Anadarko Petroleum (NASDAQ:APC) Stock Rating Upgraded by Mizuho

Key Points

• Mizuho upgraded Anadarko Petroleum from “neutral” to “outperform” and set a $22 price target, implying 46.37% upside from the prior close.
• Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and an average price target of $21.80, despite one recent downgrade to “strong sell.”
• Anadarko reported quarterly revenue of $1.84 billion, up 27.4% year over year, but earnings per share of $0.26 fell short of the $0.36 consensus estimate.

Anadarko Petroleum (NASDAQ:APC - Get Free Report) was upgraded by equities research analysts at Mizuho from a "neutral" rating to an "outperform" rating in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a $22.00 price target on the oil and gas development company's stock. Mizuho's price target would indicate a potential upside of 46.37% from the stock's previous close.

A number of other analysts have also recently weighed in on the company. UBS Group lowered their price target on Anadarko Petroleum from $22.00 to $21.00 and set a "buy" rating on the stock in a research report on Wednesday, August 12th. Zacks Research cut Anadarko Petroleum from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings upgraded Anadarko Petroleum from a "sell (e)" rating to a "hold (c)" rating in a research report on Tuesday, September 22nd. 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $21.80.

Anadarko Petroleum Stock Performance

APC opened at $15.03 on Friday. The stock has a market cap of $188.93 million and a PE ratio of 21.78. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. Anadarko Petroleum has a 1 year low of $14.50 and a 1 year high of $21.72. The stock's 50 day simple moving average is $18.61 and its 200-day simple moving average is $18.96.

Anadarko Petroleum (NASDAQ:APC - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The oil and gas development company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.10). The business had revenue of $1.84 billion during the quarter. Anadarko Petroleum's quarterly revenue was up 27.4% on a year-over-year basis. Sell-side analysts forecast that Anadarko Petroleum will post 0.95 EPS for the current year.

Insiders Place Their Bets

In other 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 transaction of $2,043,440.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.50% of the stock is owned by company insiders.

Institutional Trading of Anadarko Petroleum

Several large investors have recently made changes to their positions in APC. Citadel Advisors LLC bought a new stake in shares of Anadarko Petroleum during the second quarter worth $4,579,000. State Street Corp bought a new stake in shares of Anadarko Petroleum during the second quarter worth $2,536,000. Readystate Asset Management LP bought a new stake in shares of Anadarko Petroleum during the second quarter worth $1,696,000. Finally, Greenland Capital Management LP bought 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. The company focused on finding, developing and producing crude oil, natural gas and natural gas liquids, with operations spanning onshore and offshore assets.

Anadarko's U.S. activities included significant positions in the Delaware and DJ basins, the Gulf of Mexico and other domestic producing regions. Internationally, the company participated in exploration and development projects in countries including Algeria, Ghana, Mozambique and Peru.