In today’s session BHP Billiton Limited (ADR) (BHP) recorded an unusually high (1,010) 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 1,010 contracts traded and 3704 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: BHP170120P00036000 closed last at: $1.13 or 6.6% up. About 1.23M shares traded hands. BHP Billiton Limited (ADR) (NYSE:BHP) has risen 21.02% since April 27, 2016 and is uptrending. It has outperformed by 15.80% 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. $40 is the highest target while $15 is the lowest. The $27.67 average target is -25.94% below today’s ($37.36) stock price. BHP Billiton Limited (ADR) has been the topic of 38 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock has “Sell” rating given by Citigroup on Wednesday, October 12. The stock has “Neutral” rating given by JP Morgan on Wednesday, July 22. RBC Capital Markets upgraded the shares of BHP in a report on Wednesday, August 26 to “Sector Perform” rating. The firm has “Overweight” rating given on Wednesday, January 13 by Morgan Stanley. The stock has “Buy” rating given by Jefferies on Tuesday, August 23. The firm has “Hold” rating by HSBC given on Thursday, November 10. Macquarie Research upgraded the shares of BHP in a report on Tuesday, September 20 to “Outperform” rating. The firm earned “Underweight” rating on Tuesday, January 12 by Barclays Capital. RBC Capital Markets initiated the shares of BHP in a report on Tuesday, February 9 with “Sector Perform” rating. As per Tuesday, March 15, the company rating was downgraded by Macquarie Research.
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 $93.14 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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