Investors Sell Shares of Anadarko Petroleum Corp. (APC) on Strength (APC)
Investors sold shares of Anadarko Petroleum Corp. (NYSE:APC) on strength during trading hours on Friday. $21.84 million flowed into the stock on the tick-up and $44.09 million flowed out of the stock on the tick-down, for a money net flow of $22.25 million out of the stock. Of all companies tracked, Anadarko Petroleum Corp. had the 0th highest net out-flow for the day. Anadarko Petroleum Corp. traded up $0.11 for the day and closed at $55.26
A number of analysts have issued reports on the stock. Bank of America Corp. reiterated a “buy” rating on shares of Anadarko Petroleum Corp. in a research note on Tuesday, May 3rd. Simmons reiterated a “buy” rating on shares of Anadarko Petroleum Corp. in a research note on Saturday, May 14th. Deutsche Bank AG reiterated a “hold” rating and issued a $58.00 target price on shares of Anadarko Petroleum Corp. in a research note on Thursday, May 5th. Jefferies Group reiterated a “buy” rating and issued a $57.00 target price on shares of Anadarko Petroleum Corp. in a research note on Thursday, June 2nd. Finally, BMO Capital Markets cut shares of Anadarko Petroleum Corp. from an “outperform” rating to a “market perform” rating and set a $50.00 target price for the company. in a research note on Wednesday, May 4th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-three have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $66.91.
The stock’s market cap is $28.21 billion. The firm’s 50 day moving average price is $54.28 and its 200 day moving average price is $49.59.
Anadarko Petroleum Corp. (NYSE:APC) last released its earnings results on Tuesday, July 26th. The oil and gas development company reported ($0.60) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.80) by $0.20. The business earned $1.92 billion during the quarter, compared to the consensus estimate of $1.89 billion. The business’s revenue was down 27.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.01 EPS. Analysts predict that Anadarko Petroleum Corp. will post ($2.83) earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date is Monday, September 12th.
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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