Anadarko Petroleum Corp. Sees Unusually High Options Volume (APC)
Anadarko Petroleum Corp. (NYSE:APC) was the target of some unusual options trading on Wednesday. Stock investors acquired 12,103 put options on the company, American Banking News.com reports. This represents an increase of approximately 219% compared to the average volume of 3,799 put options.
APC has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of Anadarko Petroleum Corp. from $95.00 to $97.00 in a research note to investors on Wednesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Anadarko Petroleum Corp. in a research note to investors on Tuesday. They now have a $82.00 price target on the stock. Finally, analysts at Cowen and Company initiated coverage on shares of Anadarko Petroleum Corp. in a research note to investors on Monday, January 27th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $101.59.
Shares of Anadarko Petroleum Corp. (NYSE:APC) traded down 1.12% on Wednesday, hitting $79.13. The stock had a trading volume of 5,279,725 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 $79.90 and its 200-day moving average is $88.77. The company has a market cap of $39.823 billion and a price-to-earnings ratio of 22.83.
Anadarko Petroleum Corp. (NYSE:APC) last announced its earnings results on Tuesday, February 4th. The company reported $0.74 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.91 by $0.17. The company had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. The company’s quarterly revenue was down 2.1% on a year-over-year basis. On average, analysts predict that Anadarko Petroleum Corp. will post $5.09 earnings per share for the current fiscal year.
Anadarko Petroleum Corporation (NYSE:APC) is an independent exploration and production company.
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