Traders Buy Shares of Anadarko Petroleum Corp. (APC) on Weakness
Investors bought shares of Anadarko Petroleum Corp. (NYSE:APC) on weakness during trading on Friday. $47.55 million flowed into the stock on the tick-up and $27.81 million flowed out of the stock on the tick-down, for a money net flow of $19.74 million into the stock. Of all stocks tracked, Anadarko Petroleum Corp. had the 20th highest net in-flow for the day. Anadarko Petroleum Corp. traded down ($1.11) for the day and closed at $54.83
APC has been the topic of a number of research analyst reports. BMO Capital Markets reiterated a “buy” rating on shares of Anadarko Petroleum Corp. in a research note on Monday, May 2nd. Bank of America Corp. reiterated a “buy” rating on shares of Anadarko Petroleum Corp. in a research note on Tuesday, May 3rd. Morgan Stanley reiterated a “buy” rating on shares of Anadarko Petroleum Corp. in a research note on Tuesday, May 3rd. Citigroup Inc. reiterated a “buy” rating and issued a $65.00 target price on shares of Anadarko Petroleum Corp. in a research note on Tuesday, May 3rd. Finally, Jefferies Group reiterated 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, ten have given a hold rating and twenty-three have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $66.91.
The stock’s 50-day moving average price is $54.23 and its 200 day moving average price is $49.08. The firm’s market capitalization is $27.99 billion.
Anadarko Petroleum Corp. (NYSE:APC) last released its quarterly earnings data on Tuesday, July 26th. The oil and gas development company reported ($0.60) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.80) by $0.20. The business earned $1.92 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period last year, the company earned $0.01 earnings per share. The firm’s revenue was down 27.4% compared to the same quarter last year. Equities analysts anticipate that Anadarko Petroleum Corp. will post ($2.83) earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 28th. Investors of record on Wednesday, September 14th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend is Monday, September 12th.
An institutional investor recently bought a new position in Anadarko Petroleum Corp. stock. Marshall Wace LLP acquired a new stake in shares of Anadarko Petroleum Corp. (NYSE:APC) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 45,863 shares of the oil and gas development company’s stock, valued at approximately $2,228,000.
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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