Anadarko Petroleum (NASDAQ:APC) Given New $19.00 Price Target at UBS Group

Anadarko Petroleum (NASDAQ:APC) had its price target reduced by UBS Group from $21.00 to $19.00 in a research note published on Thursday,Benzinga reports. They currently have a buy rating on the oil and gas development company’s stock.

APC has been the subject of several other research reports. Zacks Research cut Anadarko Petroleum from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Mizuho raised Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $22.00 price target on the stock in a research note on Friday, October 2nd. Finally, Weiss Ratings upgraded Anadarko Petroleum from a “sell (e)” rating to a “hold (c)” rating in a report on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.40.

Anadarko Petroleum Trading Up 7.5%

APC opened at $14.77 on Thursday. Anadarko Petroleum has a twelve month low of $13.72 and a twelve month high of $21.72. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 1.09. The company has a fifty day moving average of $16.70 and a 200-day moving average of $23.37. The stock has a market cap of $185.66 million and a PE ratio of 15.23.

Anadarko Petroleum (NASDAQ:APC) last released its earnings results on Wednesday, November 4th. The oil and gas development company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). Anadarko Petroleum had a net margin of 0.65% and a return on equity of 23.25%. The firm had revenue of $1.89 billion during the quarter. During the same quarter last year, the firm posted $0.29 EPS. The firm’s revenue for the quarter was up 27.3% compared to the same quarter last year. On average, sell-side analysts predict that Anadarko Petroleum will post 0.94 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Holdings I. L.P. Blackstone sold 124,600 shares of the stock in a transaction on Friday, September 25th. The stock was sold at an average price of $16.40, for a total value of $2,043,440.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Anadarko Petroleum

Institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp bought a new position in shares of Anadarko Petroleum during the second quarter valued at about $2,536,000. Citadel Advisors LLC purchased a new stake in Anadarko Petroleum in the 2nd quarter valued at about $4,579,000. Greenland Capital Management LP purchased a new stake in Anadarko Petroleum in the 2nd quarter valued at about $264,000. Finally, Readystate Asset Management LP bought a new position in shares of Anadarko Petroleum during the 2nd quarter worth approximately $1,696,000.

About Anadarko Petroleum

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.