Economy

Anadarko Petroleum to buy back shares worth $2.5 bln

Anadarko Petroleum to buy back shares worth $2.5 bln”

Veritable LP has 0.05% invested in Anadarko Petroleum Corporation (NYSE:APC) for 26,580 shares. Cowen and Company now has a $60.00 price objective on the oil and gas development company's stock.

A number of other research analysts have also weighed in on the company. Welch Forbes Limited Liability Com invested 0.14% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC). They set a positive rating and a $60.00 price target on the stock.

Anadarko, like many US oil producers, has seen its stock languish in 2017 as crude prices have stayed at or below $50 per barrel, depressing profits. BidaskClub lowered Anadarko Petroleum Corporation from a sell rating to a strong sell rating in a research note on Thursday, June 22nd. Stifel Nicolaus reiterated a "buy" rating and issued a $79.00 target price on shares of Anadarko Petroleum Corporation in a report on Friday, May 26th. The stock boasts a consensus analyst "Buy" rating with the consensus recommendation standing at 1.90. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period.

Anadarko Petroleum Corporation (APC) opened at 43.76 on Friday.

The company had $6 billion in cash as of June 30. The Firm provides midstream services for Anadarko Petroleum Corporation (Anadarko), as well as for third-party producers and customers.

Moving average indicators are used widely for stock analysis.

Anadarko Petroleum Corporation (NYSE:APC) last posted its earnings results on Monday, July 24th. Anadarko Petroleum Corporation had a negative return on equity of 9.71% and a negative net margin of 19.31%. Barclays Capital maintained Anadarko Petroleum Corporation (NYSE:APC) on Tuesday, October 4 with "Equal Weight" rating. The stock of Anadarko Petroleum Corporation (NYSE:APC) has "Buy" rating given on Wednesday, June 8 by Drexel Hamilton. If you are viewing this report on another publication, it was stolen and republished in violation of United States & global copyright and trademark laws. The legal version of this report can be viewed at https://www.equitiesfocus.com/2017/09/20/anadarko-petroleum-corporation-apc-earns-buy-rating-from-cowen-and-company.html. Citigroup maintained it with "Buy" rating and $68 target in Tuesday, September 13 report. This represents a $0.20 annualized dividend and a yield of 0.46%.

Anadarko Petroleum Corp 7.5 Un (AEUA) presently has a 14-day Commodity Channel Index (CCI) of 152.06.

Institutional investors have recently made changes to their positions in the company.

Anadarko Petroleum Corp said on Wednesday that its board had authorized a $2.5 billion share repurchase program through 2018. Mitsubishi UFJ Trust & Banking Corp now owns 1,121,709 shares of the oil and gas development company's stock valued at $50,858,000 after acquiring an additional 17,411 shares in the last quarter. Utah Retirement has 0.18% invested in Anadarko Petroleum Corporation (NYSE:APC) for 102,335 shares. The hedge fund run by Vince Maddi held 531,160 shares of the oil & gas production company at the end of 2016Q4, valued at $37.04 million, down from 653,996 at the end of the previous reported quarter. It also increased its holding in Rpc Inc (NYSE:RES) by 235,700 shares in the quarter, for a total of 871,835 shares, and has risen its stake in Trinseo S A (NYSE:TSE). Stelliam Investment Management Lp sold 1.23 million shares as Anadarko Pete Corp (APC)'s stock declined 20.17%. Cipher Capital LP grew its stake in shares of Anadarko Petroleum Corporation by 364.8% during the second quarter. Franklin Resources Inc. now owns 14,394,958 shares of the oil and gas development company's stock valued at $652,661,000 after buying an additional 7,428,741 shares during the period. Finally, Quantitative Investment Management LLC grew its stake in shares of Anadarko Petroleum Corporation by 1,683.1% during the first quarter. South Dakota Investment Council now owns 865,574 shares of the oil and gas development company's stock valued at $39,245,000 after buying an additional 300,910 shares during the period. Many investors opt to follow what covering sell-side analysts think about certain stocks. Anadarko Petroleum Corp 7.5 Un (AEUA)'s Williams Percent Range or 14 day Williams %R presently is at -27.47. The oil and gas development company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.42). The Firm is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, natural gas liquids (NGLs) and crude oil in the United States. The Company's geographical segments include the United States and global.



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