Anadarko Petroleum Corporation (APC): Price Target and June Short Interest Disclosure

Anadarko Petroleum Corporation (APC) : 16 Wall Street analysts covering Anadarko Petroleum Corporation (APC) believe that the average level the stock could reach for the short term is $66.38. The maximum price target given is $108 and the minimum target for short term is around $46, hence the standard deviation is calculated at $15.35.

Anadarko Petroleum Corporation (APC) has shown a rise of 15.3% or 1,667,393 shares in the short positions. The bets have increased to 12,592,485 shares on June 30,2016 from 10,925,092 shares on June 15,2016. With respect to the floated shares, the shorts are 2.5%. The days to cover are calculated to be 3, using the standard per day volume of 4,869,624 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, CLSA initiates coverage on Anadarko Petroleum Corporation (NYSE:APC). According to the latest information available, the shares are now rated Underperform by the analysts at the agency. The rating by the firm was issued on June 22, 2016.


Anadarko Petroleum Corporation (NYSE:APC): On Thursdays trading session , Opening price of the stock was $56.83 with an intraday high of $56.92. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $55.43. However, the stock managed to close at $55.52, a loss of 1.03% for the day. On the previous day, the stock had closed at $56.1. The total traded volume of the day was 3,397,409 shares.

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.

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