Piper Jaffray Assumes Anadarko Petroleum Corporation to Overweight

Brokerage firm Piper Jaffray Assumes its rating on Anadarko Petroleum Corporation(NYSE:APC). The shares have been rated Overweight. The rating by Piper Jaffray was issued on Jun 10, 2016.

In a different note, Drexel Hamilton said it Initiates Coverage on Anadarko Petroleum Corporation, according to a research note issued on Jun 8, 2016. The shares have been rated ‘Buy’ by the firm. On May 4, 2016, Alembic Global Advisors said it Downgrades its rating on Anadarko Petroleum Corporation. The shares have been rated ‘Neutral’ by the firm. On May 4, 2016, Credit Suisse said it Downgrades its rating on Anadarko Petroleum Corporation. The shares have been rated ‘Neutral’ by the firm. On May 3, 2016, Goldman Sachs said it Maintains its rating on Anadarko Petroleum Corporation. In the research note, the firm Raises the price-target to $58.00 per share. The shares have been rated ‘Buy’ by the firm. On May 3, 2016, Nomura said it Maintains its rating on Anadarko Petroleum Corporation. In the research note, the firm Raises the price-target to $60.00 per share. The shares have been rated ‘Buy’ by the firm. On Apr 15, 2016, JP Morgan said it Upgrades its rating on Anadarko Petroleum Corporation. In the research note, the firm Lowers the price-target to $8.00 per share. The shares have been rated ‘Overweight’ by the firm.

Anadarko Petroleum Corporation (APC) shares turned negative on Wednesdays trading session with the shares closing down -0.32 points or -0.60% at a volume of 29,55,006. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $54.2399. The peak price level was also seen at $54.2399 while the days lowest was $52.75. Finally the shares closed at $53.38. The 52-week high of the shares is $84.71 while the 52-week low is $28.16. According to the latest information available, the market cap of the company is $27,247 M.

Anadarko Petroleum Corporation(APC) last announced its earnings results on May 2, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.67B. Analysts had an estimated revenue of $1.83B. Earnings per share were $-1.12. Analysts had estimated an EPS of $-1.15.

Several Insider Transactions has been reported to the SEC. On Jan 25, 2016, Peter J Fluor (director) purchased 7,527 shares at $30.55 per share price.Also, On Mar 24, 2015, Robert P Daniels (EVP, Intl./Deepwater Expl.) sold 38,449 shares at $80.94 per share price.

Anadarko Petroleum Corporation is an independent exploration and production company. The Company is engaged in the exploration development production and marketing of natural gas oil condensate natural gas liquids (NGLs) and anticipated production of liquefied natural gas (LNG). Its assets include United States onshore resource plays in the Rocky Mountains area the southern United States the Appalachian basin and Alaska. The Company has three segments: Oil and gas exploration and production Midstream and Marketing. Oil and gas exploration and production segment explores for and produces natural gas oil condensate and NGLs and plans for the development and operation of its LNG project. Midstream segment engages in gathering processing treating and transporting oil natural-gas and NGLs production. Marketing segment sells oil natural-gas and NGLs production. The Company is also an independent producer in the deepwater Gulf of Mexico.

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