Anadarko Petroleum Co. (NASDAQ:APC) Short Interest Up 145.5% in June

Anadarko Petroleum Co. (NASDAQ:APC) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 787,740 shares, a growth of 145.5% from the June 15th total of 320,915 shares. Approximately 6.3% of the company’s stock are short sold. Based on an average daily volume of 358,318 shares, the days-to-cover ratio is currently 2.2 days.

Analyst Upgrades and Downgrades

Several research firms have issued reports on APC. Weiss Ratings began coverage on Anadarko Petroleum in a research note on Thursday, May 28th. They issued a “sell (e)” rating on the stock. Zacks Research cut shares of Anadarko Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.60.

Anadarko Petroleum Stock Performance

APC opened at $19.88 on Wednesday. The firm’s 50-day moving average price is $19.56 and its 200-day moving average price is $32.61. The company has a market cap of $249.89 million, a P/E ratio of 46.23, a price-to-earnings-growth ratio of 5.64 and a beta of 1.64. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.95. Anadarko Petroleum has a 52-week low of $17.00 and a 52-week high of $21.72.

Anadarko Petroleum (NASDAQ:APC) last issued its quarterly earnings results on Friday, May 15th. The oil and gas development company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. Anadarko Petroleum had a negative net margin of 4.20% and a positive return on equity of 10.49%. The business’s revenue for the quarter was down .2% on a year-over-year basis. As a group, equities analysts anticipate that Anadarko Petroleum will post 1.97 EPS for the current fiscal year.

About Anadarko Petroleum

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). It is also involved in gathering, processing, treating, and transporting oil, natural-gas, and NGLs production, as well as the gathering and disposal of produced water. The company's oil and natural gas properties are located in the United States onshore and deepwater Gulf of Mexico; and Algeria, Ghana, Mozambique, Colombia, Peru, and other countries.