Anadarko Petroleum Corporation (NYSE:APC) has climbed 3.51% in the past week and advanced 11.28% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 4.75% and the outperformance has advanced to 10.26% for the last 4 weeks period.
Anadarko Petroleum Corporation (NYSE:APC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $54.44 and $54.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $55.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $54.86, notching a gain of 2.93% for the day. The total traded volume was 4,845,146 . The stock had closed at $53.30 on the previous day.
The company shares have dropped -33.07% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $82.69 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $50.83 and the 200 Day Moving Average price is recorded at $46.10.
On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Anadarko Petroleum Corp, Fluor Peter J had purchased shares worth of $229,950 in a transaction dated on January 21, 2016. A total of 7,527 shares were purchased at a price of $30.55 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Piper Jaffray assumes the rating on Anadarko Petroleum Corporation (NYSE:APC). The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency announces the price target to $64 per share. The rating by the firm was issued on June 10, 2016. Currently the company Insiders own 0.53% of Anadarko Petroleum Corporation shares according to the proxy statements. Institutional Investors own 87.25% of Anadarko Petroleum Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 31.35%.
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.