Anadarko Petroleum Corp. (NYSE:APC) dropped 4.8% on Monday . The stock traded as low as $51.91 and last traded at $51.92, with a volume of 2,391,384 shares. The stock had previously closed at $54.53.

APC has been the subject of several recent analyst reports. Stifel Nicolaus cut shares of Anadarko Petroleum Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, April 6th. JPMorgan Chase & Co. upgraded shares of Anadarko Petroleum Corp. from a “neutral” rating to an “overweight” rating and set a $55.00 price objective for the company in a research report on Friday, April 15th. Vetr lowered shares of Anadarko Petroleum Corp. from a “strong-buy” rating to a “buy” rating and set a $57.38 target price on the stock. in a research note on Monday, April 25th. Goldman Sachs Group Inc. reissued a “buy” rating and set a $60.00 target price (up from $58.00) on shares of Anadarko Petroleum Corp. in a research note on Tuesday, May 3rd. Finally, Jefferies Group reissued a “buy” rating on shares of Anadarko Petroleum Corp. in a research note on Tuesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $68.32.

The firm has a 50 day moving average price of $54.22 and a 200 day moving average price of $47.46. The firm’s market capitalization is $26.47 billion.

Anadarko Petroleum Corp. (NYSE:APC) last released its quarterly earnings results on Tuesday, July 26th. The oil and gas development company reported ($0.60) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.80) by $0.20. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Anadarko Petroleum Corp.’s revenue for the quarter was down 27.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.01 EPS. Equities research analysts predict that Anadarko Petroleum Corp. will post ($2.96) earnings per share for the current year.

Other large investors have added to or reduced their stakes in the company. Schroder Investment Management Group acquired a new stake in Anadarko Petroleum Corp. during the fourth quarter valued at approximately $51,169,000. BlackRock Advisors LLC raised its stake in Anadarko Petroleum Corp. by 15.0% in the fourth quarter. BlackRock Advisors LLC now owns 6,048,490 shares of the oil and gas development company’s stock valued at $293,836,000 after buying an additional 789,537 shares during the last quarter. Levin Capital Strategies L.P. raised its stake in Anadarko Petroleum Corp. by 20.8% in the fourth quarter. Levin Capital Strategies L.P. now owns 1,296,976 shares of the oil and gas development company’s stock valued at $63,007,000 after buying an additional 223,456 shares during the last quarter. Airain ltd raised its stake in Anadarko Petroleum Corp. by 160.3% in the fourth quarter. Airain ltd now owns 302,980 shares of the oil and gas development company’s stock valued at $14,719,000 after buying an additional 186,566 shares during the last quarter. Finally, First Washington CORP acquired a new stake in Anadarko Petroleum Corp. during the fourth quarter valued at approximately $2,946,000.

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company’s segments include Oil and Gas Exploration & Production; Midstream, and Marketing. The Oil and Gas Exploration & Production segment explores for and produces oil, condensate, natural gas and natural gas liquids (NGLs), and focuses on the development and operation of the Company’s liquefied natural gas (LNG) project in Mozambique.

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