Anadarko Petroleum Corporation (NYSE:APC) Rating Lowered to Strong Sell at BidaskClub
BidaskClub cut shares of Anadarko Petroleum Corporation (NYSE:APC) from a sell rating to a strong sell rating in a research note published on Thursday morning.
Other analysts have also issued reports about the company. UBS AG reaffirmed a buy rating and set a $80.00 target price on shares of Anadarko Petroleum Corporation in a report on Monday, May 15th. Royal Bank Of Canada set a $78.00 target price on Anadarko Petroleum Corporation and gave the stock a buy rating in a report on Saturday, June 17th. Mitsubishi UFJ Financial Group raised Anadarko Petroleum Corporation from a neutral rating to a buy rating and set a $66.00 target price on the stock in a report on Thursday. Morgan Stanley lowered Anadarko Petroleum Corporation from an overweight rating to an equal weight rating and set a $74.00 target price on the stock. in a report on Wednesday, May 3rd. Finally, Jefferies Group LLC reaffirmed a buy rating and set a $62.00 target price on shares of Anadarko Petroleum Corporation in a report on Friday, April 28th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $69.81.
Anadarko Petroleum Corporation (NYSE APC) opened at 46.32 on Thursday. Anadarko Petroleum Corporation has a 52-week low of $42.58 and a 52-week high of $73.33. The stock’s market capitalization is $25.96 billion. The stock’s 50 day moving average price is $45.33 and its 200-day moving average price 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) EPS for the quarter, missing the consensus estimate of ($0.35) by $0.42. The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.50 billion. Anadarko Petroleum Corporation had a negative return on equity of 9.71% and a negative net margin of 19.31%. The firm’s revenue was up 41.8% on a year-over-year basis. During the same period last year, the business earned ($0.60) earnings per share. On average, equities analysts expect that Anadarko Petroleum Corporation will post ($1.91) EPS for the current fiscal year.
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In other Anadarko Petroleum Corporation news, Chairman R A. Walker bought 19,300 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was bought at an average price of $51.82 per share, with a total value of $1,000,126.00. Following the completion of the purchase, the chairman now directly owns 176,718 shares in the company, valued at $9,157,526.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anthony R. Chase bought 1,905 shares of the business’s stock in a transaction on Thursday, May 18th. The shares were acquired at an average cost of $52.48 per share, with a total value of $99,974.40. Following the purchase, the director now owns 23,636 shares of the company’s stock, valued at $1,240,417.28. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 41,205 shares of company stock valued at $2,136,700. 0.45% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the company. Clean Yield Group acquired a new stake in Anadarko Petroleum Corporation during the first quarter valued at about $105,000. Assetmark Inc. boosted its stake in Anadarko Petroleum Corporation by 10.7% in the first quarter. Assetmark Inc. now owns 1,815 shares of the oil and gas development company’s stock valued at $113,000 after buying an additional 176 shares during the period. Winch Advisory Services LLC boosted its stake in Anadarko Petroleum Corporation by 501.9% in the first quarter. Winch Advisory Services LLC now owns 2,167 shares of the oil and gas development company’s stock valued at $126,000 after buying an additional 1,807 shares during the period. Guardian Life Insurance Co. of America boosted its stake in Anadarko Petroleum Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,156 shares of the oil and gas development company’s stock valued at $134,000 after buying an additional 15 shares during the period. Finally, Financial Architects Inc boosted its stake in Anadarko Petroleum Corporation by 31.6% in the first quarter. Financial Architects Inc now owns 2,290 shares of the oil and gas development company’s stock valued at $142,000 after buying an additional 550 shares during the period. 84.70% of the stock is owned by institutional investors.
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.
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