Anadarko Petroleum Corporation (NYSE:APC) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Thursday.

A number of other equities research analysts have also weighed in on APC. Royal Bank Of Canada set a $84.00 price target on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a report on Thursday, April 20th. Barclays PLC reaffirmed an “equal weight” rating and set a $57.00 price target (down from $59.00) on shares of Anadarko Petroleum Corporation in a report on Saturday, April 22nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $62.00 price target on shares of Anadarko Petroleum Corporation in a report on Friday, April 28th. Macquarie lowered shares of Anadarko Petroleum Corporation from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $74.00 to $60.00 in a report on Wednesday, May 3rd. Finally, Wells Fargo & Company lowered shares of Anadarko Petroleum Corporation from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 3rd. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Anadarko Petroleum Corporation currently has a consensus rating of “Buy” and a consensus target price of $69.73.

Anadarko Petroleum Corporation (NYSE:APC) traded up 1.08% during trading on Thursday, hitting $42.17. 5,240,568 shares of the company’s stock traded hands. Anadarko Petroleum Corporation has a 12-month low of $41.22 and a 12-month high of $73.33. The firm’s 50-day moving average price is $44.29 and its 200 day moving average price is $54.51. The stock’s market cap is $23.63 billion.

Anadarko Petroleum Corporation (NYSE:APC) last released its quarterly earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.35) by $0.42. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 41.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.60) earnings per share. Analysts anticipate that Anadarko Petroleum Corporation will post ($2.12) earnings per share for the current fiscal year.

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Several large investors have recently bought and sold shares of the company. Quantitative Investment Management LLC increased its position in shares of Anadarko Petroleum Corporation by 1,683.1% in the first quarter. Quantitative Investment Management LLC now owns 148,000 shares of the oil and gas development company’s stock valued at $9,176,000 after buying an additional 139,700 shares during the period. Homrich & Berg increased its position in shares of Anadarko Petroleum Corporation by 46.2% in the first quarter. Homrich & Berg now owns 9,045 shares of the oil and gas development company’s stock valued at $561,000 after buying an additional 2,857 shares during the period. Amalgamated Bank increased its position in shares of Anadarko Petroleum Corporation by 8.9% in the first quarter. Amalgamated Bank now owns 34,693 shares of the oil and gas development company’s stock valued at $2,151,000 after buying an additional 2,829 shares during the period. Airain ltd increased its position in shares of Anadarko Petroleum Corporation by 135.9% in the first quarter. Airain ltd now owns 70,968 shares of the oil and gas development company’s stock valued at $4,400,000 after buying an additional 40,878 shares during the period. Finally, Rafferty Asset Management LLC increased its position in shares of Anadarko Petroleum Corporation by 134.7% in the first quarter. Rafferty Asset Management LLC now owns 20,800 shares of the oil and gas development company’s stock valued at $1,290,000 after buying an additional 11,937 shares during the period. 84.40% of the stock is currently owned by institutional investors and hedge funds.

About Anadarko Petroleum Corporation

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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