Notable Reporting: Will Anadarko Petroleum Corporation Go Down Anytime Soon?

Notable Reporting: Will Anadarko Petroleum Corporation Go Down Anytime Soon?

The stock of Anadarko Petroleum Corporation (NYSE:APC) is a huge mover today! About 7.97M shares traded hands or 67.09% up from the average. Anadarko Petroleum Corporation (NYSE:APC) has risen 9.82% since April 27, 2016 and is uptrending. It has outperformed by 4.59% the S&P500.
The move comes after 7 months positive chart setup for the $36.77B company. It was reported on Nov, 30 by Barchart.com. We have $73.22 PT which if reached, will make NYSE:APC worth $2.94B more.

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. Anadarko Petroleum Corporation has been the topic of 59 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Accumulate” rating given by Tudor Pickering on Thursday, November 12. The stock of Anadarko Petroleum Corporation (NYSE:APC) has “Equal-Weight” rating given on Wednesday, March 9 by Barclays Capital. Guggenheim upgraded Anadarko Petroleum Corporation (NYSE:APC) on Friday, November 11 to “Buy” rating. The company was initiated on Wednesday, June 8 by Drexel Hamilton. The stock has “Buy” rating given by Citigroup on Tuesday, January 5. Nomura maintained it with “Buy” rating and $4 target price in Tuesday, May 3 report. Morgan Stanley maintained Anadarko Petroleum Corporation (NYSE:APC) rating on Tuesday, September 13. Morgan Stanley has “Overweight” rating and $81 price target. The firm earned “Neutral” rating on Wednesday, May 4 by Alembic. The stock of Anadarko Petroleum Corporation (NYSE:APC) has “Neutral” rating given on Wednesday, December 9 by JP Morgan. Iberia Capital Partners maintained Anadarko Petroleum Corporation (NYSE:APC) rating on Monday, November 2. Iberia Capital Partners has “Outperform” rating and $80 price target.

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 Q2 2016. Its up 0.46, from 0.89 in 2016Q1. The ratio is positive, 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.
Hudson Bay L P, a New York-based fund reported 60,000 shares. Segment Wealth Mngmt Ltd Limited Liability Company, a Texas-based fund reported 3,989 shares. Rathbone Brothers Public Ltd owns 19,950 shares or 0.06% of their US portfolio. The West Virginia-based City has invested 0% in Anadarko Petroleum Corporation (NYSE:APC). The New York-based Focused Wealth Management Inc has invested 0.01% in Anadarko Petroleum Corporation (NYSE:APC). Moreover, Ncm Cap Management Gp has 2.1% invested in Anadarko Petroleum Corporation (NYSE:APC) for 3,225 shares. Homrich Berg accumulated 0.02% or 4,673 shares. Tompkins Fin Corp has invested 0.01% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC). Ridgeworth Cap Limited Liability holds 1.11M shares or 0.54% of its portfolio. Investec Asset Limited owns 772,877 shares or 0.21% of their US portfolio. Point72 Asia (Hong Kong) Limited holds 600 shares or 0.04% of its portfolio. Moreover, Liberty Mutual Gru Asset Management Inc has 0.07% invested in Anadarko Petroleum Corporation (NYSE:APC) for 35,062 shares. Tortoise Investment Management Limited Liability Corp has invested 0.01% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC). Parametric Risk Ltd has 2,674 shares for 0.01% of their US portfolio. Schooner Investment Grp Limited Liability has invested 0.33% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC).

Insider Transactions: Since November 10, 2016, the stock had 0 buys, and 1 insider sale for $459,750 net activity. GORDON JOHN R sold $459,750 worth of Anadarko Petroleum Corporation (NYSE:APC) on Thursday, November 10.

Another recent and important Anadarko Petroleum Corporation (NYSE:APC) news was published by Forbes.com which published an article titled: “Here’s Why We Believe Anadarko Petroleum Is Worth $66 Per Share” on November 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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