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

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

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

Anadarko Petroleum Price Performance

NASDAQ:APC opened at $20.91 on Wednesday. The stock has a 50 day moving average price of $18.64 and a 200 day moving average price of $48.75. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market cap of $262.84 million, a PE ratio of 90.91, a P/E/G ratio of 5.64 and a beta of 1.64. Anadarko Petroleum has a one year low of $17.00 and a one year high of $21.72.

Anadarko Petroleum (NASDAQ:APC) last posted its earnings results on Friday, May 15th. The oil and gas development company reported $0.20 earnings per share (EPS) for the quarter, hitting 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%.The business’s revenue for the quarter was down .2% compared to the same quarter last year. Equities research analysts expect that Anadarko Petroleum will post 1.97 EPS for the current fiscal year.

Insider Buying and Selling at Anadarko Petroleum

In other news, major shareholder Holdings I. L.P. Blackstone sold 25,000 shares of Anadarko Petroleum stock in a transaction 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 directly owned 125,000 shares of the company’s stock, valued at approximately $2,375,000. The trade was a 16.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.50% 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). 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.