Traders Sell Anadarko Petroleum (APC) on Strength (APC)

Investors sold shares of Anadarko Petroleum Co. (NYSE:APC) on strength during trading on Friday. $66.94 million flowed into the stock on the tick-up and $89.02 million flowed out of the stock on the tick-down, for a money net flow of $22.08 million out of the stock. Of all equities tracked, Anadarko Petroleum had the 0th highest net out-flow for the day. Anadarko Petroleum traded up $0.76 for the day and closed at $66.82

Several research firms recently commented on APC. Bank of America set a $100.00 price target on shares of Anadarko Petroleum and gave the company a “buy” rating in a research report on Tuesday, July 31st. ValuEngine upgraded shares of Anadarko Petroleum from a “sell” rating to a “hold” rating in a research report on Saturday, April 21st. Zacks Investment Research downgraded shares of Anadarko Petroleum from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Morgan Stanley began coverage on shares of Anadarko Petroleum in a research report on Thursday, July 12th. They issued an “equal weight” rating and a $86.00 price target for the company. Finally, Stifel Nicolaus reduced their price target on shares of Anadarko Petroleum from $73.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, May 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seventeen have issued a buy rating to the stock. Anadarko Petroleum has a consensus rating of “Buy” and an average price target of $77.45.

The stock has a market capitalization of $33.83 billion, a P/E ratio of -34.09, a price-to-earnings-growth ratio of 2.18 and a beta of 1.27. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.85 and a current ratio of 0.85.

Anadarko Petroleum (NYSE:APC) last announced its quarterly earnings data on Tuesday, July 31st. The oil and gas development company reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.06). The firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Anadarko Petroleum had a return on equity of 1.85% and a net margin of 3.63%. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.75) EPS. analysts forecast that Anadarko Petroleum Co. will post 3.04 earnings per share for the current year.

Anadarko Petroleum declared that its Board of Directors has approved a share buyback program on Monday, July 9th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the oil and gas development company to buy up to 2.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

A number of institutional investors have recently made changes to their positions in APC. NN Investment Partners Holdings N.V. acquired a new position in shares of Anadarko Petroleum during the 2nd quarter worth $182,000. Kiley Juergens Wealth Management LLC acquired a new position in shares of Anadarko Petroleum during the 2nd quarter worth $182,000. Quest Investment Management LLC acquired a new position in shares of Anadarko Petroleum during the 2nd quarter worth $203,000. Compton Capital Management Inc. RI acquired a new position in shares of Anadarko Petroleum during the 1st quarter worth $208,000. Finally, Abbrea Capital LLC acquired a new position in shares of Anadarko Petroleum during the 2nd quarter worth $208,000. Institutional investors own 88.28% of the company’s stock.

Anadarko Petroleum Company Profile

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Exploration and Production, WES Midstream, and Other Midstream. The company explores for and produces oil, natural gas, and natural gas liquids (NGLs).

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