UBS AG upgraded shares of Anadarko Petroleum Corporation (NYSE:APC) from a neutral rating to an overweight rating in a report released on Thursday morning, The Fly reports.

A number of other research firms also recently commented on APC. Capital One Financial Corporation restated an overweight rating on shares of Anadarko Petroleum Corporation in a report on Wednesday, July 26th. Bank of America Corporation dropped their price objective on Anadarko Petroleum Corporation from $81.00 to $80.00 and set a buy rating for the company in a report on Tuesday, July 25th. Stifel Nicolaus restated a buy rating and set a $78.00 price objective (down from $80.00) on shares of Anadarko Petroleum Corporation in a report on Tuesday, July 25th. Wells Fargo & Company restated a market perform rating and set a $48.00 price objective (down from $55.00) on shares of Anadarko Petroleum Corporation in a report on Saturday, July 22nd. Finally, Citigroup Inc. dropped their price objective on Anadarko Petroleum Corporation from $85.00 to $60.00 and set a buy rating for the company in a report on Friday, July 21st. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Anadarko Petroleum Corporation has an average rating of Buy and a consensus price target of $69.81.

Shares of Anadarko Petroleum Corporation (NYSE APC) opened at 46.32 on Thursday. The stock has a 50 day moving average price of $45.33 and a 200-day moving average price of $57.28. The firm’s market capitalization is $25.96 billion. Anadarko Petroleum Corporation has a 52 week low of $42.58 and a 52 week high of $73.33.

Anadarko Petroleum Corporation (NYSE:APC) last issued its quarterly earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the prior year, the company earned ($0.60) EPS. The company’s revenue for the quarter was up 41.8% compared to the same quarter last year. Equities analysts anticipate that Anadarko Petroleum Corporation will post ($1.91) earnings per share for the current year.

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In related news, Chairman R A. Walker purchased 19,300 shares of Anadarko Petroleum Corporation stock in a transaction dated Wednesday, May 17th. The shares were acquired at an average price 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 of the company’s stock, valued at approximately $9,157,526.76. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Peter J. Fluor purchased 20,000 shares of Anadarko Petroleum Corporation stock in a transaction dated Wednesday, May 17th. The shares were bought at an average cost of $51.83 per share, for a total transaction of $1,036,600.00. Following the transaction, the director now directly owns 146,750 shares of the company’s stock, valued at approximately $7,606,052.50. The disclosure for this purchase can be found here. Insiders have bought 41,205 shares of company stock worth $2,136,700 in the last ninety days. Corporate insiders own 0.45% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Wealthfront Inc. boosted its position in shares of Anadarko Petroleum Corporation by 5.5% in the fourth quarter. Wealthfront Inc. now owns 12,239 shares of the oil and gas development company’s stock valued at $853,000 after buying an additional 634 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of Anadarko Petroleum Corporation by 36.6% in the fourth quarter. Macquarie Group Ltd. now owns 130,428 shares of the oil and gas development company’s stock valued at $9,095,000 after buying an additional 34,929 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in shares of Anadarko Petroleum Corporation by 18.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 553,937 shares of the oil and gas development company’s stock valued at $34,344,000 after buying an additional 84,635 shares during the last quarter. Trust Co bought a new position in shares of Anadarko Petroleum Corporation during the fourth quarter valued at approximately $202,000. Finally, Gillespie Robinson & Grimm Inc. boosted its position in shares of Anadarko Petroleum Corporation by 11.1% in the first quarter. Gillespie Robinson & Grimm Inc. now owns 25,448 shares of the oil and gas development company’s stock valued at $1,578,000 after buying an additional 2,533 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.

About Anadarko Petroleum Corporation

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.

The Fly

Analyst Recommendations for Anadarko Petroleum Corporation (NYSE:APC)

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