Traders Sell Anadarko Petroleum Corp. (APC) on Strength (APC)
Traders 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 stocks 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
Several brokerages have commented on APC. Jefferies Group reissued a “buy” rating on shares of Anadarko Petroleum Corp. in a report on Thursday, August 11th. Zacks Investment Research lowered Anadarko Petroleum Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Barclays PLC raised their price objective on Anadarko Petroleum Corp. from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, July 29th. Credit Agricole SA reissued an “underperform” rating and issued a $68.00 price objective on shares of Anadarko Petroleum Corp. in a report on Thursday, July 28th. Finally, Goldman Sachs Group Inc. reissued a “buy” rating and issued a $68.00 price objective (up from $67.00) on shares of Anadarko Petroleum Corp. in a report on Thursday, July 28th. Two 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 stock. Anadarko Petroleum Corp. currently has an average rating of “Buy” and a consensus price target of $66.91.
The stock’s market capitalization is $28.21 billion. The firm’s 50 day moving average is $54.28 and its 200-day moving average is $49.59.
Anadarko Petroleum Corp. (NYSE:APC) last announced its quarterly earnings results on Tuesday, July 26th. The oil and gas development company reported ($0.60) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.80) by $0.20. The company earned $1.92 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the company posted $0.01 earnings per share. The firm’s revenue for the quarter was down 27.4% on a year-over-year basis. On average, analysts anticipate that Anadarko Petroleum Corp. will post ($2.83) earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 28th. Investors of record on Wednesday, September 14th will be issued a $0.05 dividend. The ex-dividend date is Monday, September 12th. This represents a $0.20 annualized dividend and a yield of 0.36%.
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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