Anadarko Petroleum Corp (NYSE:APC):
Anadarko Announces 2018 Capital Program And Sales-Volume Guidance.
The company is so far trading up from yesterday’s close of 47.61.
Anadarko Petroleum Corporation (Anadarko), launched on June 12, 1985, is an independent exploration and production company. The Company is involved in developing, acquiring, and exploring for oil and natural-gas resources. The Business’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Business’s geographical segments include the United States and International. The Oil and Gas Exploration and Production segment explores for and produces oil, condensate, natural gas and natural gas liquids (NGLs), and focuses on the development and operation of the Business’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. As of December 31, 2016, the Company had approximately 1.7 billion barrels of oil equivalent (BOE) of proved reserves..
Anadarko Petroleum Corp currently has a P/E ratio of N/A and the market cap of the company is 26.19B. In the last earnings report the EPS was $-3.54 with 547.16M shares presently outstanding.
Traders are more bearish on shares of the company if you evaluate the motion in short interest. The stock experienced a rise in short interest from October 13, 2017 to October 31, 2017 of 19.56%. Short interest grew 2,150,134 over that timeframe. The days to cover decreased to 2.0 and the percentage of shorted shares is 0.02% as of October 31.
Brokerage firms have provided guidance on Anadarko Petroleum Corp of late. On November 1 Scotiabank held the company rating at “Buy” with a current price target of $62.00. Stifel Nicolaus lowered the price target on November 1 changing the price objective from $73.00 to $72.00 with a rating of “Buy”.
On October 18 analysts at Morgan Stanley released a research note on APC and giving a rating of “Hold” and setting a price target of $55.00.
Equity analyst Cowen and Company updated its forecast on APC with a rating of “Buy” and a price target of $60.00. Equity analyst Citigroup lowered the price target of the stock on October 13 cutting the projection from $60.00 to $58.00 and stated a “Buy” rating.