UBS Group Issues Pessimistic Forecast for Anadarko Petroleum (NASDAQ:APC) Stock Price

Anadarko Petroleum (NASDAQ:APC) had its target price dropped by equities researchers at UBS Group from $21.00 to $19.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the oil and gas development company’s stock. UBS Group‘s price objective indicates a potential upside of 28.38% from the company’s previous close.

APC has been the subject of several other research reports. Zacks Research cut Anadarko Petroleum from a “hold” rating to a “strong sell” rating in a report on Wednesday. Mizuho raised Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $22.00 target price on the stock in a research note on Friday, October 2nd. Finally, Weiss Ratings upgraded Anadarko Petroleum from a “sell (e)” rating to a “hold (c)” rating in a report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.40.

Anadarko Petroleum Trading Up 0.2%

Shares of APC stock traded up $0.03 during mid-day trading on Thursday, reaching $14.80. The stock had a trading volume of 162,447 shares, compared to its average volume of 102,785. The stock’s 50-day moving average price is $16.63 and its two-hundred day moving average price is $23.08. Anadarko Petroleum has a 52-week low of $13.72 and a 52-week high of $21.72. The firm has a market capitalization of $186.04 million and a PE ratio of 15.26. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09.

Anadarko Petroleum (NASDAQ:APC) last issued its quarterly earnings data on Wednesday, November 4th. The oil and gas development company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). The firm had revenue of $1.89 billion for the quarter. The company’s revenue was up 27.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.29 earnings per share. Equities analysts expect that Anadarko Petroleum will post 0.94 earnings per share for the current fiscal year.

Insider Buying and Selling at Anadarko Petroleum

In other news, major shareholder Holdings I. L.P. Blackstone sold 124,600 shares of the stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $16.40, for a total value of $2,043,440.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Anadarko Petroleum

Hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC purchased a new stake in Anadarko Petroleum in the second quarter worth $4,579,000. State Street Corp bought a new stake in shares of Anadarko Petroleum during the 2nd quarter valued at $2,536,000. Readystate Asset Management LP bought a new stake in shares of Anadarko Petroleum during the 2nd quarter valued at $1,696,000. ACT Capital Partners L.P. purchased a new stake in shares of Anadarko Petroleum in the 3rd quarter worth about $223,000. Finally, Greenland Capital Management LP purchased a new stake in shares of Anadarko Petroleum in the 2nd quarter worth about $264,000.

Anadarko Petroleum Company Profile

Anadarko Petroleum Corporation was an independent oil and natural gas exploration and production company headquartered in The Woodlands, Texas. Its operations focused on finding, developing and producing crude oil, natural gas and natural gas liquids, with additional activities in gathering, processing and other midstream services.

The company’s principal resource areas included U.S. onshore properties, particularly in the Delaware and DJ basins, as well as assets in the Gulf of Mexico.