Company Update: Anadarko Petroleum Corporation (NYSE:APC)

[PRNewswire] Anadarko Petroleum Corporation (NYSE:APC) (TREND ANALYSIS), announced 2014 fourth-quarter results, reporting a net loss attributable to common stockholders of $395 million, or $0.78 per share (diluted). These results include certain items typically excluded by the investment community in published estimates. In total, these items decreased net income by $582 million, or $1.15 per share (diluted), on an after-tax basis.(1) Cash flow from operating activities in the fourth quarter of 2014 was $1.952 billion, and discretionary cash flow totaled $2.412 billion.(2)

For the year ended Dec. 31, 2014, Anadarko reported a net loss attributable to common stockholders of $1.750 billion, or $3.47 per share (diluted), which includes a net loss of $4.045 billion associated with the settlement of the Tronox Adversary Proceeding, after tax. Full-year 2014 cash flow from operating activities was $8.466 billion. Discretionary cash flow for the year totaled $9.404 billion.

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Anadarko Petroleum Corp (NYSE:APC) is currently trading 25.8% below its 52-week-high, 18.68% above its 52-week-low. The 1-year range for the stock is $71 – $113.51. The stock price has outperformed the S&P 500 by 1%. APC is currently valued at $42.71 billion and closed the last trading session at $83.07. The stock has a 50-day moving average of $80.54 and a 200-day moving average of $93.51.

Anadarko Petroleum Corp (APC) current short interest stands at 8.51 millions shares. It has increased by 7% from the same period of last month. Around 2% of the company’s shares, which are float, are short sold. With a 10-days average volume of 6.15 millions shares, the number of days required to cover the short positions stand at 1.4 days.

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There are currently thirty-one analysts that cover APC. Of those thirty-one, twenty-five have a Buy rating, six have a Hold rating. On a consensus basis this yields to a Overweight rating. The consensus target price stands at $97.07.

A recent analyst activity consisted of Stifel on December 9. On the date of report, the stock closed at $78.41.

Barclays reiterated their Equal Weight stance on October 30, and decreased their price target from $112 to $107. This corresponds to a 28.81% upside from the last closing price. On the date of report, the stock closed at $89.15.

A third research firm was Global Hunter Securities who upgraded their Accumulate rating to Buy on October 21. Global Hunter Securities decreased price target from $130 to $120. This translates to a 44.46% upside from the last closing price. On the date of report, the stock closed at $91.78.

Company profile

Anadarko Petroleum Corporation (NYSE:APC) is engaged in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Oil and Gas Exploration and Production; Midstream; and Marketing. The company explores for and produces natural gas, crude oil, condensate, and natural gas liquids (NGLs). It also operates and provides gathering, processing, treating, and transportation systems and services. In addition, the company sells oil, natural gas, anticipated liquefied natural gas, and NGLs of third-party purchased volumes. As of December 31, 2013, it had approximately 2.8 billion barrels of oil equivalent of proved reserves.

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