Anadarko Petroleum Corporation (APC) reported quarterly earnings results on Monday, May-2-2016. The company said it had a profit of $-1.12 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $-1.18. The company posted revenue of $1674.00 million in the period, compared to analysts expectations of $1786.65 million. The company’s revenue was down -27.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.72 EPS.
Many Wall Street Analysts have commented on Anadarko Petroleum Corporation. Anadarko Petroleum Corporation was Upgraded by JP Morgan to ” Overweight” on Apr 15, 2016. Anadarko Petroleum Corporation was Downgraded by Stifel to ” Hold” on Apr 6, 2016. Shares were Reiterated by Deutsche Bank on Mar 29, 2016 to “Hold” and Lowered the Price Target to $ 58 from a previous price target of $60 .
Anadarko Petroleum Corporation opened for trading at $53.03 and hit $55.46 on the upside on Wednesday, eventually ending the session at $54.78, with a gain of 4.62% or 2.42 points. The heightened volatility saw the trading volume jump to 76,06,778 shares. Company has a market cap of $27,852 M.
In a different news, on Jan 25, 2016, Peter J Fluor (director) purchased 7,527 shares at $30.55 per share price. According to the SEC, on Mar 24, 2015, Robert P Daniels (EVP, Intl./Deepwater Expl.) sold 38,449 shares at $80.94 per share price.
Anadarko Petroleum Corporation is an independent exploration and production company. The Company is engaged in the exploration development production and marketing of natural gas oil condensate natural gas liquids (NGLs) and anticipated production of liquefied natural gas (LNG). Its assets include United States onshore resource plays in the Rocky Mountains area the southern United States the Appalachian basin and Alaska. The Company has three segments: Oil and gas exploration and production Midstream and Marketing. Oil and gas exploration and production segment explores for and produces natural gas oil condensate and NGLs and plans for the development and operation of its LNG project. Midstream segment engages in gathering processing treating and transporting oil natural-gas and NGLs production. Marketing segment sells oil natural-gas and NGLs production. The Company is also an independent producer in the deepwater Gulf of Mexico.