Anadarko Petroleum (NASDAQ:APC – Get Free Report) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.
A number of other analysts have also commented on the company. Mizuho lifted their price target on Anadarko Petroleum from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. UBS Group decreased their target price on Anadarko Petroleum from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Weiss Ratings began coverage on shares of Anadarko Petroleum in a report on Thursday, May 28th. They issued a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $21.80.
Anadarko Petroleum Stock Performance
Anadarko Petroleum (NASDAQ:APC – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The oil and gas development company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.10). The company had revenue of $1.84 billion for the quarter. The company’s revenue was up 27.4% on a year-over-year basis. As a group, equities research analysts predict that Anadarko Petroleum will post 0.95 EPS for the current fiscal year.
Anadarko Petroleum Company Profile
Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Exploration and Production, WES Midstream, and Other Midstream. The company explores for and produces oil, natural gas, and natural gas liquids (NGLs). It is also involved in gathering, processing, treating, and transporting oil, natural-gas, and NGLs production, as well as the gathering and disposal of produced water. The company's oil and natural gas properties are located in the United States onshore and deepwater Gulf of Mexico; and Algeria, Ghana, Mozambique, Colombia, Peru, and other countries.
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