Anadarko Petroleum Corporation Could Decline a Lot According to The Today’s Call Option Activity

 Anadarko Petroleum Corporation Could Decline a Lot According to The Today's Call Option Activity

In today’s session Anadarko Petroleum Corporation (APC) recorded an unusually high (639) 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 639 contracts traded and 2294 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: APC161021P00062500 closed last at: $0.63 or 17.1% down. About 2.21M shares traded hands. Anadarko Petroleum Corporation (NYSE:APC) has risen 36.84% since March 14, 2016 and is uptrending. It has outperformed by 31.23% the S&P500.

Analysts await Anadarko Petroleum Corporation (NYSE:APC) to report earnings on October, 25. They expect $-0.53 earnings per share, up 26.39% or $0.19 from last year’s $-0.72 per share. After $-0.60 actual earnings per share 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), 22 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 76% are positive. Anadarko Petroleum Corporation has been the topic of 57 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by JP Morgan on Wednesday, December 9. The stock of Anadarko Petroleum Corporation (NYSE:APC) has “Overweight” rating given on Tuesday, September 13 by Morgan Stanley. Howard Weil downgraded the shares of APC in a report on Monday, May 16 to “Sector Outperform” rating. The rating was initiated by Drexel Hamilton with “Buy” on Wednesday, June 8. The rating was maintained by Deutsche Bank on Tuesday, March 29 with “Hold”. The company was downgraded on Wednesday, January 27 by Atlantic Securities. Citigroup upgraded Anadarko Petroleum Corporation (NYSE:APC) on Tuesday, January 5 to “Buy” rating. Barclays Capital maintained Anadarko Petroleum Corporation (NYSE:APC) rating on Tuesday, October 4. Barclays Capital has “Equal Weight” rating and $60 price target. Nomura maintained the shares of APC in a report on Tuesday, May 3 with “Buy” rating. The firm has “Outperform” rating given on Wednesday, February 3 by Credit Suisse.

According to Zacks Investment Research, “Anadarko Petroleum Corporation is one of the world’s largest independent oil and gas exploration and production companies. Majority of the company’s total proved reserves are located in the U.S., primarily in the mid-continent (Kansas, Oklahoma and Texas) area, offshore in the Gulf of Mexico and in Alaska. Most of the company’s production is domestic and the remainder is from Algeria. The company also owns and operates gas gathering systems in its U.S. core producing areas.”

Insitutional Activity: The institutional sentiment is 0.89 in 2016 Q2. 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.
Intact Invest Management last reported 15,600 shares in the company. Cubic Asset Mgmt Ltd accumulated 0.08% or 4,650 shares. Callahan Advisors Ltd Co has 0.14% invested in the company for 9,862 shares. Guardian Life Of America owns 1,906 shares or 0.01% of their US portfolio. Mariner Wealth Advisors Ltd Limited Liability Company accumulated 4,870 shares or 0.01% of the stock. Birch Hill Limited Com accumulated 0.14% or 25,909 shares. Ontario Teachers Pension Plan Board has invested 0.02% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC). Shelton Mgmt accumulated 0.13% or 27,090 shares. Highbridge Capital Mgmt Ltd Co has 0.01% invested in the company for 6,073 shares. The Illinois-based Hightower Advisors Lc has invested 0.02% in Anadarko Petroleum Corporation (NYSE:APC). Gateway Advisers Ltd Liability has 39,630 shares for 0.02% of their US portfolio. Gamco Et Al last reported 0.06% of its portfolio in the stock. First Interstate National Bank, a Montana-based fund reported 160 shares. Lombard Odier Asset Management (Europe) has 0.06% invested in the company for 22,994 shares. Atlantic Tru Grp Inc Lc, a Georgia-based fund reported 1.74 million shares.

Anadarko Petroleum Corporation is an independent exploration and production company. The company has a market cap of $34.17 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.

APC Company Profile

Anadarko Petroleum Corporation (Anadarko), incorporated on June 12, 1985, is an independent exploration and production company. The Firm is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s divisions include Oil and Gas Exploration & Production; Midstream, and Marketing. 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. The Midstream segment engages in gathering, processing, treating and transporting Anadarko and third-party oil, natural-gas and NGLs production. The Marketing segment sells Anadarko’s oil, natural-gas and NGLs production, as well as third-party purchased volumes. The Firm has approximately 2.1 billion barrels of oil equivalent (BOE) of proved reserves.

More important recent Anadarko Petroleum Corporation (NYSE:APC) news were published by: Fool.com which released: “A Steal of a Deal Fueled Anadarko Petroleum Corporation’s 18% Surge in September” on October 07, 2016, also Fool.com published article titled: “Better Buy: Apache Corp. vs. Anadarko Petroleum Corporation”, Investorplace.com published: “Trade of the Day: Anadarko Petroleum Corporation (APC) Resumes Its Upward Motion” on October 04, 2016. More interesting news about Anadarko Petroleum Corporation (NYSE:APC) was released by: Seekingalpha.com and their article: “How Anadarko Petroleum Is Fixing Its Balance Sheet” with publication date: September 28, 2016.

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