Anadarko Petroleum (APC) is Upgraded by Citigroup to Buy

Anadarko Petroleum (APC) is Upgraded by Citigroup to Buy , according to the research report released to the investors. Earlier the firm had a rating of Neutral on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-5-2016.

Anadarko Petroleum Corporation has dropped 19.91% during the last 3-month period . Year-to-Date the stock performance stands at -40.22%.The company shares have dropped -41.21% from its 1 Year high price. On Apr 20, 2015, the shares registered one year high at $95.94 and the one year low was seen on Dec 21, 2015. The 50-Day Moving Average price is $54.72 and the 200 Day Moving Average price is recorded at $67.58.

Anadarko Petroleum Corporation (NYSE:APC) has lost 5.15% during the past week and dropped 14.49% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 4.36%. Anadarko Petroleum Corporation (NYSE:APC) has underperformed the index by 12.49% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Anadarko Petroleum Corporation (NYSE:APC) : On Thursday heightened volatility was witnessed in Anadarko Petroleum Corporation (NYSE:APC) which led to swings in the share price. The shares opened for trading at $48.22 and hit $49.05 on the upside , eventually ending the session at $48.58, with a gain of 0.41% or 0.2 points. The heightened volatility saw the trading volume jump to 3,672,312 shares. The 52-week high of the share price is $95.94 and the company has a market cap of $24,686 million. The 52-week low of the share price is at $44.5 .

Currently the company Insiders own 0.53% of Anadarko Petroleum Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 168.02% . Institutional Investors own 85.25% of Anadarko Petroleum Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 168.02%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Fluor Peter J, director of Anadarko Petroleum Corp had purchased 50,000 shares on November 13, 2015 in a transaction. The price per share was $60.81 and the total amount of the disclosed transaction was $3,040,500.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. As of December 31, 2011, the Company had over 2.5 billion barrels of oil equivalent (BOE) of proved reserves. Anadarkos asset portfolio includes positions in onshore resource plays in the Rocky Mountains region, the southern United States, and the Appalachian basin. The Company is also independent producers in the deepwater Gulf of Mexico, and has production and exploration activities globally, including positions in high-potential basins located in East and West Africa, Algeria, China, Alaska, and New Zealand. The Company operates in three segments: Oil and gas exploration and production, Midstream, and Marketing. In August 2012, Western Gas Partners, LP acquired an additional 24% membership interest in Chipeta Processing LLC from Anadarko.