Anadarko Petroleum Corporation Stock Price Could Go Down After Today’s Bearish Options Activity


 Anadarko Petroleum Corporation Stock Price Could Go Down After Today's Bearish Options Activity

In today’s session Anadarko Petroleum Corporation (APC) recorded an unusually high (199) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious APC decrease. With 199 contracts traded and 7814 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: APC161021P00054000 closed last at: $0.16 or 27.3% down. The stock increased 0.08% or $0.05 during the last trading session, hitting $63.47. About 6.74 million shares traded hands or 0.90% up from the average. Anadarko Petroleum Corporation (NYSE:APC) has risen 48.82% since March 2, 2016 and is uptrending. It has outperformed by 39.57% the S&P500.

Analysts await Anadarko Petroleum Corporation (NYSE:APC) to report earnings on October, 25. They expect $-0.53 EPS, up 26.39% or $0.19 from last year’s $-0.72 per share. After $-0.60 actual EPS reported by Anadarko Petroleum Corporation for the previous quarter, Wall Street now forecasts -11.67% EPS growth.

Anadarko Petroleum Corporation (NYSE:APC) Ratings Coverage

Out of 29 analysts covering Anadarko Petroleum Corporation (NYSE:APC), 21 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 72% are positive. Anadarko Petroleum Corporation has been the topic of 56 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was upgraded on Friday, March 11 by Goldman Sachs. The firm has “Perform” rating given on Thursday, October 29 by Oppenheimer. Credit Suisse maintained it with “Outperform” rating and $55 target price in Wednesday, February 3 report. The firm has “Buy” rating by Argus Research given on Tuesday, August 11. The firm earned “Buy” rating on Friday, August 7 by Zacks. The company was initiated on Wednesday, December 9 by JP Morgan. Nomura maintained Anadarko Petroleum Corporation (NYSE:APC) rating on Tuesday, May 3. Nomura has “Buy” rating and $4 price target. The rating was downgraded by Howard Weil to “Sector Outperform” on Monday, May 16. Citigroup maintained the shares of APC in a report on Monday, September 14 with “Neutral” rating. As per Monday, November 2, the company rating was downgraded by Guggenheim.

Insitutional Activity: The institutional sentiment is 0.89 in Q2 2016. Its the same as in 2016Q1. The ratio is the same, as 64 funds sold all Anadarko Petroleum Corporation shares owned while 252 reduced positions. only 50 funds bought stakes while 230 increased positions. They now own 432.86 million shares or 1.84% less from 440.99 million shares in 2016Q1.
Dai Ichi Life Insur has 0.18% invested in the company for 112,509 shares. The Alabama-based Retirement Sys Of Alabama has invested 0.27% in Anadarko Petroleum Corporation (NYSE:APC). Gabelli Funds Ltd holds 0.17% or 544,800 shares in its portfolio. Moreover, Mrj Capital Inc has 0.17% invested in Anadarko Petroleum Corporation (NYSE:APC) for 4,582 shares. Wetherby Asset accumulated 0.1% or 8,329 shares. Federated Invsts Inc Pa accumulated 12,104 shares or 0% of the stock. Private National Bank & Trust & Tru Communication owns 12,799 shares or 0.11% of their US portfolio. Nelson Van Denburg & Campbell Wealth Ltd Liability Corporation has 5 shares for 0% of their US portfolio. Evercore Wealth Mgmt Ltd Liability Company has 9,638 shares for 0.02% of their US portfolio. Louisiana State Employees Retirement Sys has invested 0.09% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC). Klingenstein Fields Limited Liability Corp accumulated 6,030 shares or 0.02% of the stock. Moreover, Raymond James Advsr Incorporated has 0.09% invested in Anadarko Petroleum Corporation (NYSE:APC) for 168,717 shares. Amp Capital Investors last reported 0.09% of its portfolio in the stock. The United Kingdom-based Pictet Asset Management Ltd has invested 0.05% in Anadarko Petroleum Corporation (NYSE:APC). Gendell Jeffrey L, a Connecticut-based fund reported 31,295 shares.

Anadarko Petroleum Corporation is an independent exploration and production company. The company has a market cap of $35.17 billion. The Company’s divisions include Oil and Gas Exploration & Production; Midstream, and Marketing. It currently has negative earnings. The Oil and Gas Exploration & Production segment explores for and produces oil, condensate, natural gas and natural gas liquids (NGLs), and focuses on the development and operation of the Company’s liquefied natural gas (LNG) project in Mozambique.

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