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

Anadarko Petroleum (NASDAQ:APC) was upgraded by equities research analysts at Mizuho from a “neutral” rating to an “outperform” rating in a research report issued on Friday, MarketBeat Ratings reports. The firm currently has a $22.00 price target on the oil and gas development company’s stock. Mizuho’s price objective indicates a potential upside of 42.21% from the stock’s current price.

Several other equities analysts also recently weighed in on APC. Weiss Ratings upgraded Anadarko Petroleum from a “sell (e)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. Zacks Research cut shares of Anadarko Petroleum from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Finally, UBS Group lowered 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. One investment 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.80.

Anadarko Petroleum Trading Up 2.9%

Shares of NASDAQ APC traded up $0.44 during midday trading on Friday, reaching $15.47. 49,053 shares of the stock were exchanged, compared to its average volume of 169,312. The company has a market capitalization of $194.46 million and a P/E ratio of 22.42. Anadarko Petroleum has a 52-week low of $14.50 and a 52-week high of $21.72. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. The stock has a 50 day moving average price of $18.61 and a 200-day moving average price of $18.96.

Anadarko Petroleum (NASDAQ:APC) last issued 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 firm had revenue of $1.84 billion for the quarter. The company’s revenue was up 27.4% on a year-over-year basis. Equities research analysts expect that Anadarko Petroleum will post 0.95 earnings per share for the current fiscal year.

Insider Transactions at Anadarko Petroleum

In related news, major shareholder Holdings I. L.P. Blackstone sold 124,600 shares of Anadarko Petroleum stock in a transaction 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Anadarko Petroleum

Institutional investors and hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC bought a new stake in Anadarko Petroleum in the second quarter valued at about $4,579,000. State Street Corp acquired a new stake in Anadarko Petroleum during the second quarter valued at approximately $2,536,000. Readystate Asset Management LP acquired a new stake in Anadarko Petroleum during the second quarter valued at approximately $1,696,000. Finally, Greenland Capital Management LP acquired a new stake in Anadarko Petroleum during the second 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 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.