Stock Traders Buy Large Volume of Put Options on Anadarko Petroleum Corp. (APC)
Shares of Anadarko Petroleum Corp. (NYSE:APC) was the recipient of some unusual options trading activity on Monday. Investors acquired 10,777 put options on the company, AnalystRatings.Net reports. This is an increase of 166% compared to the typical daily volume of 4,044 put options.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Anadarko Petroleum Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, October 25th. They now have a $113.00 price target on the stock. Separately, analysts at Global Hunter Securities raised their price target on shares of Anadarko Petroleum Corp. from $130.00 to $137.00 in a research note to investors on Wednesday, October 23rd. They now have a “buy” rating on the stock. Finally, analysts at Barclays reiterated a “buy” rating on shares of Anadarko Petroleum Corp. in a research note to investors on Thursday, October 17th. They now have a $122.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $108.80.
Anadarko Petroleum Corp. (NYSE:APC) traded up 1.63% during mid-day trading on Monday, hitting $95.93. 3,348,743 shares of the company’s stock traded hands. Anadarko Petroleum Corp. has a one year low of $69.14 and a one year high of $98.47. The stock’s 50-day moving average is $94.74 and its 200-day moving average is $89.88. The company has a market cap of $48.224 billion and a P/E ratio of 27.85.
Anadarko Petroleum Corp. (NYSE:APC) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by $0.02. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.84 billion. During the same quarter in the prior year, the company posted $0.84 earnings per share. The company’s quarterly revenue was up 15.6% on a year-over-year basis. Analysts expect that Anadarko Petroleum Corp. will post $4.53 EPS for the current fiscal year.
Anadarko Petroleum Corporation (NYSE:APC) is an independent exploration and production company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.