Anadarko Petroleum (NASDAQ:APC) Price Target Cut to $19.00 by Analysts at UBS Group

Anadarko Petroleum (NASDAQ:APC) had its target price lowered by stock analysts at UBS Group from $21.00 to $19.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the oil and gas development company’s stock. UBS Group‘s price target indicates a potential upside of 28.64% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings raised shares of Anadarko Petroleum from a “sell (e)” rating to a “hold (c)” rating in a report on Tuesday, September 22nd. Mizuho raised Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $22.00 target price for the company in a report on Friday, October 2nd. Finally, Zacks Research cut Anadarko Petroleum from a “hold” rating to a “strong sell” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Anadarko Petroleum has an average rating of “Moderate Buy” and an average price target of $21.40.

Anadarko Petroleum Trading Up 7.5%

Anadarko Petroleum stock opened at $14.77 on Thursday. The firm’s 50-day moving average is $16.70 and its 200-day moving average is $23.37. 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 1 year low of $13.72 and a 1 year high of $21.72. The company has a market cap of $185.66 million and a P/E ratio of 15.23.

Anadarko Petroleum (NASDAQ:APC) last posted its quarterly earnings results on Wednesday, November 4th. The oil and gas development company reported $0.28 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 business had revenue of $1.89 billion during the quarter. During the same period in the previous year, the business earned $0.29 earnings per share. The business’s revenue for the quarter was up 27.3% on a year-over-year basis. On average, equities analysts expect that Anadarko Petroleum will post 0.94 earnings per share for the current year.

Insider Activity at Anadarko Petroleum

In other news, major shareholder Holdings I. L.P. Blackstone sold 124,600 shares of the company’s stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $16.40, for a total transaction of $2,043,440.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.50% of the company’s stock.

Institutional Trading of Anadarko Petroleum

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

Anadarko Petroleum Company Profile

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.