Anadarko Petroleum Corporation (APC) Shares are Up 1.01%

Anadarko Petroleum Corporation (APC) has been under a strong bear grip, hence the stock is down -0.04% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.04% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.01% in the last 1 week, and is up 0.35% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Anadarko Petroleum Corporation is up 11.33% in the last 3-month period. Year-to-Date the stock performance stands at 13.1%. The stock has recorded a 20-day Moving Average of 2.4% and the 50-Day Moving Average is 1.56%.


Anadarko Petroleum Corporation (NYSE:APC): The stock opened at $55.64 on Friday but the bulls could not build on the opening and the stock topped out at $55.70 for the day. The stock traded down to $54.48 during the day, due to lack of any buying support eventually closed down at $54.83 with a loss of -1.98% for the day. The stock had closed at $55.94 on the previous day. The total traded volume was 3,165,448 shares.

Also, In the latest statement by the brokerage house, Barclays maintains its outlook on Anadarko Petroleum Corporation (NYSE:APC). The current rating of the shares is Equal-weight, according to the research report released by the firm. The brokerage firm lowers the price target from $46 per share to $50 per share. The rating by the firm was issued on July 29, 2016.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.