The stock of Anadarko Petroleum Corporation (NYSE:APC) is a huge mover today! About 2.05M shares traded hands. Anadarko Petroleum Corporation (NYSE:APC) has risen 29.28% since March 16, 2016 and is uptrending. It has outperformed by 23.73% the S&P500.
The move comes after 9 months positive chart setup for the $35.82 billion company. It was reported on Oct, 19 by Barchart.com. We have $88.00 PT which if reached, will make NYSE:APC worth $13.25 billion more.
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), 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 rating was upgraded by Goldman Sachs to “Buy” on Friday, March 11. The rating was downgraded by Zacks on Friday, August 7 to “Buy”. As per Tuesday, September 13, the company rating was maintained by RBC Capital Markets. The firm earned “Neutral” rating on Monday, November 2 by Guggenheim. The rating was upgraded by JP Morgan to “Overweight” on Friday, April 15. Stifel Nicolaus downgraded the stock to “Hold” rating in Wednesday, April 6 report. On Tuesday, August 11 the stock rating was maintained by Argus Research with “Buy”. The company was upgraded on Tuesday, January 5 by Citigroup. The rating was maintained by Credit Suisse with “Outperform” on Wednesday, February 3. The stock has “Neutral” rating given by JP Morgan on Wednesday, December 9.
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 Q2 2016. Its the same as in 2016Q1. The ratio is flat, 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.
Guggenheim Cap Limited Liability Company last reported 0.09% of its portfolio in the stock. Natixis has invested 0.08% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC). Apriem Advsrs has 632 shares for 0.01% of their US portfolio. Kimelman & Baird Ltd Company last reported 12,558 shares in the company. Hsbc Pcl accumulated 414,113 shares or 0.06% of the stock. The United Kingdom-based Legal General Group Public Limited Com has invested 0.13% in Anadarko Petroleum Corporation (NYSE:APC). Bb&T Corp accumulated 25,023 shares or 0.03% of the stock. Douglass Winthrop Advsrs Ltd Liability Com holds 12,720 shares or 0.06% of its portfolio. Oppenheimer And holds 0.1% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC) for 60,577 shares. Bronson Point Mngmt Lc has 2.32% invested in the company for 130,000 shares. Schwartz Invest Counsel has invested 0.02% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC). Smithfield holds 3,860 shares or 0.04% of its portfolio. Highbridge Cap Mngmt Ltd Limited Liability Company last reported 0.01% of its portfolio in the stock. The United Kingdom-based Martin Currie Ltd has invested 0.35% in Anadarko Petroleum Corporation (NYSE:APC). The Pennsylvania-based Schooner Invest Gru Limited Com has invested 0.33% in Anadarko Petroleum Corporation (NYSE:APC).
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.
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.
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