Anadarko Petroleum Corporation (NYSE:APC) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Friday.

A number of other research analysts also recently commented on APC. Zacks Investment Research downgraded Anadarko Petroleum Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Susquehanna Bancshares Inc assumed coverage on Anadarko Petroleum Corporation in a research report on Thursday, June 29th. They issued a “positive” rating and a $60.00 target price for the company. Citigroup Inc. decreased their target price on Anadarko Petroleum Corporation from $85.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Stifel Nicolaus reissued a “buy” rating and issued a $79.00 target price on shares of Anadarko Petroleum Corporation in a research report on Friday, May 26th. Finally, Cowen and Company set a $60.00 price objective on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Four analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $69.81.

Anadarko Petroleum Corporation (NYSE:APC) traded up 2.56% during mid-day trading on Friday, reaching $44.89. The company’s stock had a trading volume of 4,610,471 shares. Anadarko Petroleum Corporation has a 12-month low of $42.58 and a 12-month high of $73.33. The firm’s 50 day moving average price is $45.16 and its 200 day moving average price is $56.70. The stock’s market cap is $25.15 billion.

Anadarko Petroleum Corporation (NYSE:APC) last posted its quarterly earnings data on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by $0.42. The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. Anadarko Petroleum Corporation’s quarterly revenue was up 41.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.60) EPS. On average, equities analysts predict that Anadarko Petroleum Corporation will post ($2.11) earnings per share for the current year.

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In other Anadarko Petroleum Corporation news, Director Anthony R. Chase acquired 1,905 shares of Anadarko Petroleum Corporation stock in a transaction on Thursday, May 18th. The shares were purchased at an average cost of $52.48 per share, with a total value of $99,974.40. Following the completion of the purchase, the director now owns 23,636 shares in the company, valued at $1,240,417.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Peter J. Fluor acquired 20,000 shares of Anadarko Petroleum Corporation stock in a transaction on Wednesday, May 17th. The stock was acquired at an average cost of $51.83 per share, for a total transaction of $1,036,600.00. Following the completion of the purchase, the director now owns 146,750 shares of the company’s stock, valued at approximately $7,606,052.50. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 41,205 shares of company stock valued at $2,136,700. Company insiders own 0.45% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Atria Investments LLC boosted its position in shares of Anadarko Petroleum Corporation by 13.6% in the first quarter. Atria Investments LLC now owns 7,918 shares of the oil and gas development company’s stock worth $491,000 after buying an additional 946 shares during the last quarter. North American Management Corp boosted its position in shares of Anadarko Petroleum Corporation by 2.4% in the first quarter. North American Management Corp now owns 10,070 shares of the oil and gas development company’s stock worth $624,000 after buying an additional 235 shares during the last quarter. Salem Capital Management Inc. boosted its position in shares of Anadarko Petroleum Corporation by 1.5% in the first quarter. Salem Capital Management Inc. now owns 28,975 shares of the oil and gas development company’s stock worth $1,796,000 after buying an additional 425 shares during the last quarter. Honkamp Krueger Financial Services Inc. boosted its position in shares of Anadarko Petroleum Corporation by 0.4% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 13,586 shares of the oil and gas development company’s stock worth $842,000 after buying an additional 51 shares during the last quarter. Finally, Verde Servicos Internacionais S.A. boosted its position in shares of Anadarko Petroleum Corporation by 48.2% in the first quarter. Verde Servicos Internacionais S.A. now owns 41,252 shares of the oil and gas development company’s stock worth $2,557,000 after buying an additional 13,416 shares during the last quarter. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Anadarko Petroleum Corporation Company Profile

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.

Analyst Recommendations for Anadarko Petroleum Corporation (NYSE:APC)

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