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