UBS Group Has Lowered Expectations for Anadarko Petroleum (NASDAQ:APC) Stock Price

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

APC has been the subject of several other research reports. Weiss Ratings raised shares of Anadarko Petroleum from a “sell (e)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. Zacks Research lowered shares of Anadarko Petroleum from a “hold” rating to a “strong sell” rating in a report on Wednesday. Finally, Mizuho raised shares of Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $22.00 price target for the company in a research report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.40.

Anadarko Petroleum Stock Up 7.5%

APC opened at $14.77 on Thursday. The firm has a 50 day moving average price of $16.70 and a 200 day moving average price of $23.37. The company has a market cap of $185.66 million and a PE ratio of 15.23. Anadarko Petroleum has a 1 year low of $13.72 and a 1 year high of $21.72. 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 (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). The business had revenue of $1.89 billion during the quarter. Anadarko Petroleum had a net margin of 0.65% and a return on equity of 23.25%. The business’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 EPS. Sell-side analysts expect that Anadarko Petroleum will post 0.94 earnings per share for the current year.

Insider Buying and Selling at Anadarko Petroleum

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

Hedge Funds Weigh In On Anadarko Petroleum

Several large investors have recently modified their holdings of the stock. Greenland Capital Management LP bought a new stake in Anadarko Petroleum in the second quarter valued at about $264,000. Readystate Asset Management LP bought a new position in Anadarko Petroleum during the 2nd quarter worth approximately $1,696,000. State Street Corp bought a new position in Anadarko Petroleum during the 2nd quarter worth approximately $2,536,000. Finally, Citadel Advisors LLC bought a new position in Anadarko Petroleum during the 2nd quarter worth approximately $4,579,000.

About Anadarko Petroleum

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.