Anadarko Petroleum Cut to Sell at TheStreet (APC)

However, Anadarko’s quarterly earnings topped Wall Street estimates, boosted by operational efficiencies and increased sale of higher-margin oil. In the past year, the stock has trended in the range of $69.40 – $113.51. Updates stock with closing price.

Anadarko shares, after plunging 10 percent in the initial after-hours trade, pulled back to end the day’s close at $72.85. Further, net cash provided by operating activities was much higher than earnings at $1.2 billion during the quarter, though thanks to weaker oil and gas prices that was still down substantially from last quarter’s almost $2.5 billion. Year to date, Anadarko has reached agreements to divest more than $1.1 billion in assets, including the recently announced $440 million divestiture of its Bossier natural gas field and associated midstream infrastructure.

APC closed Tuesday at $72.85, up $2.86 or 4.09%, on a volume of 6.2 million shares. The stock’s 50-day moving average price is $78.30 and its 200-day moving average price is $83.22. The company operates approximately 5,800 vertical wells and 750 horizontal wells in the field, with the recent drilling program focused entirely on horizontal development.

Shares of Anadarko Petroleum Corporation (NYSE:APC) ended Monday session in red amid volatile trading.

Anadarko Petroleum (APC – Get Report) shares are up by 4.53% to $76.15 in mid-morning trading on Wednesday, as the stock continues to rise following yesterday’s release of the company’s 2015 second quarter financial results. They noted that the move was a valuation call. The firm’s market capitalization is $38.75 billion. Global Hunter Securities dropped their price target on Anadarko Petroleum from $102.00 to $92.00 in a research note on Tuesday, July 21st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-five have issued a buy rating to the company. Anadarko Petroleum now has a consensus rating of “Buy” and an average target price of $102.83.

Anadarko Petroleum Corporation is an independent exploration and production business. The Firm is engaged in the exploration, development, production, and promotion of natural gas, petroleum, condensate, natural gas liquids (NYSE:APC), and anticipated creation of liquefied natural gas (LNG). Anadarko’s asset portfolio includes positions in onshore resource plays in the Rocky Mountains region, the southern United States, and the Appalachian basin. Oil and gas exploration and production segment explores for and produces natural gas, petroleum, condensate, and NGLs, and strategies for operation and the development of its LNG job. Midstream segment participates in processing, collecting, treating, and transporting oil, natural gas, and NGLs production.