Somewhat Favorable News Coverage Somewhat Unlikely to Affect BHP Billiton (BBL) Stock Price
Media headlines about BHP Billiton (NYSE:BBL) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. BHP Billiton earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned press coverage about the mining company an impact score of 45.6098902139085 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of BHP Billiton (BBL) traded up $0.33 during midday trading on Friday, reaching $42.48. 1,036,640 shares of the company were exchanged, compared to its average volume of 1,070,000. The firm has a market capitalization of $121,920.00, a PE ratio of 19.22, a P/E/G ratio of 2.93 and a beta of 1.05. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.53 and a current ratio of 1.85. BHP Billiton has a 52-week low of $28.73 and a 52-week high of $42.49.
A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of BHP Billiton from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Tuesday, December 19th. Jefferies Group set a $38.00 price objective on shares of BHP Billiton and gave the company a “hold” rating in a report on Thursday, October 5th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $40.50.
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BHP Billiton Company Profile
BHP Billiton Plc is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.
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