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BP

BP

$47.22

0.62 (1.33%)

10:10
07/10/18
07/10
10:10
07/10/18
10:10

BP attracts bullish option flow as shares see strength

BP attracts bullish option flow as shares see strength. The stock up 55c to $47.15 amid broader gains in the energy sector and 5K Oct 50 calls trade for 65c when bid-ask was 64 to 65c. 8.6K changed hands total against 4.3K open interest (2.5K opened Monday as well) and the bid-ask lifted to 72 to 74c. The contract is struck 6% above spot and expires in 101 days. Next (estimated) earnings date is 7/31.

BP BP
$47.22

0.62 (1.33%)

07/05/18
RBCM
07/05/18
UPGRADE
Target $10
RBCM
Outperform
Kosmos upgraded to Outperform at RBC Capital on oil outlook, Tortue development
As reported earlier, RBC Capital analyst Al Stanton upgraded Kosmos (KOS) to Outperform from Sector Perform and raised his price target to $10 from $7. The analyst cites his more positive outlook for higher oil price as well as more upbeat BP (BP) commentary on Tortue gas development offshore Mauritania/Senegal. Stanton estimates the company's production growth reaching 50% in FY18, with higher realisations and oil prices in 2019 leading to another 20% increase in output.
07/09/18
RBCM
07/09/18
UPGRADE
RBCM
Top Pick
BP upgraded to Top Pick from Outperform at RBC Capital
07/09/18
RBCM
07/09/18
UPGRADE
RBCM
Top Pick
BP upgraded to Top Pick from Outperform at RBC Capital
RBC Capital analyst Biraj Borkhataria upgraded BP to Top Pick from Outperform with a price target of GBP 675, saying the company's visibility for volume growth will lead to higher cash flows from operations. The analyst adds that BP has "one of the stronger growth profiles from now to 2020 among the majors" with further growth options beyond, while its liability payments from the Macondo disaster are diminishing as claims are reduced. Borkhataria also sees BP benefiting from wider crude spreads.
07/09/18
07/09/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. FireEye (FEYE) upgraded to Overweight from Neutral at Piper Jaffray with analyst Andrew Nowinski saying a recent round of channel checks showed a "significant improvement" in demand trends for the company. 2. BP (BP) upgraded to Top Pick from Outperform at RBC Capital with analyst Biraj Borkhataria saying the company's visibility for volume growth will lead to higher cash flows from operations. 3. Capital One (COF) upgraded to Outperform from Perform at Oppenheimer with analyst Ben Chittenden saying the delinquency formation is improving and Q2 expectations seem too low to him. 4. Dunkin' Brands (DNKN) upgraded to Neutral from Underperform at Longbow with analyst Alton Stump saying his conversations with U.S. franchisees lead him to believe the company's Q2 same-store sales rose 0.5-1.0%, which would be in-line with the consensus view and slightly better than his prior forecast for them to have been flat with last year. 5. Baidu (BIDU) upgraded to Outperform from Neutral at Credit Suisse and to Overweight from Sector Weight at KeyBanc. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

UBSH

Union Bankshares

$41.58

2.01 (5.08%)

09:07
07/19/18
07/19
09:07
07/19/18
09:07
Hot Stocks
Union Bankshares raises quarterly dividend to 23c per share »

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    Sep

AMRB

American River

$15.66

0.06 (0.38%)

09:07
07/19/18
07/19
09:07
07/19/18
09:07
Earnings
American River reports Q2 EPS 22c, consensus 22c »

Reports Q2 book value per…

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  • 20

    Jul

NXTM

NxStage Medical

$27.92

-0.13 (-0.46%)

, FMS

Fresenius Medical

$49.68

-0.33 (-0.66%)

09:06
07/19/18
07/19
09:06
07/19/18
09:06
Hot Stocks
NxStage sells bloodlines business, sees Fresenius buyout closing in 2018 »

