Anadarko Petroleum (NASDAQ:APC) Stock Rating Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of Anadarko Petroleum (NASDAQ:APC) from a hold rating to a strong sell rating in a report issued on Wednesday,Zacks reports.

Other research analysts have also recently issued research reports about the company. UBS Group lowered their target price on Anadarko Petroleum from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Weiss Ratings raised Anadarko Petroleum from a “sell (e)” rating to a “hold (c)” rating in a research note on Tuesday, September 22nd. Finally, Mizuho raised Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $22.00 price target on the stock in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Anadarko Petroleum currently has a consensus rating of “Moderate Buy” and an average target price of $21.80.

Anadarko Petroleum Stock Performance

Shares of APC opened at $14.77 on Wednesday. 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 has a one year low of $13.72 and a one year high of $21.72. The company has a 50-day simple moving average of $16.70 and a two-hundred day simple moving average of $23.37. The firm has a market capitalization of $185.66 million and a PE ratio of 15.23.

Anadarko Petroleum (NASDAQ:APC) last posted its quarterly earnings data on Wednesday, November 4th. The oil and gas development company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.02). Anadarko Petroleum had a net margin of 0.65% and a return on equity of 23.25%. The firm had revenue of $1.89 billion for the quarter. During the same quarter last year, the firm posted $0.29 earnings per share. The business’s quarterly revenue was up 27.3% on a year-over-year basis. On average, analysts anticipate that Anadarko Petroleum will post 0.94 EPS for the current fiscal year.

Insider Transactions at Anadarko Petroleum

In related news, major shareholder Holdings I. L.P. Blackstone sold 124,600 shares of Anadarko Petroleum stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $16.40, for a total transaction of $2,043,440.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Anadarko Petroleum

A number of institutional investors and hedge funds have recently made changes to their positions in APC. Citadel Advisors LLC purchased a new position in shares of Anadarko Petroleum during the second quarter valued at approximately $4,579,000. State Street Corp bought a new stake in shares of Anadarko Petroleum in the 2nd quarter worth approximately $2,536,000. Readystate Asset Management LP bought a new stake in shares of Anadarko Petroleum in the 2nd quarter worth approximately $1,696,000. Finally, Greenland Capital Management LP purchased a new stake in shares of Anadarko Petroleum in the 2nd quarter worth approximately $264,000.

About Anadarko Petroleum

Anadarko Petroleum Corporation was an independent oil and natural gas exploration and production company headquartered in The Woodlands, Texas. Its operations focused on finding, developing and producing crude oil, natural gas and natural gas liquids, with additional activities in gathering, processing and other midstream services.

The company’s principal resource areas included U.S. onshore properties, particularly in the Delaware and DJ basins, as well as assets in the Gulf of Mexico.