BHP Billiton (BBL) Getting Somewhat Favorable News Coverage, Study Shows

Press coverage about BHP Billiton (NYSE:BBL) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. BHP Billiton earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news stories about the mining company an impact score of 46.4594884605162 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Shares of BHP Billiton (NYSE:BBL) traded up $0.15 during midday trading on Friday, reaching $35.96. The company’s stock had a trading volume of 949,571 shares, compared to its average volume of 1,170,000. The company has a current ratio of 1.85, a quick ratio of 1.53 and a debt-to-equity ratio of 0.47. BHP Billiton has a 1-year low of $28.73 and a 1-year high of $39.12.

Several research firms have commented on BBL. Zacks Investment Research upgraded BHP Billiton from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a report on Thursday, October 12th. BidaskClub upgraded BHP Billiton from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. ValuEngine downgraded BHP Billiton from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 24th. Finally, Jefferies Group set a $34.00 price objective on BHP Billiton and gave the stock a “hold” rating in a report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. BHP Billiton presently has an average rating of “Buy” and an average target price of $40.00.

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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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