Piper Jaffray Companies Reiterates Buy Rating for Anadarko Petroleum (APC)

Mae Love
January 12, 2018

It has underperformed by 26.03% the S&P500.

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of gas and oil properties. Whittier, California-based fund reported 11,966 shares. With 62,900 avg volume, 1 days are for Enviva Partners LP (NYSE:EVA)'s short sellers to cover EVA's short positions.

Looking into last 5 trades, the stock observed a return of nearly 3.26%. About 34,592 shares traded. It has outperformed by 45.78% the S&P500.

Analysts have given a mean recommendation of 1.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 82% are positive. Anadarko Petroleum Corporation had 118 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Thursday, September 28 with "Buy". The firm has "Hold" rating given on Thursday, September 15 by Deutsche Bank. Finally, Barclays increased their target price on Anadarko Petroleum from $37.00 to $39.00 and gave the stock an underweight rating in a report on Monday, November 20th. Credit Suisse Group started coverage on Anadarko Petroleum in a research report on Monday, December 11th. The firm earned "Overweight" rating on Thursday, December 21 by PiperJaffray. This buyback authorization allows the oil and gas development company to purchase up to 10% of its stock through open market purchases. The stock has a consensus rating of "Buy" and a consensus target price of $65.00. The firm has "Overweight" rating given on Wednesday, November 1 by JP Morgan.

Carmignac Gestion decreased Amazon.Com Inc (NASDAQ:AMZN) stake by 114,504 shares to 227,833 valued at $219.03 million in 2017Q3. (NASDAQ:DAKT). Ameritas Inv Prns Inc invested in 0% or 2,960 shares. Leavell Mgmt Inc has invested 0.06% of its portfolio in Alleghany Corporation (NYSE:Y). (NASDAQ:CDNS) by 0.22% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Its up 0.02, from 0.82 in 2017Q2. It increased, as 54 investors sold Anadarko Petroleum Corporation shares while 267 reduced holdings. 66 funds opened positions while 235 raised stakes.

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Sell-side analyst recommendations point to a short term price target of $61.42 on the shares of Anadarko Petroleum Corporation (APC). Cowen set a $60.00 target price on Anadarko Petroleum and gave the stock a buy rating in a report on Monday, October 16th. Anadarko Petroleum's dividend payout ratio (DPR) is presently -5.65%. Kistler reported 425 shares stake. Envestnet Asset Management Inc accumulated 16,231 shares or 0% of the stock. 2,200 are held by Stelac Advisory Limited Liability. Johnson Gp Inc has 0% invested in Anadarko Petroleum Corporation (NYSE:APC) for 225 shares. The Return on Investment (ROI) ratio of Anadarko Petroleum Corporation (APC) is -6.3 percent. The Texas-based Hbk Invests LP has invested 0.3% in Anadarko Petroleum Corporation (NYSE:APC). Overall, the share price is up 3.84% year to date. Whittier Communication holds 0.02% or 11,966 shares in its portfolio. Smithfield Tru stated it has 3,400 shares or 0.02% of all its holdings. Cambridge Invest Rech Advsrs Inc stated it has 0.01% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC).

Several other institutional investors have also bought shares of the company. Finally, GAM Holding AG raised its position in shares of Anadarko Petroleum Corporation by 1.3% in the second quarter. The firm has a market cap of $30,320.00, a PE ratio of -15.65 and a beta of 1.38. It also offers water for public and private fire protection to clients in its service territories.

Investors sentiment increased to 1.14 in 2017 Q3. Its up 0.02, from 0.82 in 2017Q2. It also reduced its holding in Biogen Inc (NASDAQ:BIIB) by 3,170 shares in the quarter, leaving it with 35,065 shares, and cut its stake in Eaton Corp Plc (NYSE:ETN). It has ditched 7.27 million shares. Karp Capital Management Corp owns 81,866 shares or 0.56% of their United States portfolio. Mcclain Value Management Llc who had been investing in Alleghany Corp for a number of months, seems to be bullish on the $8.94B market cap company. Sg Americas Securities Limited Liability Corp has invested 0% in Artesian Resources Corporation (NASDAQ:ARTNA). Mai Capital Mgmt holds 4,738 shares. Perigon Wealth Lc holds 0.06% or 4,000 shares. Pennsylvania-based Sei Invests has invested 0.06% in Anadarko Petroleum Corporation (NYSE:APC). Manufacturers Life Insurance Commerce The holds 7,334 shares or 0% of its portfolio. Thrivent For Lutherans invested in 699,482 shares or 0.12% of the stock. Parthenon Limited reported 289,835 shares. State Board Of Administration Of Florida Retirement Sys has 40,557 shares for 0% of their portfolio. Therefore 80% are positive. The rating was downgraded by Hilliard Lyons on Wednesday, October 21 to "Underperform". The count of Hold ratings in that period was 19. On Wednesday, November 25 the stock rating was maintained by Argus Research with "Buy".

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