Anadarko Petroleum Corporation (NYSE:APC) has been assigned a $60.00 price objective by stock analysts at Cowen and Company in a report issued on Wednesday, July 19th. The firm currently has a “buy” rating on the oil and gas development company’s stock. Cowen and Company’s target price would suggest a potential upside of 29.53% from the company’s current price.
Several other research analysts have also weighed in on APC. UBS AG reiterated a “buy” rating and issued a $80.00 price objective on shares of Anadarko Petroleum Corporation in a research note on Monday, May 15th. Royal Bank Of Canada set a $78.00 price objective on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a research note on Saturday, June 17th. BidaskClub upgraded shares of Anadarko Petroleum Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Anadarko Petroleum Corporation in a research note on Friday, July 7th. Finally, BMO Capital Markets upped their price objective on shares of Anadarko Petroleum Corporation from $50.00 to $53.00 and gave the company a “market perform” rating in a research note on Friday, July 14th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $69.81.
Anadarko Petroleum Corporation (NYSE:APC) traded down 2.11% during mid-day trading on Wednesday, reaching $46.32. 5,827,119 shares of the company’s stock traded hands. Anadarko Petroleum Corporation has a 52-week low of $42.58 and a 52-week high of $73.33. The company’s market capitalization is $25.96 billion. The company has a 50-day moving average of $45.33 and a 200-day moving average of $57.28.
Anadarko Petroleum Corporation (NYSE:APC) last issued its quarterly earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by $0.42. The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. The firm’s revenue was up 41.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.60) EPS. Equities research analysts expect that Anadarko Petroleum Corporation will post ($1.91) EPS for the current year.
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In other Anadarko Petroleum Corporation news, Director Anthony R. Chase acquired 1,905 shares of Anadarko Petroleum Corporation stock in a transaction dated Thursday, May 18th. The stock was bought at an average cost of $52.48 per share, with a total value of $99,974.40. Following the acquisition, the director now owns 23,636 shares of the company’s stock, valued at $1,240,417.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter J. Fluor acquired 20,000 shares of Anadarko Petroleum Corporation stock in a transaction dated Wednesday, May 17th. The shares were acquired at an average cost of $51.83 per share, with a total value of $1,036,600.00. Following the completion of the acquisition, the director now directly owns 146,750 shares in the company, valued at approximately $7,606,052.50. The disclosure for this purchase can be found here. Insiders have bought a total of 41,205 shares of company stock valued at $2,136,700 over the last ninety days. 0.45% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in APC. Honkamp Krueger Financial Services Inc. increased its position in shares of Anadarko Petroleum Corporation by 0.4% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 13,586 shares of the oil and gas development company’s stock valued at $842,000 after buying an additional 51 shares in the last quarter. Verde Servicos Internacionais S.A. increased its position in shares of Anadarko Petroleum Corporation by 48.2% in the first quarter. Verde Servicos Internacionais S.A. now owns 41,252 shares of the oil and gas development company’s stock valued at $2,557,000 after buying an additional 13,416 shares in the last quarter. Stillwater Investment Management LLC increased its position in shares of Anadarko Petroleum Corporation by 3.4% in the first quarter. Stillwater Investment Management LLC now owns 15,699 shares of the oil and gas development company’s stock valued at $973,000 after buying an additional 513 shares in the last quarter. National Pension Service increased its position in shares of Anadarko Petroleum Corporation by 8.0% in the first quarter. National Pension Service now owns 447,085 shares of the oil and gas development company’s stock valued at $27,795,000 after buying an additional 33,299 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Anadarko Petroleum Corporation by 1.4% in the first quarter. Quadrant Capital Group LLC now owns 3,375 shares of the oil and gas development company’s stock valued at $198,000 after buying an additional 48 shares in the last quarter. 85.18% of the stock is owned by institutional investors.
About Anadarko Petroleum Corporation
Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.
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