Anadarko Petroleum Corporation (APC) was Upgraded by Stifel to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 86 from a previous price target of $63 . Earlier the firm had a rating of “Hold ” on the company shares. Stifel advised their investors in a research report released on Dec 1, 2016.
Many Wall Street Analysts have commented on Anadarko Petroleum Corporation. Anadarko Petroleum Corporation was Upgraded by Guggenheim to ” Buy” on Nov 11, 2016. Anadarko Petroleum Corporation was Upgraded by Credit Suisse to ” Outperform” on Nov 2, 2016. Company shares were Reiterated by Barclays on Oct 4, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 60 from a previous price target of $50 .
On the company’s financial health, Anadarko Petroleum Corporation reported $-0.89 EPS for the quarter, missing the analyst consensus estimate by $ -0.33 based on the information available during the earnings call on Oct 31, 2016. Analyst had a consensus of $-0.56. The company had revenue of $1893.00 million for the quarter, compared to analysts expectations of $2176.13 million. The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.72 EPS.
Anadarko Petroleum Corporation closed down -1.84 points or -2.97% at $60.16 with 66,81,775 shares getting traded on Tuesday. Post opening the session at $60.64, the shares hit an intraday low of $59.035 and an intraday high of $60.75 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
Investors should note that on Nov 10, 2016, Anadarko Petroleum Corporation announced a cash dividend of $0.0500. The company’s management has announced Dec 12, 2016 as the ex-dividend date and fixed the record date on Dec 14, 2016. The payable date has been fixed on Dec 28, 2016.
In a different news, on Nov 15, 2016, John R Gordon (director) sold 7,500 shares at $61.30 per share price. According to the SEC, on Jan 25, 2016, Peter J Fluor (director) purchased 7,527 shares at $30.55 per share price. On Mar 24, 2015, Robert P Daniels (EVP, Intl./Deepwater Expl.) sold 38,449 shares at $80.94 per share price, according to the Form-4 filing with the securities and exchange commission.
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.