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

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

APC has been the subject of several other reports. UBS Group decreased their target price 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. Weiss Ratings raised shares of Anadarko Petroleum from a “sell (e)” rating to a “hold (c)” rating in a report on Tuesday, September 22nd. Finally, Mizuho upgraded shares of Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $22.00 price target on the stock in a research report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.80.

Anadarko Petroleum Trading Up 7.5%

Shares of NASDAQ:APC opened at $14.77 on Wednesday. Anadarko Petroleum has a 12-month low of $13.72 and a 12-month high of $21.72. The company has a market capitalization of $185.66 million and a PE ratio of 15.23. The business has a 50 day moving average of $16.70 and a two-hundred day moving average of $23.37. 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 (NASDAQ:APC) last released its quarterly earnings data 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). The company had revenue of $1.89 billion during 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 previous year, the company posted $0.29 EPS. As a group, analysts forecast that Anadarko Petroleum will post 0.94 EPS for the current year.

Insiders Place Their Bets

In other Anadarko Petroleum news, major shareholder Holdings I. L.P. Blackstone sold 124,600 shares of the 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.50% of the company’s stock.

Institutional Trading of Anadarko Petroleum

A number of institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp acquired a new position in shares of Anadarko Petroleum during the 2nd quarter worth approximately $2,536,000. Citadel Advisors LLC purchased a new position in shares of Anadarko Petroleum during the 2nd quarter valued at approximately $4,579,000. Greenland Capital Management LP acquired a new stake in Anadarko Petroleum in the 2nd quarter valued at $264,000. Finally, Readystate Asset Management LP acquired a new stake in Anadarko Petroleum in the 2nd quarter valued at $1,696,000.

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.