How Will Anadarko Petroleum (NYSE:APC) Stock React To New Rating Coverage bySunTrust Robinson Humphrey?

May 18, 2018 - By Donald McKee

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 improved, 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.

Sg Americas Secs Ltd Liability Company has 0.04% invested in Anadarko Petroleum Corporation (NYSE:APC). Knott David M owns 80,760 shares or 1.72% of their US portfolio. 44,030 are held by Management Of Virginia Ltd Liability Corp. Jennison Associate Ltd has invested 0.1% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC). Mitsubishi Ufj Trust Banking Corporation invested 0.11% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC). Mitchell holds 635,198 shares. Atlantic Grp Ltd Liability Corporation has invested 0.27% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC). Moreover, Stevens Mngmt Limited Partnership has 0.77% invested in Anadarko Petroleum Corporation (NYSE:APC) for 367,709 shares. Cullen Frost Bankers invested in 9,151 shares or 0.02% of the stock. Parallax Volatility Advisers L P accumulated 12,800 shares or 0% of the stock. Howe & Rusling, a New York-based fund reported 50 shares. Cna Corp owns 18,660 shares. Moreover, Teacher Retirement Of Texas has 0.05% invested in Anadarko Petroleum Corporation (NYSE:APC). First Bank & Trust invested in 0.07% or 17,100 shares. Shine Advisory Ser holds 0.04% or 1,384 shares in its portfolio.

Why Has SunTrust Robinson Humphrey Given Anadarko Petroleum (NYSE:APC) a $70 Price Target

Professional analysts at SunTrust Robinson Humphrey issued a key “Hold” rating for Anadarko Petroleum (NYSE:APC). The firm has initiated coverage in analysts note revealed to investors and clients on 18 May. The target price per share indicates downside of -1.60 % from the last stock close.

Anadarko Petroleum Corporation (NYSE:APC) Ratings Coverage

Among 15 analysts covering Anadarko Petroleum (NYSE:APC), 12 have Buy rating, 1 Sell and 2 Hold. Therefore 80% are positive. Anadarko Petroleum has $8500 highest and $39 lowest target. $69.15’s average target is -2.80% below currents $71.14 stock price. Anadarko Petroleum had 34 analyst reports since November 20, 2017 according to SRatingsIntel. Stifel Nicolaus maintained it with “Buy” rating and $76.0 target in Wednesday, February 7 report. The rating was reinitiated by PiperJaffray with “Overweight” on Thursday, December 21. As per Thursday, December 21, the company rating was maintained by Barclays Capital. The stock of Anadarko Petroleum Corporation (NYSE:APC) earned “Neutral” rating by Citigroup on Wednesday, January 3. The stock of Anadarko Petroleum Corporation (NYSE:APC) has “Buy” rating given on Wednesday, May 2 by Stifel Nicolaus. The firm earned “Buy” rating on Wednesday, April 18 by Piper Jaffray. The stock has “Buy” rating by Piper Jaffray on Thursday, December 21. As per Wednesday, April 25, the company rating was maintained by Jefferies. The firm earned “Equal-Weight” rating on Wednesday, January 24 by Morgan Stanley. The rating was maintained by Cowen & Co with “Buy” on Thursday, January 18.

The stock increased 1.17% or $0.82 during the last trading session, reaching $71.14. About 3.87M shares traded. Anadarko Petroleum Corporation (NYSE:APC) has risen 1.43% since May 18, 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 EPS, up 164.94 % or $1.27 from last year’s $-0.77 per share. APC’s profit will be $257.54 million for 35.57 P/E if the $0.50 EPS becomes a reality. After $0.52 actual EPS reported by Anadarko Petroleum Corporation for the previous quarter, Wall Street now forecasts -3.85 % negative EPS growth.

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of gas and oil properties. The company has market cap of $36.64 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 .

More important recent Anadarko Petroleum Corporation (NYSE:APC) news were published by: Seekingalpha.com which released: “Oakmark Equity And Income Fund: Q1 2018” on April 23, 2018, also Bizjournals.com published article titled: “Anadarko to spend up to $4.5 billion in 2018”, Seekingalpha.com published: “Point72 adds heavy in WYNN, AVGO; trims CMCSA, APC, MU” on May 15, 2018. More interesting news about Anadarko Petroleum Corporation (NYSE:APC) was released by: Seekingalpha.com and their article: “Anadarko: Don’t Sell Yet” with publication date: May 15, 2018.

Anadarko Petroleum Corporation (NYSE:APC) Institutional Positions Chart

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