Anadarko Petroleum (NASDAQ:APC) Stock Gets Price Target Trim from UBS Group

Anadarko Petroleum (NASDAQ:APC) had its price target trimmed by UBS Group from $21.00 to $19.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a buy rating on the oil and gas development company’s stock.

A number of other equities analysts have also recently issued reports on APC. Zacks Research cut shares of Anadarko Petroleum from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Mizuho raised shares of Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $22.00 target price for the company in a report on Friday, October 2nd. Finally, Weiss Ratings upgraded shares of Anadarko Petroleum from a “sell (e)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Anadarko Petroleum has an average rating of “Moderate Buy” and a consensus price target of $21.40.

Anadarko Petroleum Stock Up 0.2%

Shares of NASDAQ APC opened at $14.80 on Thursday. The firm has a market capitalization of $186.04 million and a PE ratio of 15.26. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 1.17. Anadarko Petroleum has a 1 year low of $13.72 and a 1 year high of $21.72. The firm’s 50-day moving average is $16.63 and its 200-day moving average is $23.08.

Anadarko Petroleum (NASDAQ:APC) last issued its quarterly earnings results on Wednesday, November 4th. The oil and gas development company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). The business had revenue of $1.89 billion for the quarter. Anadarko Petroleum had a return on equity of 21.23% and a net margin of 0.65%. Anadarko Petroleum’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same period last year, the company posted $0.29 EPS. Equities analysts expect that Anadarko Petroleum will post 0.90 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Holdings I. L.P. Blackstone sold 124,600 shares of Anadarko Petroleum stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $16.40, for a total transaction of $2,043,440.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Anadarko Petroleum

Several large investors have recently bought and sold shares of the company. ACT Capital Partners L.P. bought a new position in shares of Anadarko Petroleum during the third quarter worth $223,000. State Street Corp acquired a new position in shares of Anadarko Petroleum in the 2nd quarter valued at $2,536,000. Citadel Advisors LLC acquired a new position in shares of Anadarko Petroleum in the 2nd quarter valued at $4,579,000. Greenland Capital Management LP bought a new stake in shares of Anadarko Petroleum in the 2nd quarter valued at $264,000. Finally, Readystate Asset Management LP bought a new stake in shares of Anadarko Petroleum in the 2nd quarter valued at $1,696,000.

About Anadarko Petroleum

Anadarko Petroleum Corporation was an independent oil and natural gas exploration and production company headquartered in The Woodlands, Texas. Its operations focused on finding, developing and producing crude oil, natural gas and natural gas liquids, with additional activities in gathering, processing and other midstream services.

The company’s principal resource areas included U.S. onshore properties, particularly in the Delaware and DJ basins, as well as assets in the Gulf of Mexico.