Revenue Update on Anadarko Petroleum Corporation(NYSE:APC)

Anadarko Petroleum Corporation(NYSE:APC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $1.92B. Analysts estimated a revenue of $1.89B. Earnings per share were $-0.60. Analysts had estimated an EPS of $-0.87.

In a different note, CLSA said it Initiates Coverage on Anadarko Petroleum Corporation, according to a research note issued on Jun 22, 2016. The shares have been rated ‘Underperform’ by the firm. On Jun 10, 2016, Piper Jaffray said it Assumes its rating on Anadarko Petroleum Corporation. The shares have been rated ‘Overweight’ by the firm. 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.

Anadarko Petroleum Corporation (APC) made into the market gainers list on Fridays trading session with the shares advancing 2.19% or 1.17 points. Due to strong positive momentum, the stock ended at $54.53, which is also near the day’s high of $54.625. The stock began the session at $52.78 and the volume stood at 53,55,308 shares. The 52-week high of the shares is $78.59 and the 52 week low is $28.16. The company has a current market capitalization of $27,835 M and it has 51,04,57,470 shares in outstanding.

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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