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

Anadarko Petroleum (NASDAQ:APC) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other research analysts have also issued research reports about the company. UBS Group reduced their target price on Anadarko Petroleum from $22.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday. Weiss Ratings assumed coverage on shares of Anadarko Petroleum in a research report on Thursday, May 28th. They issued a “sell (e)” rating for the company. Finally, Mizuho boosted their price objective on shares of Anadarko Petroleum from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $21.80.

Anadarko Petroleum Trading Up 2.5%

Shares of APC stock opened at $18.79 on Tuesday. The stock has a market capitalization of $236.19 million and a price-to-earnings ratio of 27.23. The company’s fifty day simple moving average is $19.56 and its two-hundred day simple moving average is $24.83. Anadarko Petroleum has a 1 year low of $17.00 and a 1 year high of $21.72. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.18 and a quick ratio of 1.03.

Anadarko Petroleum (NASDAQ:APC) last posted its quarterly earnings results on Thursday, August 6th. The oil and gas development company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.10). The firm had revenue of $1.84 billion during the quarter. Anadarko Petroleum’s quarterly revenue was up 27.4% compared to the same quarter last year. As a group, analysts anticipate that Anadarko Petroleum will post 0.95 earnings per share for the current 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.