Anadarko Petroleum Corp. Sees Unusually High Options Volume (APC)
Anadarko Petroleum Corp. (NYSE:APC) saw unusually large options trading on Tuesday. Investors purchased 20,877 call options on the company, AR Network reports. This represents an increase of approximately 156% compared to the average daily volume of 8,158 call options.
A number of research firms have recently commented on APC. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Anadarko Petroleum Corp. in a research note to investors on Tuesday, January 14th. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $103.32.
Shares of Anadarko Petroleum Corp. (NYSE:APC) opened at 81.19 on Wednesday. Anadarko Petroleum Corp. has a 1-year low of $73.60 and a 1-year high of $98.47. The stock has a 50-day moving average of $81.05 and a 200-day moving average of $89.4. The company has a market cap of $40.860 billion and a price-to-earnings ratio of 22.84.
Anadarko Petroleum Corp. (NYSE:APC) last released its earnings data on Tuesday, November 5th. The company reported $1.13 EPS for the quarter, missing the Thomson Reuters 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 previous year, the company posted $0.84 earnings per share. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. On average, analysts predict that Anadarko Petroleum Corp. will post $4.22 earnings per share for the current fiscal year.
Anadarko Petroleum Corporation (NYSE:APC) is an independent exploration and production company.
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