Anadarko Petroleum Co. (NASDAQ:APC) Short Interest Update

Anadarko Petroleum Co. (NASDAQ:APC) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 787,740 shares, a growth of 145.5% from the June 15th total of 320,915 shares. Approximately 6.3% of the shares of the stock are sold short. Based on an average trading volume of 358,318 shares, the days-to-cover ratio is currently 2.2 days.

Analysts Set New Price Targets

A number of brokerages recently commented on APC. Zacks Research downgraded Anadarko Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Weiss Ratings started coverage on shares of Anadarko Petroleum in a research report on Thursday, May 28th. They set a “sell (e)” rating for the company. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Anadarko Petroleum has an average rating of “Moderate Buy” and an average price target of $21.60.

Anadarko Petroleum Price Performance

Shares of APC opened at $19.67 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.95. The firm’s fifty day simple moving average is $19.57 and its 200-day simple moving average is $32.24. The firm has a market capitalization of $247.25 million, a price-to-earnings ratio of 45.74, a PEG ratio of 5.64 and a beta of 1.64. Anadarko Petroleum has a twelve month low of $17.00 and a twelve month high of $21.72.

Anadarko Petroleum (NASDAQ:APC) last released its quarterly earnings data on Friday, May 15th. The oil and gas development company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. Anadarko Petroleum had a positive return on equity of 10.49% and a negative net margin of 4.20%.The company’s revenue for the quarter was down .2% compared to the same quarter last year. Equities analysts forecast that Anadarko Petroleum will post 1.97 EPS for the current fiscal year.

About Anadarko Petroleum

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Exploration and Production, WES Midstream, and Other Midstream. The company explores for and produces oil, natural gas, and natural gas liquids (NGLs). It is also involved in gathering, processing, treating, and transporting oil, natural-gas, and NGLs production, as well as the gathering and disposal of produced water. The company's oil and natural gas properties are located in the United States onshore and deepwater Gulf of Mexico; and Algeria, Ghana, Mozambique, Colombia, Peru, and other countries.