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

Anadarko Petroleum (NASDAQ:APC) was upgraded by Mizuho from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a $22.00 price objective on the oil and gas development company’s stock. Mizuho’s target price points to a potential upside of 46.37% from the stock’s current price.

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

Anadarko Petroleum Price Performance

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

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

Insider Buying and Selling at Anadarko Petroleum

In related news, major shareholder Holdings I. L.P. Blackstone sold 124,600 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $16.40, for a total transaction of $2,043,440.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Anadarko Petroleum

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

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.