Anadarko Petroleum (NASDAQ:APC) Cut to “Strong Sell” at Zacks Research

Zacks Research lowered shares of Anadarko Petroleum (NASDAQ:APC) from a hold rating to a strong sell rating in a report issued on Wednesday,Zacks reports.

Several other equities research analysts have also issued reports on APC. Mizuho raised shares of Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $22.00 price target on the stock in a report on Friday, October 2nd. Weiss Ratings upgraded Anadarko Petroleum from a “sell (e)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. Finally, UBS Group decreased their price target on shares of Anadarko Petroleum from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.40.

Anadarko Petroleum Stock Performance

Anadarko Petroleum stock opened at $14.80 on Wednesday. Anadarko Petroleum has a 52 week low of $13.72 and a 52 week high of $21.72. The firm has a market capitalization of $186.04 million and a P/E ratio of 15.26. 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 fifty day moving average price of $16.63 and a 200 day moving average price of $23.08.

Anadarko Petroleum (NASDAQ:APC) last posted its quarterly earnings data on Wednesday, November 4th. The oil and gas development company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The company had revenue of $1.89 billion for the quarter. The firm’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same period last year, the business posted $0.29 earnings per share. Equities research analysts anticipate that Anadarko Petroleum will post 0.94 earnings per share for the current year.

Insider Activity at Anadarko Petroleum

In related news, major shareholder Holdings I. L.P. Blackstone sold 124,600 shares of the firm’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $16.40, for a total transaction of $2,043,440.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Anadarko Petroleum

Hedge funds have recently modified their holdings of the business. Citadel Advisors LLC purchased a new position in shares of Anadarko Petroleum in the second quarter valued at approximately $4,579,000. State Street Corp purchased a new stake in Anadarko Petroleum in the second quarter valued at approximately $2,536,000. Readystate Asset Management LP purchased a new position in shares of Anadarko Petroleum during the second quarter worth about $1,696,000. ACT Capital Partners L.P. purchased a new position in Anadarko Petroleum in the 3rd quarter valued at $223,000. Finally, Greenland Capital Management LP purchased a new stake in shares of Anadarko Petroleum in 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. Its operations focused on finding, developing and producing crude oil, natural gas and natural gas liquids, with additional activities in gathering, processing and other midstream services.

The company’s principal resource areas included U.S. onshore properties, particularly in the Delaware and DJ basins, as well as assets in the Gulf of Mexico.