Anadarko Petroleum (NASDAQ:APC) Raised to “Outperform” at Mizuho

Anadarko Petroleum (NASDAQ:APC) was upgraded by stock analysts at Mizuho from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The firm currently has a $22.00 price objective on the oil and gas development company’s stock. Mizuho’s price target would indicate a potential upside of 34.80% from the company’s current price.

Several other research firms have also issued reports on APC. UBS Group lowered their price target on Anadarko Petroleum from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Zacks Research lowered Anadarko Petroleum from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings raised Anadarko Petroleum from a “sell (e)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Anadarko Petroleum presently has a consensus rating of “Moderate Buy” and an average target price of $21.80.

Anadarko Petroleum Price Performance

APC opened at $16.32 on Friday. The stock has a 50-day moving average price of $18.32 and a 200-day moving average price of $18.90. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.18 and a quick ratio of 1.03. The firm has a market cap of $205.14 million and a PE ratio of 23.65. Anadarko Petroleum has a 1 year low of $14.50 and a 1 year high of $21.72.

Anadarko Petroleum (NASDAQ:APC) last posted its quarterly earnings results on Thursday, August 6th. The oil and gas development company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.10). The firm had revenue of $1.84 billion during the quarter. Anadarko Petroleum’s revenue was up 27.4% compared to the same quarter last year. Sell-side analysts predict that Anadarko Petroleum will post 0.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Anadarko Petroleum news, major shareholder Holdings I. L.P. Blackstone sold 124,600 shares of the business’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $16.40, for a total value of $2,043,440.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Hedge Funds Weigh In On Anadarko Petroleum

A number of hedge funds have recently bought and sold shares of APC. Citadel Advisors LLC purchased a new position in Anadarko Petroleum in the 2nd quarter worth about $4,579,000. State Street Corp bought a new stake in Anadarko Petroleum during the second quarter valued at approximately $2,536,000. Readystate Asset Management LP bought a new stake in Anadarko Petroleum during the second quarter valued at approximately $1,696,000. Finally, Greenland Capital Management LP bought a new position in shares of Anadarko Petroleum during the 2nd quarter valued at approximately $264,000.

Anadarko Petroleum Company Profile

Anadarko Petroleum Corporation was an independent oil and natural gas exploration and production company headquartered in The Woodlands, Texas. The company explored for, developed and produced crude oil, natural gas and natural gas liquids, with operations focused primarily on onshore and offshore properties.

Anadarko’s U.S. activities included the Delaware and DJ basins, the Gulf of Mexico and other domestic producing regions. Internationally, the company held exploration and production interests in areas including Algeria, Ghana, Mozambique and South Africa.