NxStage Medical (NXTM)…

NXTM

NxStage Medical

$27.92

-0.13 (-0.46%)

FMS

Fresenius Medical

$49.68

-0.33 (-0.66%)

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PHX

Panhandle Oil & Gas

$20.05

-0.4 (-1.96%)

09:05
07/19/18
07/19
09:05
07/19/18
09:05
Hot Stocks
Panhandle Oil & Gas acquires mineral, oil and gas properties for $9M »

Panhandle Oil & Gas…

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FITB

Fifth Third

$30.26

0.75 (2.54%)

09:05
07/19/18
07/19
09:05
07/19/18
09:05
Earnings
Fifth Third sees Q3 NII $1.04B »

Sees FY18 NII $4.12B.…

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  • 19

    Jul

NUE

Nucor

$65.65

1.045 (1.62%)

09:04
07/19/18
07/19
09:04
07/19/18
09:04
Hot Stocks
Nucor says improved earnings due to 'much stronger market conditions' »

"As expected,…

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  • 19

    Jul

CAR

Avis Budget

$32.32

0.34 (1.06%)

, AMZN

Amazon.com

$1,842.36

-1.64 (-0.09%)

09:04
07/19/18
07/19
09:04
07/19/18
09:04
Hot Stocks
Avis Budget Group introduces benefits for Amazon customers »

Avis Budget Group (CAR)…

CAR

Avis Budget

$32.32

0.34 (1.06%)

AMZN

Amazon.com

$1,842.36

-1.64 (-0.09%)

03/08/13
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03/06/13
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  • 26

    Jul

  • 08

    Aug

  • 16

    Aug

UAL

United Continental

$79.02

6.355 (8.75%)

09:03
07/19/18
07/19
09:03
07/19/18
09:03
Upgrade
United Continental rating change  »

United Continental…

03/08/13
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ETM

Entercom

$8.03

-0.05 (-0.62%)

, BBGI

Beasley Broadcast

$10.50

0.1 (0.96%)

09:03
07/19/18
07/19
09:03
07/19/18
09:03
Hot Stocks
Entercom to acquire WBEB-FM 101.1 MORE FM, divest WXTU-FM 92.5 FM »

Entercom Communications…

ETM

Entercom

$8.03

-0.05 (-0.62%)

BBGI

Beasley Broadcast

$10.50

0.1 (0.96%)

03/08/13
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AJG

Arthur J. Gallagher

$70.48

0.79 (1.13%)

09:02
07/19/18
07/19
09:02
07/19/18
09:02
Hot Stocks
Arthur J. Gallagher acquires Winnipeg-based Belton Boisselle »

Arthur J. Gallagher…

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  • 26

    Jul

SBUX

Starbucks

$51.15

-0.12 (-0.23%)

09:02
07/19/18
07/19
09:02
07/19/18
09:02
Hot Stocks
Starbucks to open first U.S. Signing Store in Washington, D.C. »

Starbucks will open its…

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  • 26

    Jul

NUE

Nucor

$65.65

1.045 (1.62%)

09:01
07/19/18
07/19
09:01
07/19/18
09:01
Earnings
Nucor says Q3 earnings expected 'to further improve' vs. Q2, consensus $2.15 »

"Earnings in the…

03/08/13
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03/08/13
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03/06/13
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  • 19

    Jul

09:01
07/19/18
07/19
09:01
07/19/18
09:01
Conference/Events
The Federal Energy Regulatory Commission to hold a meeting »

The Federal Energy…

NUE

Nucor

$65.65

1.045 (1.62%)

09:00
07/19/18
07/19
09:00
07/19/18
09:00
Earnings
Nucor reports Q2 EPS $2.13, consensus $2.09 »

Reports Q2 revenue $6.5B,…

03/08/13
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  • 19

    Jul

CMCSA

Comcast

$34.03

-0.23 (-0.67%)

, FOXA

21st Century Fox

$46.69

0.22 (0.47%)

