Could Anadarko Petroleum Corporation See a Reversal After Today’s Strong Options Activity?

 Could Anadarko Petroleum Corporation See a Reversal After Today's Strong Options Activity?

In today’s session Anadarko Petroleum Corporation (APC) registered an unusually high (452) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the February, 2017 call, expecting serious APC increase. With 452 contracts traded and 11764 open interest for the Feb, 17 contract, it seems this is a quite bullish bet. The option with symbol: APC170217C00065000 closed last at: $3.75 or 13.8% down. About 864,312 shares traded hands. Anadarko Petroleum Corporation (NYSE:APC) has risen 18.41% since April 26, 2016 and is uptrending. It has outperformed by 13.15% the S&P500.

Analysts await Anadarko Petroleum Corporation (NYSE:APC) to report earnings on February, 6. They expect $-0.46 EPS, up 19.30% or $0.11 from last year’s $-0.57 per share. After $-0.89 actual EPS 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. $109 is the highest target while $4 is the lowest. The $73.65 average target is 22.61% above today’s ($60.07) stock price. Anadarko Petroleum Corporation has been the topic of 59 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Piper Jaffray initiated the stock with “Overweight” rating in Friday, June 10 report. The company was initiated on Wednesday, December 9 by JP Morgan. The company was upgraded on Tuesday, January 5 by Citigroup. Argus Research maintained Anadarko Petroleum Corporation (NYSE:APC) rating on Tuesday, August 11. Argus Research has “Buy” rating and $105 price target. The firm has “Hold” rating by Deutsche Bank given on Tuesday, March 29. Morgan Stanley maintained it with “Overweight” rating and $81 target price in Tuesday, September 13 report. Guggenheim downgraded Anadarko Petroleum Corporation (NYSE:APC) on Monday, November 2 to “Neutral” rating. The company was downgraded on Thursday, November 12 by Tudor Pickering. The stock of Anadarko Petroleum Corporation (NYSE:APC) earned “Equal Weight” rating by Barclays Capital on Tuesday, October 4. Howard Weil downgraded Anadarko Petroleum Corporation (NYSE:APC) on Monday, May 16 to “Sector Outperform” rating.

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.
Keybank Association Oh has 160,668 shares for 0.06% of their US portfolio. Howard Hughes Institute holds 1,276 shares or 0.02% of its portfolio. Cramer Rosenthal Mcglynn Lc accumulated 0.09% or 107,545 shares. Triangle Secs Wealth accumulated 6,400 shares or 0.25% of the stock. Reliance Tru Of Delaware reported 42,312 shares or 0.17% of all its holdings. Arizona State Retirement Systems holds 0.09% or 125,226 shares in its portfolio. Alexandria Cap Limited Liability Company reported 139,147 shares or 1.32% of all its holdings. Skylands Capital holds 0.02% or 2,275 shares in its portfolio. Moreover, Mrj Cap has 0.17% invested in Anadarko Petroleum Corporation (NYSE:APC) for 4,582 shares. Martin Currie Ltd holds 0.35% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC) for 67,370 shares. Rathbone Brothers Public Limited Co reported 19,950 shares or 0.06% of all its holdings. Eagleclaw Capital Managment Limited Liability Corp has invested 0.38% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC). Teacher Retirement Sys Of Texas holds 226,692 shares or 0.08% of its portfolio. Addison Cap accumulated 12,700 shares or 0.61% of the stock. Ensemble Capital Ltd Llc holds 0.4% or 26,110 shares in its portfolio.

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

Anadarko Petroleum Corporation is an independent exploration and production company. The company has a market cap of $32.65 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 news for Anadarko Petroleum Corporation (NYSE:APC) were recently published by: Forbes.com, which released: “Here’s Why We Believe Anadarko Petroleum Is Worth $66 Per Share” on November 28, 2016. Seekingalpha.com‘s article titled: “Anadarko Jump Starts Cash Flow Growth” and published on November 25, 2016 is yet another important article.

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