Zacks Research Downgrades Anadarko Petroleum (NASDAQ:APC) to Strong Sell

Anadarko Petroleum (NASDAQ:APC) was downgraded by equities 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 brokerages have also recently weighed in on APC. Mizuho boosted their price target on Anadarko Petroleum from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. Weiss Ratings started coverage on Anadarko Petroleum in a report on Thursday, May 28th. They set a “sell (e)” rating on the stock. Finally, UBS Group cut their price objective on Anadarko Petroleum from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $21.80.

Anadarko Petroleum Stock Performance

Shares of APC opened at $18.79 on Tuesday. The firm has a market cap of $236.19 million and a price-to-earnings ratio of 27.23. The company’s fifty day moving average is $19.56 and its 200-day moving average is $24.83. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 1.09. Anadarko Petroleum has a 12 month low of $17.00 and a 12 month high of $21.72.

Anadarko Petroleum (NASDAQ:APC) last released its quarterly earnings data on Thursday, August 6th. The oil and gas development company reported $0.26 earnings per share (EPS) 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 firm’s revenue for the quarter was up 27.4% compared to the same quarter last year. Equities analysts expect that Anadarko Petroleum will post 0.95 EPS for the current fiscal year.

About Anadarko Petroleum

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.