Anadarko Petroleum Co. (NYSE:APC) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 7,679,427 shares, a decline of 40.2% from the March 29th total of 12,835,974 shares. Approximately 1.5% of the company’s stock are sold short. Based on an average daily trading volume, of 16,245,678 shares, the days-to-cover ratio is currently 0.5 days.
Shares of NYSE:APC traded down $0.12 during midday trading on Friday, reaching $72.61. The company’s stock had a trading volume of 11,076,217 shares, compared to its average volume of 9,435,111. The company has a market capitalization of $36.59 billion, a price-to-earnings ratio of 32.13, a P/E/G ratio of 4.16 and a beta of 1.83. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.77 and a quick ratio of 0.77. Anadarko Petroleum has a fifty-two week low of $40.40 and a fifty-two week high of $76.70.
Anadarko Petroleum (NYSE:APC) last announced its quarterly earnings data on Thursday, April 25th. The oil and gas development company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.23. Anadarko Petroleum had a return on equity of 10.24% and a net margin of 3.53%. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $2.91 billion. During the same period in the previous year, the business earned $0.52 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. Analysts anticipate that Anadarko Petroleum will post 2.69 EPS for the current year.
A number of institutional investors have recently modified their holdings of APC. IndexIQ Advisors LLC increased its holdings in Anadarko Petroleum by 3.3% during the 1st quarter. IndexIQ Advisors LLC now owns 4,990 shares of the oil and gas development company’s stock worth $227,000 after purchasing an additional 161 shares in the last quarter. Tocqueville Asset Management L.P. increased its holdings in Anadarko Petroleum by 1.0% during the 1st quarter. Tocqueville Asset Management L.P. now owns 17,500 shares of the oil and gas development company’s stock worth $796,000 after purchasing an additional 165 shares in the last quarter. Shine Investment Advisory Services Inc. increased its holdings in Anadarko Petroleum by 35.0% during the 1st quarter. Shine Investment Advisory Services Inc. now owns 675 shares of the oil and gas development company’s stock worth $31,000 after purchasing an additional 175 shares in the last quarter. Moors & Cabot Inc. increased its holdings in Anadarko Petroleum by 2.9% during the 1st quarter. Moors & Cabot Inc. now owns 6,307 shares of the oil and gas development company’s stock worth $287,000 after purchasing an additional 175 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its holdings in Anadarko Petroleum by 0.3% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 62,992 shares of the oil and gas development company’s stock worth $2,865,000 after purchasing an additional 192 shares in the last quarter. 86.53% of the stock is owned by institutional investors and hedge funds.
Several analysts have issued reports on the stock. SunTrust Banks set a $55.00 price target on shares of Anadarko Petroleum and gave the stock a “hold” rating in a research report on Tuesday, January 29th. Credit Suisse Group decreased their target price on Anadarko Petroleum from $73.00 to $67.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 6th. Mitsubishi UFJ Financial Group dropped their price target on Anadarko Petroleum to $70.00 in a report on Thursday, February 7th. Mizuho reissued a “buy” rating and set a $55.00 price target on shares of Anadarko Petroleum in a report on Tuesday, February 12th. Finally, Guggenheim set a $69.00 price target on Anadarko Petroleum and gave the stock a “buy” rating in a report on Friday, February 22nd. One analyst has rated the stock with a sell rating, twenty-one have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $70.14.
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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).
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