Anadarko Petroleum Co. (NASDAQ:APC) Sees Significant Growth in Short Interest

Anadarko Petroleum Co. (NASDAQ:APC) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 787,740 shares, an increase of 145.5% from the June 15th total of 320,915 shares. Approximately 6.3% of the company’s stock are sold short. Based on an average daily volume of 358,318 shares, the days-to-cover ratio is presently 2.2 days.

Anadarko Petroleum Price Performance

Shares of APC opened at $20.17 on Tuesday. The firm has a market capitalization of $253.54 million, a PE ratio of 46.91, a PEG ratio of 5.64 and a beta of 1.64. The company’s 50-day moving average is $19.54 and its 200-day moving average is $32.98. Anadarko Petroleum has a fifty-two week low of $17.00 and a fifty-two week 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 announced its earnings results on Friday, May 15th. The oil and gas development company reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. Anadarko Petroleum had a negative net margin of 4.20% and a positive return on equity of 10.49%. The business’s quarterly revenue was down .2% compared to the same quarter last year. Equities analysts forecast that Anadarko Petroleum will post 1.97 EPS for the current year.

Analyst Ratings Changes

APC has been the topic of a number of analyst reports. Zacks Research upgraded Anadarko Petroleum from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Weiss Ratings initiated coverage on shares of Anadarko Petroleum in a research note on Thursday, May 28th. They issued a “sell (e)” rating for the company. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Anadarko Petroleum presently has an average rating of “Moderate Buy” and an average price target of $21.60.

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.