Anadarko Petroleum Corporation (NYSE:APC)‘s stock had its “outperform” rating reiterated by investment analysts at Sanford C. Bernstein in a report issued on Friday, July 7th.

Other equities research analysts have also issued reports about the stock. UBS AG restated a “buy” rating and set a $80.00 target price on shares of Anadarko Petroleum Corporation in a research report on Monday, May 15th. Royal Bank Of Canada set a $78.00 target price on shares of Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research report on Saturday, June 17th. Morgan Stanley lowered shares of Anadarko Petroleum Corporation from an “overweight” rating to an “equal weight” rating and set a $74.00 target price on the stock. in a research report on Wednesday, May 3rd. Jefferies Group LLC reaffirmed a “buy” rating and set a $62.00 price target on shares of Anadarko Petroleum Corporation in a research note on Friday, April 28th. Finally, Bank of America Corporation reaffirmed a “buy” rating on shares of Anadarko Petroleum Corporation in a research note on Thursday, May 11th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $69.81.

Anadarko Petroleum Corporation (NYSE APC) traded down 1.16% during trading on Friday, reaching $44.37. 3,885,660 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $45.16 and a 200 day moving average price of $56.70. The firm’s market capitalization is $24.86 billion. Anadarko Petroleum Corporation has a 52 week low of $42.58 and a 52 week high of $73.33.

Anadarko Petroleum Corporation (NYSE:APC) last issued its earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.35) by $0.42. The company had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Anadarko Petroleum Corporation had a negative return on equity of 9.71% and a negative net margin of 19.31%. Anadarko Petroleum Corporation’s revenue for the quarter was up 41.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.60) earnings per share. Equities research analysts forecast that Anadarko Petroleum Corporation will post ($2.11) earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This report was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another site, it was stolen and republished in violation of US & international trademark & copyright law. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/08/07/sanford-c-bernstein-reiterates-outperform-rating-for-anadarko-petroleum-corporation-apc-updated-updated-updated.html.

In related news, Chairman R A. Walker bought 19,300 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were purchased at an average cost of $51.82 per share, with a total value of $1,000,126.00. Following the completion of the transaction, the chairman now directly owns 176,718 shares of the company’s stock, valued at $9,157,526.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Peter J. Fluor purchased 20,000 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was acquired at an average cost of $51.83 per share, with a total value of $1,036,600.00. Following the purchase, the director now owns 146,750 shares of the company’s stock, 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 in the last quarter. Company insiders own 0.45% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Prudential Financial Inc. boosted its position in shares of Anadarko Petroleum Corporation by 26.3% in the second quarter. Prudential Financial Inc. now owns 2,099,878 shares of the oil and gas development company’s stock valued at $95,208,000 after buying an additional 437,390 shares in the last quarter. GHP Investment Advisors Inc. boosted its position in shares of Anadarko Petroleum Corporation by 7.5% in the second quarter. GHP Investment Advisors Inc. now owns 4,584 shares of the oil and gas development company’s stock valued at $208,000 after buying an additional 320 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Anadarko Petroleum Corporation by 12.3% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 51,075 shares of the oil and gas development company’s stock valued at $2,316,000 after buying an additional 5,605 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Anadarko Petroleum Corporation by 18.5% in the second quarter. American Century Companies Inc. now owns 4,978,874 shares of the oil and gas development company’s stock valued at $225,742,000 after buying an additional 777,630 shares in the last quarter. Finally, Aviva PLC boosted its position in shares of Anadarko Petroleum Corporation by 2.1% in the second quarter. Aviva PLC now owns 350,449 shares of the oil and gas development company’s stock valued at $15,893,000 after buying an additional 7,190 shares in the last quarter. 84.56% of the stock is owned by institutional investors and hedge funds.

Anadarko Petroleum Corporation Company Profile

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.

Analyst Recommendations for Anadarko Petroleum Corporation (NYSE:APC)

Receive News & Stock Ratings for Anadarko Petroleum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anadarko Petroleum Corporation and related stocks with our FREE daily email newsletter.