Anadarko Petroleum (NASDAQ:APC) Raised to “Hold” at Zacks Research

Anadarko Petroleum (NASDAQ:APC) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday, Zacks reports.

APC has been the topic of a number of other reports. UBS Group lowered their price target on shares of Anadarko Petroleum from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Weiss Ratings upgraded shares of Anadarko Petroleum from a “sell (e)” rating to a “hold (c)” rating in a research note on Tuesday, September 22nd. Finally, Mizuho raised shares of Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $22.00 price target for the company in a report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.80.

Anadarko Petroleum Stock Performance

NASDAQ:APC opened at $16.24 on Tuesday. The business’s fifty day moving average is $18.24 and its 200 day moving average is $18.89. The firm has a market cap of $204.14 million and a price-to-earnings ratio of 23.54. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.03 and a current ratio of 1.18. Anadarko Petroleum has a 52-week low of $14.50 and a 52-week high of $21.72.

Anadarko Petroleum (NASDAQ:APC) last issued its earnings results on Thursday, August 6th. The oil and gas development company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.10). The business had revenue of $1.84 billion during the quarter. The firm’s quarterly revenue was up 27.4% on a year-over-year basis. Research analysts predict that Anadarko Petroleum will post 0.95 EPS for the current year.

Insider Transactions at Anadarko Petroleum

In related news, major shareholder Holdings I. L.P. Blackstone sold 124,600 shares of the business’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $16.40, for a total transaction of $2,043,440.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Anadarko Petroleum

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

About Anadarko Petroleum

Anadarko Petroleum Corporation was an independent oil and natural gas exploration and production company headquartered in The Woodlands, Texas. The company explored for, developed and produced crude oil, natural gas and natural gas liquids, with operations focused primarily on onshore and offshore properties.

Anadarko’s U.S. activities included the Delaware and DJ basins, the Gulf of Mexico and other domestic producing regions. Internationally, the company held exploration and production interests in areas including Algeria, Ghana, Mozambique and South Africa.