Anadarko Petroleum Corporation (NYSE:APC) shares were down -1.68% on Wednesday when approximately 6.30M shares were traded, against the average daily trading volume of 3.49M. Analysts at Credit Agricole recently upgraded the stock to Underperform from Buy. Anadarko Petroleum Corporation (NYSE:APC) has a consensus Strong buy rating, according to Zacks Investment Research. No analyst has rated the stock with a sell rating, 6 have assigned a hold rating, 1 says it’s a buy, and 17 have assigned a strong buy rating to the company.
Analysts have a consensus target price of $80.39 in the 12-month period. The price objective is 17.60% higher than the recent closing price of $68.36. The 52-week price range is $33.73-$73.33 and the company has a market capitalization of $38.21 billion.
Anadarko Petroleum Corporation (APC) on February 1, 2017 announced 2016 fourth-quarter results, reporting a net loss attributable to common stockholders of $515 million, or $0.94 per share (diluted). These results include certain items typically excluded by the investment community in published estimates. In total, these items increased the net loss by $243 million, or $0.44 per share (diluted), on an after-tax basis. Net cash provided by operating activities in the fourth quarter of 2016 was $1.12 billion.
For the year ended Dec. 31, 2016, Anadarko reported a net loss attributable to common stockholders of $3.07 billion, or $5.90 per share (diluted). Full-year 2016 net cash provided by operating activities totaled $3.00 billion.
- Surpassed initial sales-volume expectations by 11 million barrels of oil equivalent (BOE) on a same-store-sales basis, while keeping capital investments within initial guidance
- Closed more than $4.0 billion of monetizations in 2016, with an additional $3.5 billion of announced divestitures, which are expected to close in the first quarter of 2017
- Achieved operating milestones including production records at Lucius, Caesar/Tonga and in the Delaware and DJ basins, as well as first oil at Heidelberg and TEN
- Closed the immediately accretive Freeport-McMoRan deepwater Gulf of Mexico acquisition
- Increased the expected five-year compounded annual oil growth rate to 12 to 14 percent
“Our employees did outstanding work over the past year to overcome the prolonged market challenges and sharpen the company’s competitive focus going forward,” said Al Walker, Anadarko Chairman, President and CEO. “As a result of these actions, we have a stronger balance sheet, an improved cost structure, and a more concentrated portfolio focused on higher-margin oil production provided by our leading positions in the Delaware and DJ basins and the deepwater Gulf of Mexico. These accomplishments, along with our monetization activities, the cash-generating capabilities of our international operations, a successful exploration program, and the acquisition of Freeport-McMoRan’s Gulf of Mexico properties, have created strong momentum going into 2017. We are already increasing investments in our three ‘Ds’ to drive a five-year compounded annual oil growth rate of 12 to 14 percent, and I believe Anadarko is in a better position to deliver value than at any time in my tenure with the company.”