08:57
07/19/18
07/19
08:57
07/19/18
08:57
Hot Stocks
Fly Intel: Pre-market Movers »

HIGHER: Comcast (CMCSA),…

CMCSA

Comcast

$34.03

-0.23 (-0.67%)

FOXA

21st Century Fox

$46.69

0.22 (0.47%)

DIS

Disney

$110.71

0.41 (0.37%)

IBM

IBM

$144.44

0.98 (0.68%)

AXP

American Express

$102.98

1.84 (1.82%)

DHR

Danaher

$98.80

-0.78 (-0.78%)

PM

Philip Morris

$82.16

-0.17 (-0.21%)

SON

Sonoco

$53.02

0.02 (0.04%)

EBAY

eBay

$37.95

0.13 (0.34%)

DPZ

Domino's Pizza

$283.74

1.74 (0.62%)

03/08/13
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  • 19

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  • 06

    Aug

  • 07

    Aug

  • 08

    Aug

  • 21

    Sep

  • 05

    Oct

  • 18

    Oct

NVS

Novartis

$80.89

2.17 (2.76%)

08:57
07/19/18
07/19
08:57
07/19/18
08:57
Upgrade
Novartis rating change  »

Novartis upgraded to…

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NDLS

Noodles & Company

$11.80

-0.35 (-2.88%)

08:56
07/19/18
07/19
08:56
07/19/18
08:56
Recommendations
Noodles & Company analyst commentary  »

Noodles & Company…

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LH

LabCorp

$185.91

1.13 (0.61%)

08:56
07/19/18
07/19
08:56
07/19/18
08:56
Periodicals
LabCorp dealing with broad cyberattack, WSJ reports »

LabCorp is dealing with a…

03/08/13
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AIRYY

Air China

$0.00

(0.00%)

08:56
07/19/18
07/19
08:56
07/19/18
08:56
Upgrade
Air China rating change  »

Air China upgraded to…

03/08/13
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GGP

GGP

$20.43

-0.27 (-1.30%)

, NFLX

Netflix

$375.16

-4.34 (-1.14%)

08:55
07/19/18
07/19
08:55
07/19/18
08:55
Options
Notable open interest changes for July 19th »

Wednesday's total…

GGP

GGP

$20.43

-0.27 (-1.30%)

NFLX

Netflix

$375.16

-4.34 (-1.14%)

JD

JD.com

$37.52

-0.46 (-1.21%)

GE

General Electric

$13.75

0.05 (0.36%)

03/08/13
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  • 20

    Jul

TRCO

Tribune Media

$34.09

0.79 (2.37%)

, SBGI

Sinclair Broadcast

$27.35

-0.65 (-2.32%)

08:54
07/19/18
07/19
08:54
07/19/18
08:54
Downgrade
Tribune Media, Sinclair Broadcast rating change  »

Tribune Media downgraded…

TRCO

Tribune Media

$34.09

0.79 (2.37%)

SBGI

Sinclair Broadcast

$27.35

-0.65 (-2.32%)

03/08/13
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  • 08

    Aug

  • 06

    Sep

CVRS

Corindus

$1.00

-0.04 (-3.85%)

08:53
07/19/18
07/19
08:53
07/19/18
08:53
Hot Stocks
Corindus announces remote PCI over 100 miles using CorPath GRX System »

Corindus announced that…

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PLYM

Plymouth Industrial REIT

$16.26

(0.00%)

08:52
07/19/18
07/19
08:52
07/19/18
08:52
Syndicate
Plymouth Industrial REIT 1.102M share Spot Secondary priced at $15.60 »

DA Davidson acted as lead…

03/08/13
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  • 19

    Jul

08:50
07/19/18
07/19
08:50
07/19/18
08:50
General news
FX Action: The dollar »

FX Action: The dollar…

08:50
07/19/18
07/19
08:50
07/19/18
08:50
General news
The 8k initial claims drop to a new 48-year low of 207k »

The 8k initial claims…

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