Is Anadarko Petroleum Corporation (APC) a Buy? The Stock Reaches 52-Week High Today

May 22, 2018 - By Ash

Anadarko Petroleum Corporation (NYSE:APC) Logo

Investors sentiment increased to 0.88 in Q4 2017. Its up 0.04, from 0.84 in 2017Q3. It increased, as 60 investors sold Anadarko Petroleum Corporation shares while 255 reduced holdings. 91 funds opened positions while 187 raised stakes. 454.79 million shares or 2.87% less from 468.24 million shares in 2017Q3 were reported.
Folger Nolan Fleming Douglas Mgmt Incorporated holds 0.04% in Anadarko Petroleum Corporation (NYSE:APC) or 5,634 shares. Nikko Asset Mngmt Americas owns 407,436 shares or 0.57% of their US portfolio. Moreover, Victory Capital Management has 0% invested in Anadarko Petroleum Corporation (NYSE:APC) for 8,649 shares. 307,025 are held by Aviva Pcl. 6.40 million are owned by Adage Prtnrs Grp Inc Limited Liability Corp. Meag Munich Ergo Kapitalanlagegesellschaft Mbh stated it has 26,835 shares or 0.06% of all its holdings. Louisiana State Employees Retirement invested 0.08% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC). Virtus Inv Advisers has invested 0.03% in Anadarko Petroleum Corporation (NYSE:APC). Robeco Institutional Asset Mgmt Bv reported 18,269 shares. Brown Brothers Harriman & owns 0.01% invested in Anadarko Petroleum Corporation (NYSE:APC) for 34,476 shares. Jennison Associate Ltd Liability Co owns 0.1% invested in Anadarko Petroleum Corporation (NYSE:APC) for 1.87M shares. Benin Mngmt holds 0.17% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC) for 7,707 shares. Gabelli Funds Ltd Liability Co holds 600,100 shares. Schwab Charles Invest Management Inc stated it has 2.17M shares. Yhb Advisors reported 18,825 shares.

The stock of Anadarko Petroleum Corporation (NYSE:APC) hit a new 52-week high and has $74.87 target or 4.00 % above today’s $71.99 share price. The 9 months bullish chart indicates low risk for the $37.08 billion company. The 1-year high was reported on May, 22 by Barchart.com. If the $74.87 price target is reached, the company will be worth $1.48B 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.

The stock increased 0.39% or $0.28 during the last trading session, reaching $71.99. About 532,267 shares traded. Anadarko Petroleum Corporation (NYSE:APC) has risen 1.43% since May 22, 2017 and is uptrending. It has underperformed by 10.12% the S&P500.

Analysts await Anadarko Petroleum Corporation (NYSE:APC) to report earnings on July, 23. They expect $0.50 earnings per share, up 164.94 % or $1.27 from last year’s $-0.77 per share. APC’s profit will be $257.54M for 36.00 P/E if the $0.50 EPS becomes a reality. After $0.52 actual earnings per share reported by Anadarko Petroleum Corporation for the previous quarter, Wall Street now forecasts -3.85 % negative EPS growth.

Anadarko Petroleum Corporation (NYSE:APC) Ratings Coverage

Among 16 analysts covering Anadarko Petroleum (NYSE:APC), 12 have Buy rating, 1 Sell and 3 Hold. Therefore 75% are positive. Anadarko Petroleum has $8500 highest and $42.0 lowest target. $69.21’s average target is -3.86% below currents $71.99 stock price. Anadarko Petroleum had 34 analyst reports since December 11, 2017 according to SRatingsIntel. The rating was maintained by Jefferies on Monday, March 19 with “Buy”. Seaport Global upgraded the stock to “Buy” rating in Tuesday, December 19 report. On Tuesday, January 23 the stock rating was maintained by Credit Suisse with “Buy”. RBC Capital Markets maintained it with “Buy” rating and $63.0 target in Wednesday, December 20 report. The stock has “Sell” rating by Barclays Capital on Thursday, December 21. Susquehanna maintained Anadarko Petroleum Corporation (NYSE:APC) rating on Thursday, April 19. Susquehanna has “Buy” rating and $8500 target. The firm has “Buy” rating by Piper Jaffray given on Wednesday, March 14. The rating was maintained by Jefferies with “Buy” on Wednesday, February 7. The rating was maintained by Morgan Stanley on Wednesday, January 24 with “Equal-Weight”. The firm has “Outperform” rating by BMO Capital Markets given on Thursday, February 8.

More notable recent Anadarko Petroleum Corporation (NYSE:APC) news were published by: Seekingalpha.com which released: “Anadarko Petroleum’s Colombian Ambitions” on April 25, 2018, also Seekingalpha.com with their article: “Anadarko: Don’t Sell Yet” published on May 15, 2018, Bizjournals.com published: “5 things to know in Texas energy this week” on May 21, 2018. More interesting news about Anadarko Petroleum Corporation (NYSE:APC) were released by: Seekingalpha.com and their article: “Oakmark Equity And Income Fund: Q1 2018” published on April 23, 2018 as well as Streetinsider.com‘s news article titled: “Anadarko Petroleum (APC) Appoints Mitchell W. Ingram EVP, International, Deepwater & Exploration” with publication date: May 21, 2018.

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of gas and oil properties. The company has market cap of $37.08 billion. It operates through three divisions: Oil and Gas Exploration and Production, Midstream, and Marketing. It currently has negative earnings. The Oil and Gas Exploration and Production segment explores for and produces oil, natural gas, and natural gas liquids .

Anadarko Petroleum Corporation (NYSE:APC) Institutional Positions Chart

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