What Next for Fluor Corporation (NEW) Stock After Today’s Bullish Options Activity?

 What Next for Fluor Corporation (NEW) Stock After Today's Bullish Options Activity?

In today’s session Fluor Corporation (NEW) (FLR) registered an unusually high (630) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious FLR increase. With 630 contracts traded and 11854 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: FLR170120C00057500 closed last at: $0.85 or 88.9% up. About 202,910 shares traded hands. Fluor Corporation (NEW) (NYSE:FLR) has declined 0.11% since April 22, 2016 and is downtrending. It has underperformed by 5.52% the S&P500.

Analysts await Fluor Corporation (NEW) (NYSE:FLR) to report earnings on February, 16. They expect $0.81 EPS, up 19.12% or $0.13 from last year’s $0.68 per share. FLR’s profit will be $115.86 million for 16.85 P/E if the $0.81 EPS becomes a reality. After $1.13 actual EPS reported by Fluor Corporation (NEW) for the previous quarter, Wall Street now forecasts -28.32% negative EPS growth.

Fluor Corporation (NEW) (NYSE:FLR) Ratings Coverage

Out of 15 analysts covering Fluor Corporation (NYSE:FLR), 6 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 40% are positive. Fluor Corporation has been the topic of 26 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was maintained by Cowen & Co with “Outperform” on Friday, July 31. The rating was downgraded by Credit Suisse to “Neutral” on Tuesday, November 8. As per Friday, February 19, the company rating was downgraded by FBR Capital. The rating was maintained by William Blair with “Outperform” on Friday, August 21. As per Friday, July 31, the company rating was downgraded by UBS. The firm has “Buy” rating by Canaccord Genuity given on Tuesday, August 25. The rating was maintained by Deutsche Bank on Friday, July 31 with “Hold”. The firm has “Buy” rating by Citigroup given on Friday, November 13. As per Friday, February 19, the company rating was maintained by Credit Suisse. On Friday, July 31 the stock rating was maintained by FBR Capital with “Outperform”.

According to Zacks Investment Research, “Fluor is a FORTUNE 500 company that delivers engineering, procurement, construction, maintenance (EPCM), and project management to governments and clients in diverse industries around the world. Fluor serves a number of industries worldwide, including oil and gas, chemical and petrochemicals, transportation, mining and metals, power, life sciences and manufacturing. Fluor is also a primary service provider to the United States Federal Government. It performs operations and maintenance activities for major industrial clients, and also operates and maintains their equipment fleet. The Company is aligned into five principal operating segments: Oil and Gas, Industrial and Infrastructure, Government, Global Services and Power. The company also offers unionized management and construction services in the United States and Canada. Fluor Corporation is headquartered in Irving, Texas.”

Insitutional Activity: The institutional sentiment increased to 1.02 in Q2 2016. Its up 0.16, from 0.86 in 2016Q1. The ratio is positive, as 55 funds sold all Fluor Corporation (NEW) shares owned while 167 reduced positions. 41 funds bought stakes while 150 increased positions. They now own 114.24 million shares or 3.13% less from 117.92 million shares in 2016Q1.
Smithfield Trust last reported 1,250 shares in the company. Ahl Prtnrs Limited Liability Partnership, a United Kingdom-based fund reported 36,634 shares. Bollard Grp Inc Ltd Liability Corporation owns 11,571 shares or 0.04% of their US portfolio. Tci Wealth Advisors last reported 0% of its portfolio in the stock. The Alabama-based Fjarde Ap has invested 0.04% in Fluor Corporation (NEW) (NYSE:FLR). Gateway Inv Advisers Limited Liability holds 12,108 shares or 0.01% of its portfolio. Suntrust Banks owns 329,473 shares or 0.1% of their US portfolio. Moreover, Hm Payson And has 0.02% invested in Fluor Corporation (NEW) (NYSE:FLR) for 6,789 shares. Mitsubishi Ufj Trust And Bk Corp last reported 0.03% of its portfolio in the stock. Great Lakes Advsrs Limited Liability Corporation has 0.02% invested in the company for 12,314 shares. Seizert Partners reported 477,086 shares or 0.89% of all its holdings. Washington Bancorp holds 0% or 94 shares in its portfolio. Sigma Planning reported 7,458 shares or 0.05% of all its holdings. Chevy Chase Trust Holdings last reported 0.06% of its portfolio in the stock. Manufacturers Life Insur The owns 147,715 shares or 0.01% of their US portfolio.

Fluor Corporation is a holding company. The company has a market cap of $7.81 billion. The Firm is a professional services company. It has a 47.99 P/E ratio. The Firm provides engineering, procurement, construction, fabrication and modularization, commissioning and maintenance, as well as project management services.

FLR Company Profile

Fluor Corporation (Fluor), incorporated on September 11, 2000, is a holding company. The Firm operates its business in five divisions: Oil & Gas, Industrial & Infrastructure, Government, Global Services and Power. The Company, through its subsidiaries, provides professional services. The Firm is an integrated solutions well-known provider for various industries, including gas and oil, chemicals and petrochemicals, transportation, mining and metals, power, life sciences and manufacturing. The Firm is also a service well-known provider to the United States federal Government, and it performs activities and maintenance activities around the world for its industrial clients.

Another recent and important Fluor Corporation (NEW) (NYSE:FLR) news was published by Fool.com which published an article titled: “Why Fluor Corporation Stock Got Floored Today” on November 04, 2016.

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