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

Anadarko Petroleum (NASDAQ:APC) was upgraded by analysts at Mizuho from a “neutral” rating to an “outperform” rating in a research note issued to investors on Friday, Marketbeat.com reports. The brokerage presently has a $22.00 target price on the oil and gas development company’s stock. Mizuho’s price target would suggest a potential upside of 41.94% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Weiss Ratings raised shares of 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 shares of 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 downgraded shares of Anadarko Petroleum from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.80.

Anadarko Petroleum Stock Up 3.1%

NASDAQ:APC traded up $0.47 during trading hours on Friday, hitting $15.50. 280,322 shares of the stock traded hands, compared to its average volume of 170,762. The firm has a 50 day moving average price of $18.50 and a 200 day moving average price of $18.93. 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 has a fifty-two week low of $14.50 and a fifty-two week high of $21.72. The firm has a market cap of $194.84 million and a price-to-earnings ratio of 22.46.

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 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 firm’s revenue for the quarter was up 27.4% compared to the same quarter last year. Equities research analysts anticipate that Anadarko Petroleum will post 0.95 earnings per share for the current year.

Insider Buying and Selling

In other Anadarko Petroleum news, major shareholder Holdings I. L.P. Blackstone sold 124,600 shares of the 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 through this hyperlink. 0.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Anadarko Petroleum

Hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC acquired a new position in Anadarko Petroleum during the second quarter worth $4,579,000. Readystate Asset Management LP acquired a new position in Anadarko Petroleum during the second quarter worth $1,696,000. State Street Corp acquired a new position in Anadarko Petroleum during the second quarter worth $2,536,000. Finally, Greenland Capital Management LP acquired a new position in Anadarko Petroleum during the second quarter worth $264,000.

About Anadarko Petroleum

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.