Anadarko Petroleum (NASDAQ:APC) Rating Lowered to Strong Sell at Zacks Research

Key Points

• Zacks Research downgraded Anadarko Petroleum from Hold to Strong Sell. Despite the downgrade, analyst ratings overall remain Moderate Buy, with a consensus price target of $21.80.
• Anadarko reported quarterly EPS of $0.28, missing the $0.30 consensus estimate, while revenue rose 27.3% year over year to $1.89 billion.
• The stock opened at $14.77, below its 50-day and 200-day moving averages of $16.70 and $23.37, respectively.

Anadarko Petroleum (NASDAQ:APC - Get Free Report) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a note issued to investors on Wednesday, Zacks reports.

Other analysts 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. UBS Group dropped their price objective on shares of Anadarko Petroleum from $22.00 to $21.00 and set a "buy" rating for the company in a research note on Wednesday, August 12th. Finally, Mizuho upgraded Anadarko Petroleum from a "neutral" rating to an "outperform" rating and set a $22.00 price objective for the company in a research report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.80.

Anadarko Petroleum Price Performance

Anadarko Petroleum stock opened at $14.77 on Wednesday. Anadarko Petroleum has a 52 week low of $13.72 and a 52 week high of $21.72. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 1.09. The firm's 50-day simple moving average is $16.70 and its 200 day simple moving average is $23.37. The firm has a market capitalization of $185.66 million and a PE ratio of 15.23.

Anadarko Petroleum (NASDAQ:APC - Get Free Report) last issued its quarterly earnings data 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). 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 quarter last year, the firm posted $0.29 earnings per share. The company's revenue was up 27.3% compared to the same quarter last year. On average, equities research analysts predict that Anadarko Petroleum will post 0.94 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Holdings I. L.P. Blackstone sold 124,600 shares of Anadarko Petroleum 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.50% of the company's stock.

Institutional Inflows and Outflows

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

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.

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