Anadarko Petroleum Corp. Target of Unusually High Options Trading (APC)
Anadarko Petroleum Corp. (NYSE:APC) was the recipient of unusually large options trading on Friday. Stock traders bought 25,861 call options on the stock, Stock Ratings Network reports. This is an increase of 177% compared to the average daily volume of 9,352 call options.
A number of analysts have recently weighed in on APC shares. Analysts at TheStreet downgraded shares of Anadarko Petroleum Corp. from a “buy” rating to a “hold” rating in a research note to investors on Friday, December 27th. Separately, analysts at UBS AG cut their price target on shares of Anadarko Petroleum Corp. from $110.00 to $95.00 in a research note to investors on Thursday, December 19th. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital cut their price target on shares of Anadarko Petroleum Corp. from $116.00 to $105.00 in a research note to investors on Monday, December 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Anadarko Petroleum Corp. currently has an average rating of “Buy” and an average price target of $103.61.
Shares of Anadarko Petroleum Corp. (NYSE:APC) traded up 0.95% during mid-day trading on Friday, hitting $79.83. The stock had a trading volume of 3,833,706 shares. Anadarko Petroleum Corp. has a one year low of $73.60 and a one year high of $98.47. The stock’s 50-day moving average is $83.11 and its 200-day moving average is $89.63. The company has a market cap of $40.176 billion and a price-to-earnings ratio of 22.56.
Anadarko Petroleum Corp. (NYSE:APC) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $1.13 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.84 earnings per share. Anadarko Petroleum Corp.’s revenue was up 15.6% compared to the same quarter last year. On average, analysts predict that Anadarko Petroleum Corp. will post $4.23 earnings per share for the current fiscal year.
Anadarko Petroleum Corporation (NYSE:APC) is an independent exploration and production company.
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