Notable Runner: What’s in Anadarko Petroleum Corporation After Making 52-Week High?

Notable Runner: What's in Anadarko Petroleum Corporation After Making 52 Week High?

The stock of Anadarko Petroleum Corporation (NYSE:APC) hit a new 52-week high and has $74.57 target or 7.00% above today’s $69.69 share price. The 6 months bullish chart indicates low risk for the $44.77 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $74.57 price target is reached, the company will be worth $3.13B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1.30M shares traded hands. Anadarko Petroleum Corporation (NYSE:APC) has risen 29.98% since April 28, 2016 and is uptrending. It has outperformed by 24.06% the S&P500.

Analysts await Anadarko Petroleum Corporation (NYSE:APC) to report earnings on February, 6. They expect $-0.46 earnings per share, up 19.30% or $0.11 from last year’s $-0.57 per share. After $-0.89 actual earnings per share reported by Anadarko Petroleum Corporation for the previous quarter, Wall Street now forecasts -48.31% EPS growth.

Anadarko Petroleum Corporation (NYSE:APC) Ratings Coverage

Out of 29 analysts covering Anadarko Petroleum Corporation (NYSE:APC), 23 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 79% are positive. $109 is the highest target while $4 is the lowest. The $73.65 average target is 5.68% above today’s ($69.69) stock price. Anadarko Petroleum Corporation has been the topic of 59 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was initiated on Wednesday, June 8 by Drexel Hamilton. As per Monday, September 14, the company rating was maintained by Citigroup. As per Friday, November 11, the company rating was upgraded by Guggenheim. Deutsche Bank maintained the shares of APC in a report on Thursday, September 15 with “Hold” rating. Zacks downgraded the shares of APC in a report on Friday, August 7 to “Buy” rating. The firm earned “Buy” rating on Tuesday, January 5 by Citigroup. The rating was downgraded by Howard Weil to “Sector Outperform” on Monday, May 16. Barclays Capital maintained Anadarko Petroleum Corporation (NYSE:APC) rating on Tuesday, October 4. Barclays Capital has “Equal Weight” rating and $60 price target. The company was maintained on Tuesday, May 3 by Goldman Sachs. On Wednesday, May 4 the stock rating was downgraded by Alembic to “Neutral”.

According to Zacks Investment Research, “Anadarko Petroleum Corporation is one of the world’s largest independent oil and gas exploration and production companies. Majority of the company’s total proved reserves are located in the U.S., primarily in the mid-continent (Kansas, Oklahoma and Texas) area, offshore in the Gulf of Mexico and in Alaska. Most of the company’s production is domestic and the remainder is from Algeria. The company also owns and operates gas gathering systems in its U.S. core producing areas.”

Insitutional Activity: The institutional sentiment increased to 1.35 in Q2 2016. Its up 0.46, from 0.89 in 2016Q1. The ratio increased, as 64 funds sold all Anadarko Petroleum Corporation shares owned while 252 reduced positions. 50 funds bought stakes while 230 increased positions. They now own 432.86 million shares or 1.84% less from 440.99 million shares in 2016Q1.
Levin Cap Strategies Limited Partnership last reported 1.26% of its portfolio in the stock. Moreover, Baldwin Brothers Ma has 0% invested in Anadarko Petroleum Corporation (NYSE:APC) for 250 shares. Us Bancorporation De has 362,327 shares for 0.07% of their US portfolio. Loews holds 0.01% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC) for 12,050 shares. Brown Advisory Lc has 8,563 shares for 0.14% of their US portfolio. Axa reported 131,229 shares or 0.03% of all its holdings. Wealthfront Inc accumulated 0.02% or 11,024 shares. King Luther Mgmt has 0.08% invested in the company for 147,483 shares. Focused Wealth Management Inc has 0.01% invested in the company for 254 shares. Ntv Asset Mgmt Ltd Co reported 11,350 shares or 0.16% of all its holdings. Pinebridge Invs Ltd Partnership has 76,662 shares for 0.21% of their US portfolio. Moreover, Taurus Asset Management Ltd Liability Corp has 0.25% invested in Anadarko Petroleum Corporation (NYSE:APC) for 27,116 shares. Css Ltd Liability Company Il last reported 0.01% of its portfolio in the stock. Wright Incorporated, a Connecticut-based fund reported 4,890 shares. Rocky Mountain Advisers Lc holds 250 shares or 0.07% of its portfolio.

Insider Transactions: Since November 10, 2016, the stock had 0 buys, and 1 insider sale for $459,750 net activity. $459,750 worth of shares were sold by GORDON JOHN R on Thursday, November 10.

APC Company Profile

Anadarko Petroleum Corporation (Anadarko), incorporated on June 12, 1985, is an independent exploration and production company. The Firm is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s divisions include Oil and Gas Exploration & Production; Midstream, and Marketing. The Oil and Gas Exploration & Production segment explores for and produces oil, condensate, natural gas and natural gas liquids (NGLs), and focuses on the development and operation of the Company’s liquefied natural gas (LNG) project in Mozambique. The Midstream segment engages in gathering, processing, treating and transporting Anadarko and third-party oil, natural-gas and NGLs production. The Marketing segment sells Anadarko’s oil, natural-gas and NGLs production, as well as third-party purchased volumes. The Firm has approximately 2.1 billion barrels of oil equivalent (BOE) of proved reserves.

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