Anadarko Petroleum (NASDAQ:APC) Rating Increased to Strong-Buy at Zacks Research

Anadarko Petroleum (NASDAQ:APC) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Several other equities analysts also recently weighed in on the company. Capital One Financial began coverage on Anadarko Petroleum in a research report on Monday, March 9th. They issued an “overweight” rating and a $21.00 target price on the stock. UBS Group began coverage on Anadarko Petroleum in a research report on Monday, March 9th. They issued a “buy” rating and a $22.00 target price on the stock. Stifel Nicolaus began coverage on Anadarko Petroleum in a research report on Monday, March 9th. They issued a “buy” rating and a $22.00 target price on the stock. Mizuho began coverage on Anadarko Petroleum in a research report on Monday, March 9th. They issued a “neutral” rating and a $20.00 target price on the stock. Finally, Raymond James Financial began coverage on Anadarko Petroleum in a research report on Monday, March 9th. They issued a “strong-buy” rating and a $23.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $21.60.

Anadarko Petroleum Stock Performance

NASDAQ APC opened at $20.91 on Wednesday. The company has a market cap of $262.84 million, a PE ratio of 90.91, a price-to-earnings-growth ratio of 5.64 and a beta of 1.64. The stock’s 50 day simple moving average is $18.64 and its 200-day simple moving average is $48.75. Anadarko Petroleum has a 1-year low of $17.00 and a 1-year high of $21.72. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.92 and a quick ratio of 0.92.

Anadarko Petroleum (NASDAQ:APC) last released its earnings results on Friday, May 15th. The oil and gas development company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. Anadarko Petroleum had a positive return on equity of 10.49% and a negative net margin of 4.20%.Anadarko Petroleum’s revenue was down .2% on a year-over-year basis. As a group, equities research analysts anticipate that Anadarko Petroleum will post 1.97 EPS for the current fiscal year.

Insider Activity at Anadarko Petroleum

In related news, major shareholder Holdings I. L.P. Blackstone sold 25,000 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $19.00, for a total value of $475,000.00. Following the completion of the sale, the insider owned 125,000 shares of the company’s stock, valued at approximately $2,375,000. This trade represents a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.50% of the company’s stock.

About Anadarko Petroleum

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). It is also involved in gathering, processing, treating, and transporting oil, natural-gas, and NGLs production, as well as the gathering and disposal of produced water. The company's oil and natural gas properties are located in the United States onshore and deepwater Gulf of Mexico; and Algeria, Ghana, Mozambique, Colombia, Peru, and other countries.