Capital One Financial Corporation restated their overweight rating on shares of Anadarko Petroleum Corporation (NYSE:APC) in a research report report published on Wednesday morning. Capital One Financial Corporation also issued estimates for Anadarko Petroleum Corporation’s Q3 2017 earnings at ($0.18) EPS, Q4 2017 earnings at ($0.13) EPS, FY2017 earnings at ($1.67) EPS and FY2018 earnings at ($0.54) EPS.

APC has been the topic of several other research reports. Citigroup Inc. lowered their price objective on shares of Anadarko Petroleum Corporation from $85.00 to $60.00 and set a buy rating on the stock in a research report on Friday, July 21st. Stifel Nicolaus restated a buy rating and set a $81.00 price objective (up previously from $77.00) on shares of Anadarko Petroleum Corporation in a research report on Friday, May 12th. Royal Bank Of Canada set a $84.00 price objective on shares of Anadarko Petroleum Corporation and gave the company a buy rating in a research report on Thursday, April 20th. Jefferies Group LLC set a $62.00 price objective on shares of Anadarko Petroleum Corporation and gave the company a buy rating in a research report on Tuesday, June 6th. Finally, Barclays PLC cut shares of Anadarko Petroleum Corporation from an equal weight rating to an underweight rating and lowered their price objective for the company from $52.00 to $42.00 in a research report on Wednesday, June 14th. Four analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $69.81.

Shares of Anadarko Petroleum Corporation (NYSE APC) opened at 46.32 on Wednesday. Anadarko Petroleum Corporation has a 1-year low of $42.58 and a 1-year high of $73.33. The company’s market cap is $25.96 billion. The firm’s 50 day moving average is $45.33 and its 200-day moving average is $57.28.

Anadarko Petroleum Corporation (NYSE:APC) last posted its earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by $0.42. Anadarko Petroleum Corporation had a negative return on equity of 9.71% and a negative net margin of 19.31%. The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the prior year, the company earned ($0.60) earnings per share. The business’s revenue for the quarter was up 41.8% compared to the same quarter last year. Equities analysts expect that Anadarko Petroleum Corporation will post ($1.91) earnings per share for the current year.

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In other Anadarko Petroleum Corporation news, Director Anthony R. Chase purchased 1,905 shares of the stock in a transaction that occurred on Thursday, May 18th. The stock was bought at an average cost of $52.48 per share, with a total value of $99,974.40. Following the transaction, the director now directly owns 23,636 shares in the company, valued at approximately $1,240,417.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman R A. Walker purchased 19,300 shares of the stock in a transaction that occurred on Wednesday, May 17th. The shares were acquired at an average cost of $51.82 per share, with a total value of $1,000,126.00. Following the completion of the transaction, the chairman now owns 176,718 shares in the company, valued at $9,157,526.76. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 41,205 shares of company stock valued at $2,136,700. 0.45% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Daiwa Securities Group Inc. boosted its position in shares of Anadarko Petroleum Corporation by 3.8% in the second quarter. Daiwa Securities Group Inc. now owns 16,200 shares of the oil and gas development company’s stock valued at $735,000 after buying an additional 600 shares during the period. Bessemer Group Inc. boosted its position in shares of Anadarko Petroleum Corporation by 18.2% in the second quarter. Bessemer Group Inc. now owns 2,371,400 shares of the oil and gas development company’s stock valued at $107,518,000 after buying an additional 364,778 shares during the period. Pillar Pacific Capital Management LLC boosted its position in shares of Anadarko Petroleum Corporation by 7.1% in the second quarter. Pillar Pacific Capital Management LLC now owns 77,618 shares of the oil and gas development company’s stock valued at $3,519,000 after buying an additional 5,134 shares during the period. Honkamp Krueger Financial Services Inc. boosted its position in shares of Anadarko Petroleum Corporation by 1.0% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 13,721 shares of the oil and gas development company’s stock valued at $622,000 after buying an additional 135 shares during the period. Finally, Klingenstein Fields & Co. LLC boosted its position in shares of Anadarko Petroleum Corporation by 0.8% in the second quarter. Klingenstein Fields & Co. LLC now owns 5,250 shares of the oil and gas development company’s stock valued at $238,000 after buying an additional 40 shares during the period. 85.18% of the stock is owned by institutional investors and hedge funds.

Anadarko Petroleum Corporation Company Profile

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.

Analyst Recommendations for Anadarko Petroleum Corporation (NYSE:APC)

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