Trade Report: The Anadarko Petroleum Corp. (APC) Upgrade to “Outperform” at Credit Suisse Group AG

The Anadarko Petroleum Corp. (APC) Upgrade to “Outperform” at Credit Suisse Group AG

Anadarko Petroleum Corp. (NYSE:APC) was upgraded by Credit Suisse Group AG from a “neutral” rating to an “outperform” rating in a research note issued on Wednesday. The brokerage currently has a $77.00 price objective on the oil and gas development company’s stock, up from their previous price objective of $70.00. Credit Suisse Group AG’s price objective would indicate a potential upside of 20.78% from the company’s previous close.

Several other research firms also recently weighed in on APC. BMO Capital Markets reiterated a “hold” rating on shares of Anadarko Petroleum Corp. in a research note on Wednesday, July 6th. Zacks Investment Research upgraded shares of Anadarko Petroleum Corp. from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Tuesday, July 12th. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $68.00 target price (up previously from $67.00) on shares of Anadarko Petroleum Corp. in a research note on Thursday, July 28th. Royal Bank Of Canada lifted their target price on shares of Anadarko Petroleum Corp. from $66.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 13th. Finally, reiterated an “underperform” rating and issued a $68.00 target price on shares of Anadarko Petroleum Corp. in a research note on Thursday, July 28th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. Anadarko Petroleum Corp. currently has a consensus rating of “Buy” and a consensus target price of $68.48.

Anadarko Petroleum Corp. (NYSE:APC) traded down 1.92% during trading on Wednesday, reaching $63.75. 2,425,416 shares of the company were exchanged. Anadarko Petroleum Corp. has a one year low of $28.16 and a one year high of $65.47. The firm’s 50-day moving average is $62.13 and its 200 day moving average is $56.54. The company’s market capitalization is $35.63 billion.

Anadarko Petroleum Corp. (NYSE:APC) last posted its quarterly earnings data on Monday, October 31st. The oil and gas development company reported ($0.89) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.54) by $0.35. Anadarko Petroleum Corp. had a negative return on equity of 10.73% and a negative net margin of 50.51%. The company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter last year, the business posted ($0.72) EPS. The business’s quarterly revenue was up 12.1% on a year-over-year basis. On average, analysts anticipate that Anadarko Petroleum Corp. will post ($3.05) EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 28th. Shareholders of record on Wednesday, December 14th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend is Monday, December 12th. Anadarko Petroleum Corp.’s dividend payout ratio is currently -2.68%.

Institutional investors have recently bought and sold shares of the stock. Argentus Capital Management LLC bought a new position in Anadarko Petroleum Corp. during the third quarter valued at about $121,000. Global X Management Co. LLC boosted its position in Anadarko Petroleum Corp. by 182.7% in the third quarter. Global X Management Co. LLC now owns 1,914 shares of the oil and gas development company’s stock valued at $121,000 after buying an additional 1,237 shares in the last quarter. Financial Architects Inc boosted its position in Anadarko Petroleum Corp. by 90.9% in the second quarter. Financial Architects Inc now owns 1,995 shares of the oil and gas development company’s stock valued at $107,000 after buying an additional 950 shares in the last quarter. Kanaly Trust Co boosted its position in Anadarko Petroleum Corp. by 44.2% in the second quarter. Kanaly Trust Co now owns 2,004 shares of the oil and gas development company’s stock valued at $107,000 after buying an additional 614 shares in the last quarter. Finally, Security National Trust Co. boosted its position in Anadarko Petroleum Corp. by 4.9% in the second quarter. Security National Trust Co. now owns 2,138 shares of the oil and gas development company’s stock valued at $114,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

Anadarko Petroleum Corp. Company Profile

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