Anadarko Petroleum (NYSE:APC) was downgraded by research analysts at Mitsubishi UFJ Financial Group from an “overweight” rating to a “neutral” rating in a research note issued on Friday, The Fly reports.

A number of other brokerages have also recently issued reports on APC. Zacks Investment Research cut shares of Anadarko Petroleum from a “hold” rating to a “sell” rating in a report on Wednesday, December 19th. Citigroup initiated coverage on shares of Anadarko Petroleum in a report on Tuesday, April 9th. They set a “buy” rating on the stock. Capital One Financial cut shares of Anadarko Petroleum from an “overweight” rating to an “equal weight” rating in a report on Thursday, December 20th. SunTrust Banks set a $55.00 target price on shares of Anadarko Petroleum and gave the company a “hold” rating in a report on Tuesday, January 29th. Finally, Guggenheim cut shares of Anadarko Petroleum from a “buy” rating to a “neutral” rating in a report on Friday. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $74.94.

Shares of APC stock opened at $61.78 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.41. Anadarko Petroleum has a 1 year low of $40.40 and a 1 year high of $76.70. The firm has a market cap of $23.38 billion, a price-to-earnings ratio of 27.34, a price-to-earnings-growth ratio of 2.33 and a beta of 1.55.

Anadarko Petroleum (NYSE:APC) last issued its earnings results on Tuesday, February 5th. The oil and gas development company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.19). Anadarko Petroleum had a net margin of 4.60% and a return on equity of 10.14%. The business had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the previous year, the firm earned $0.18 EPS. The company’s revenue was up 14.3% compared to the same quarter last year. As a group, sell-side analysts expect that Anadarko Petroleum will post 1.66 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Claybrook Capital LLC bought a new position in shares of Anadarko Petroleum in the fourth quarter worth $29,000. We Are One Seven LLC bought a new position in Anadarko Petroleum in the fourth quarter valued at $41,000. Legacy Bridge LLC bought a new position in Anadarko Petroleum in the fourth quarter valued at $43,000. Lindbrook Capital LLC bought a new position in Anadarko Petroleum in the fourth quarter valued at $43,000. Finally, Bremer Trust National Association bought a new position in Anadarko Petroleum in the fourth quarter valued at $47,000. 87.05% of the stock is currently owned by hedge funds and other institutional investors.

Anadarko Petroleum Company Profile

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Exploration and Production, WES Midstream, and Other Midstream. The company explores for and produces oil, natural gas, and natural gas liquids (NGLs).

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Analyst Recommendations for Anadarko Petroleum (NYSE:APC)

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