Stifel Nicolaus Downgrades Anadarko Petroleum (NYSE:APC) to Hold

Anadarko Petroleum (NYSE:APC) was downgraded by equities researchers at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued on Tuesday, May 7th, Marketbeat.com reports. They presently have a $76.00 price objective on the oil and gas development company’s stock, up from their prior price objective of $68.00. Stifel Nicolaus’ target price indicates a potential upside of 7.16% from the stock’s previous close.

Several other research analysts also recently commented on the stock. Societe Generale downgraded shares of Anadarko Petroleum from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. Tudor Pickering cut shares of Anadarko Petroleum from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Mitsubishi UFJ Financial Group dropped their target price on shares of Anadarko Petroleum to $70.00 in a report on Thursday, February 7th. Credit Suisse Group dropped their target price on shares of Anadarko Petroleum from $73.00 to $67.00 and set an “outperform” rating on the stock in a report on Wednesday, February 6th. Finally, JPMorgan Chase & Co. cut shares of Anadarko Petroleum from an “overweight” rating to a “neutral” rating and set a $65.00 target price on the stock. in a report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, twenty-three have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $70.25.

APC stock traded down $0.42 during trading on Tuesday, hitting $70.92. The company had a trading volume of 23,297,455 shares, compared to its average volume of 9,557,028. The company has a market capitalization of $35.90 billion, a PE ratio of 31.38, a P/E/G ratio of 4.01 and a beta of 1.83. Anadarko Petroleum has a 52-week low of $40.40 and a 52-week high of $76.70. 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 (NYSE:APC) last posted its quarterly earnings results on Thursday, April 25th. The oil and gas development company reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.23. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $2.91 billion. Anadarko Petroleum had a net margin of 3.53% and a return on equity of 10.24%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 EPS. Sell-side analysts forecast that Anadarko Petroleum will post 2.74 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC raised its position in Anadarko Petroleum by 0.9% during the 3rd quarter. Neuberger Berman Group LLC now owns 589,686 shares of the oil and gas development company’s stock worth $39,750,000 after buying an additional 5,305 shares during the last quarter. Legal & General Group Plc raised its position in Anadarko Petroleum by 0.8% during the 3rd quarter. Legal & General Group Plc now owns 2,258,709 shares of the oil and gas development company’s stock worth $152,245,000 after buying an additional 18,118 shares during the last quarter. Morgan Stanley raised its position in Anadarko Petroleum by 9.4% during the 3rd quarter. Morgan Stanley now owns 1,607,736 shares of the oil and gas development company’s stock worth $108,377,000 after buying an additional 138,238 shares during the last quarter. Belpointe Asset Management LLC purchased a new position in Anadarko Petroleum during the 3rd quarter worth approximately $135,000. Finally, Moody National Bank Trust Division raised its position in Anadarko Petroleum by 0.6% during the 4th quarter. Moody National Bank Trust Division now owns 70,901 shares of the oil and gas development company’s stock worth $3,109,000 after buying an additional 400 shares during the last quarter. Institutional investors own 85.80% of the company’s stock.

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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Analyst Recommendations for Anadarko Petroleum (NYSE:APC)

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