Anadarko Petroleum Target of Unusually Large Options Trading (APC)
Shares of Anadarko Petroleum (NYSE:APC) saw unusually large options trading on Thursday. Stock investors acquired 32,027 call options on the stock, Stock Ratings Network.com reports. This is an increase of approximately 189% compared to the average daily volume of 11,071 call options.
In other Anadarko Petroleum news, CFO Robert G. Gwin unloaded 44,000 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $107.78, for a total value of $4,742,320.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on APC shares. Analysts at Argus raised their price target on shares of Anadarko Petroleum from $120.00 to $125.00 in a research note on Wednesday, August 6th. They now have a “buy” rating on the stock. Separately, analysts at Wed reiterated a “positive” rating on shares of Anadarko Petroleum in a research note on Monday, August 4th. Finally, analysts at Barclays raised their price target on shares of Anadarko Petroleum from $121.00 to $126.00 in a research note on Friday, August 1st. They now have an “equal weight” rating on the stock. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $119.08.
Shares of Anadarko Petroleum (NYSE:APC) traded down 0.58% on Thursday, hitting $105.89. The stock had a trading volume of 3,892,709 shares. Anadarko Petroleum has a 52-week low of $73.60 and a 52-week high of $113.00. The stock has a 50-day moving average of $108.2 and a 200-day moving average of $96.99. The company’s market cap is $53.576 billion.
Anadarko Petroleum (NYSE:APC) last announced its earnings results on Tuesday, July 29th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.02. The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. The company’s revenue for the quarter was up 26.9% on a year-over-year basis. On average, analysts predict that Anadarko Petroleum will post $5.50 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Monday, September 8th.
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.