Anadarko Petroleum (NASDAQ:APC) Stock Dropped to Strong Sell by Zacks Research

Anadarko Petroleum (NASDAQ:APC) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday, Zacks reports.

APC has been the subject of several other reports. Mizuho raised shares of Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $22.00 price objective for the company in a report on Friday, October 2nd. 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, UBS Group reduced their price target on shares of Anadarko Petroleum from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Anadarko Petroleum currently has a consensus rating of “Moderate Buy” and an average target price of $21.80.

Anadarko Petroleum Price Performance

Anadarko Petroleum stock opened at $14.77 on Wednesday. The firm has a fifty day moving average of $16.70 and a 200-day moving average of $23.37. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 1.09. Anadarko Petroleum has a 52-week low of $13.72 and a 52-week high of $21.72. The firm has a market capitalization of $185.66 million and a P/E ratio of 15.23.

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

Insider Buying and Selling at Anadarko Petroleum

In related news, major shareholder Holdings I. L.P. Blackstone sold 124,600 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The stock was 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 SEC, which can be accessed through this link. Company insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Anadarko Petroleum

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