Anadarko Petroleum (NASDAQ:APC) Stock Rating Upgraded by Mizuho

Anadarko Petroleum (NASDAQ:APC) was upgraded by investment analysts at Mizuho from a “neutral” rating to an “outperform” rating in a research note issued on Friday, MarketBeat reports. The brokerage presently has a $22.00 price target on the oil and gas development company’s stock. Mizuho’s price objective would indicate a potential upside of 46.37% from the stock’s current price.

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

Anadarko Petroleum Stock Performance

Shares of APC stock opened at $15.03 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 1.09. Anadarko Petroleum has a 52 week low of $14.50 and a 52 week high of $21.72. The firm has a 50 day moving average of $18.61 and a 200-day moving average of $18.96. The company has a market cap of $188.93 million and a price-to-earnings ratio of 21.78.

Anadarko Petroleum (NASDAQ:APC) last posted its quarterly earnings results on Thursday, August 6th. The oil and gas development company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.10). The business had revenue of $1.84 billion for the quarter. The firm’s revenue for the quarter was up 27.4% on a year-over-year basis. On average, equities analysts forecast that Anadarko Petroleum will post 0.95 earnings per share for the current year.

Insider Buying and Selling

In other news, major shareholder Holdings I. L.P. Blackstone sold 124,600 shares of the stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Anadarko Petroleum

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

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 focused on finding, developing and producing crude oil, natural gas and natural gas liquids, with operations spanning onshore and offshore assets.

Anadarko’s U.S. activities included significant positions in the Delaware and DJ basins, the Gulf of Mexico and other domestic producing regions. Internationally, the company participated in exploration and development projects in countries including Algeria, Ghana, Mozambique and Peru.