Anadarko Petroleum Corporation (APC) Rating Increased to Sell at BidaskClub

BidaskClub upgraded shares of Anadarko Petroleum Corporation (NYSE:APC) from a strong sell rating to a sell rating in a research report released on Friday.

APC has been the topic of several other reports. Citigroup Inc. decreased their price target on shares of Anadarko Petroleum Corporation from $85.00 to $60.00 and set a buy rating on the stock in a research note on Friday, July 21st. Stifel Nicolaus restated a buy rating and issued a $81.00 price target (up from $77.00) on shares of Anadarko Petroleum Corporation in a research note on Friday, May 12th. Royal Bank Of Canada set a $84.00 price target on shares of Anadarko Petroleum Corporation and gave the company a buy rating in a research note on Thursday, April 20th. Jefferies Group LLC set a $62.00 price target on shares of Anadarko Petroleum Corporation and gave the company a buy rating in a research note on Tuesday, June 6th. Finally, Barclays PLC downgraded shares of Anadarko Petroleum Corporation from an equal weight rating to an underweight rating and decreased their price target for the company from $52.00 to $42.00 in a research note on Wednesday, June 14th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $69.81.

Anadarko Petroleum Corporation (NYSE APC) opened at 44.89 on Friday. The stock’s 50 day moving average is $45.16 and its 200-day moving average is $56.70. The company’s market capitalization is $25.15 billion. Anadarko Petroleum Corporation has a 12-month low of $42.58 and a 12-month high of $73.33.

Anadarko Petroleum Corporation (NYSE:APC) last released 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. Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the company posted ($0.60) earnings per share. The company’s revenue was up 41.8% on a year-over-year basis. On average, equities analysts predict that Anadarko Petroleum Corporation will post ($2.11) earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Tuesday, September 12th. Anadarko Petroleum Corporation’s dividend payout ratio (DPR) is -5.14%.

In related 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 price of $52.48 per share, with a total value of $99,974.40. Following the transaction, the director now directly owns 23,636 shares in the company, valued at approximately $1,240,417.28. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Peter J. Fluor acquired 20,000 shares of Anadarko Petroleum Corporation stock in a transaction dated Wednesday, May 17th. The shares were bought at an average cost of $51.83 per share, with a total value of $1,036,600.00. Following the transaction, the director now owns 146,750 shares in the company, valued at $7,606,052.50. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 41,205 shares of company stock valued at $2,136,700. Insiders own 0.45% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Anadarko Petroleum Corporation by 3,052.0% in the first quarter. BlackRock Inc. now owns 42,300,274 shares of the oil and gas development company’s stock valued at $2,622,619,000 after buying an additional 40,958,268 shares during the last quarter. Vanguard Group Inc. increased its stake in Anadarko Petroleum Corporation by 3.3% in the first quarter. Vanguard Group Inc. now owns 38,870,940 shares of the oil and gas development company’s stock valued at $2,409,998,000 after buying an additional 1,227,182 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Anadarko Petroleum Corporation by 47.4% in the first quarter. JPMorgan Chase & Co. now owns 12,999,493 shares of the oil and gas development company’s stock valued at $805,967,000 after buying an additional 4,182,975 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Anadarko Petroleum Corporation by 1.8% in the first quarter. Bank of New York Mellon Corp now owns 7,210,248 shares of the oil and gas development company’s stock valued at $447,035,000 after buying an additional 128,487 shares during the last quarter. Finally, Harris Associates L P increased its stake in Anadarko Petroleum Corporation by 1.2% in the first quarter. Harris Associates L P now owns 6,592,778 shares of the oil and gas development company’s stock valued at $408,752,000 after buying an additional 78,783 shares during the last quarter. 84.56% of the stock is owned by institutional investors and hedge funds.

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.