Anadarko Petroleum Corporation (APC) Stock Rating Lowered by BidaskClub

Anadarko Petroleum Corporation (NYSE:APC) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Thursday.

APC has been the subject of several other research reports. Citigroup Inc. decreased their target price on Anadarko Petroleum Corporation from $85.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Stifel Nicolaus reissued a “buy” rating and issued a $81.00 target price (up previously from $77.00) on shares of Anadarko Petroleum Corporation in a research report on Friday, May 12th. Royal Bank Of Canada set a $84.00 target price on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research report on Thursday, April 20th. Jefferies Group LLC set a $62.00 target price on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research report on Tuesday, June 6th. Finally, Barclays PLC lowered Anadarko Petroleum Corporation from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $52.00 to $42.00 in a research report on Wednesday, June 14th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $69.73.

Anadarko Petroleum Corporation (NYSE:APC) opened at 42.17 on Thursday. The company’s market capitalization is $23.63 billion. Anadarko Petroleum Corporation has a 52-week low of $41.22 and a 52-week high of $73.33. The firm has a 50-day moving average price of $44.29 and a 200 day moving average price of $54.51.

Anadarko Petroleum Corporation (NYSE:APC) last announced its earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by $0.42. Anadarko Petroleum Corporation had a negative return on equity of 9.71% and a negative net margin of 19.31%. The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the company posted ($0.60) EPS. The firm’s revenue was up 41.8% on a year-over-year basis. On average, analysts predict that Anadarko Petroleum Corporation will post ($2.12) earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece was first published by BNB Daily and is the sole property of of BNB Daily. If you are reading this piece on another site, it was copied illegally and reposted in violation of international copyright law. The correct version of this piece can be viewed at https://www.baseball-news-blog.com/2017/08/19/anadarko-petroleum-corporation-apc-stock-rating-lowered-by-bidaskclub.html.

A number of institutional investors have recently made changes to their positions in the company. Guardian Life Insurance Co. of America boosted its position in shares of Anadarko Petroleum Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,156 shares of the oil and gas development company’s stock worth $134,000 after buying an additional 15 shares in the last quarter. Klingenstein Fields & Co. LLC boosted its position in shares of Anadarko Petroleum Corporation by 0.8% in the second quarter. Klingenstein Fields & Co. LLC now owns 5,250 shares of the oil and gas development company’s stock worth $238,000 after buying an additional 40 shares in the last quarter. Albert D Mason Inc. boosted its position in shares of Anadarko Petroleum Corporation by 0.5% in the first quarter. Albert D Mason Inc. now owns 13,576 shares of the oil and gas development company’s stock worth $842,000 after buying an additional 65 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Anadarko Petroleum Corporation by 1.1% in the first quarter. IFP Advisors Inc now owns 7,043 shares of the oil and gas development company’s stock worth $437,000 after buying an additional 78 shares in the last quarter. Finally, Optimum Investment Advisors boosted its position in shares of Anadarko Petroleum Corporation by 0.9% in the second quarter. Optimum Investment Advisors now owns 11,541 shares of the oil and gas development company’s stock worth $523,000 after buying an additional 100 shares in the last quarter. 84.40% of the stock is currently owned by institutional investors.

Anadarko Petroleum Corporation Company Profile

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.

Analyst Recommendations for Anadarko Petroleum Corporation (NYSE:APC)

Receive News & Ratings for Anadarko Petroleum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anadarko Petroleum Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply