Anadarko Petroleum Corporation (APC) is Upgraded by Johnson Rice to Buy

Anadarko Petroleum Corporation (APC) was Upgraded by Johnson Rice to ” Buy”. Earlier the firm had a rating of “Accumulate ” on the company shares. Johnson Rice advised their investors in a research report released on Sep 13, 2016.

Many Wall Street Analysts have commented on Anadarko Petroleum Corporation. Company shares were Reiterated by RBC Capital Mkts on Sep 13, 2016 to “Outperform”, Firm has raised the Price Target to $ 70 from a previous price target of $66 .Anadarko Petroleum Corporation was Initiated by Credit Agricole to “Underperform” on Jun 22, 2016.

On the company’s financial health, Anadarko Petroleum Corporation reported $-1.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on May 2, 2016. Analyst had a consensus of $-1.18. The company had revenue of $1674.00 million for the quarter, 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.

Anadarko Petroleum Corporation opened for trading at $57.22 and hit $58.23 on the upside on Monday, eventually ending the session at $57.79, with a gain of 0.12% or 0.07 points. The heightened volatility saw the trading volume jump to 3,139,417 shares. Company has a market cap of $29,499 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.

Anadarko Petroleum Corporation

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