Noteworthy Price Action: How Analysts Feel About Anadarko Petroleum Corporation After Making 52-Week High?

Noteworthy Price Action: How Analysts Feel About Anadarko Petroleum Corporation After Making 52 Week High?

The stock of Anadarko Petroleum Corporation (NYSE:APC) hit a new 52-week high and has $68.62 target or 5.00% above today’s $65.35 share price. The 9 months bullish chart indicates low risk for the $36.54B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $68.62 price target is reached, the company will be worth $1.83 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.26M shares traded hands. Anadarko Petroleum Corporation (NYSE:APC) has risen 28.02% since April 21, 2016 and is uptrending. It has outperformed by 22.69% the S&P500.

Analysts await Anadarko Petroleum Corporation (NYSE:APC) to report earnings on February, 6. They expect $-0.46 earnings per share, up 19.30% or $0.11 from last year’s $-0.57 per share. After $-0.89 actual earnings per share reported by Anadarko Petroleum Corporation for the previous quarter, Wall Street now forecasts -48.31% EPS growth.

Anadarko Petroleum Corporation (NYSE:APC) Ratings Coverage

Out of 29 analysts covering Anadarko Petroleum Corporation (NYSE:APC), 23 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 79% are positive. Anadarko Petroleum Corporation has been the topic of 59 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Wednesday, December 9 by JP Morgan. The company was maintained on Friday, July 29 by Barclays Capital. Iberia Capital Partners maintained the stock with “Outperform” rating in Monday, November 2 report. The company was downgraded on Thursday, October 29 by Oppenheimer. The company was downgraded on Monday, November 2 by Guggenheim. Argus Research maintained the shares of APC in a report on Wednesday, November 25 with “Buy” rating. The firm earned “Hold” rating on Tuesday, March 29 by Deutsche Bank. The stock of Anadarko Petroleum Corporation (NYSE:APC) earned “Hold” rating by Stifel Nicolaus on Wednesday, April 6. Howard Weil upgraded Anadarko Petroleum Corporation (NYSE:APC) on Friday, November 13 to “Focus Stock” rating. The stock of Anadarko Petroleum Corporation (NYSE:APC) has “Overweight” rating given on Friday, June 10 by Piper Jaffray.

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 increased to 1.35 in 2016 Q2. Its up 0.46, from 0.89 in 2016Q1. The ratio increased, as 64 funds sold all Anadarko Petroleum Corporation shares owned while 252 reduced positions. 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.
The Illinois-based Dearborn Ptnrs Limited Com has invested 0.04% in Anadarko Petroleum Corporation (NYSE:APC). Sg Americas Ltd Limited Liability Company holds 0.09% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC) for 237,441 shares. Proshare Advsrs Limited Liability Corporation holds 0.06% or 88,859 shares in its portfolio. Louisiana State Employees Retirement Sys holds 33,500 shares or 0.09% of its portfolio. Amalgamated State Bank holds 0.06% or 19,417 shares in its portfolio. Fisher Asset Ltd Liability holds 6,804 shares or 0% of its portfolio. Knott David M holds 0% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC) for 301,210 shares. Eagle Advsr Llc holds 9,327 shares or 0.01% of its portfolio. Rr Advisors Limited Liability last reported 0.8% of its portfolio in the stock. Moreover, Art Advsr Lc has 0.36% invested in Anadarko Petroleum Corporation (NYSE:APC) for 136,165 shares. Exxonmobil Invest Mgmt Tx accumulated 0.15% or 132,124 shares. Manufacturers Life Company The last reported 514,239 shares in the company. Moreover, Estabrook Capital Management has 0% invested in Anadarko Petroleum Corporation (NYSE:APC) for 1,182 shares. Hartford Mgmt holds 0.02% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC) for 750 shares. Cap Innovations Limited Liability reported 16,875 shares or 2.62% of all its holdings.

Insider Transactions: Since November 10, 2016, the stock had 0 insider buys, and 1 sale for $459,750 net activity. 7,500 shares were sold by GORDON JOHN R, worth $459,750 on Thursday, November 10.

More news for Anadarko Petroleum Corporation (NYSE:APC) were recently published by: Bizjournals.com, which released: “Anadarko closes on $1B asset sale” on November 18, 2016. Prnewswire.com‘s article titled: “Anadarko Declares Dividend” and published on November 11, 2016 is yet another important article.

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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