Post-Earnings Research - Anadarko Petroleum

LONDON, November 14, 2014 /PRNewswire/ --

Investor-Edge.com has issued free post-earnings research on Anadarko Petroleum Corp. (NYSE: APC). On October 28, 2014, the company reported its financial results for Q3 FY14 (period ended September 30, 2014). Click on www.investor-edge.com/FreeReports to read our free earnings review on Anadarko Petroleum Corp. (Anadarko). During Q3 FY14, net income attributable to Anadarko's shareholders increased $1.76 per diluted share on a Y-o-Y basis, and on adjusted basis, the company's net income grew $0.04 per diluted share from Q3 FY13. Our free coverage report can be accessed at:

www.investor-edge.com/register

Earnings Overview  

Anadarko's net income attributable to its common stockholders increased to $1,087 million, or $2.12 per diluted share, in Q3 FY14, from $182 million, or $0.36 per diluted share, in Q3 FY13. The company's reported  net income exceeded Bloomberg analysts' forecasts of $665 million, or $1.28 per diluted share. On an adjusted basis, the company reported Q3 FY14 net income of $600 million, or $1.16 per diluted share, compared to $568 million, or $1.12 per diluted share, in Q3 FY13. The free research on APC can be downloaded as in PDF format at:

www.Investor-Edge.com/APCFreeReport

During Q3 FY14, Anadarko's sales volumes of crude oil, natural gas and natural gas liquids reached a record 78 million BOE (Barrel of Oil Equivalent), or an average of 849,000 BOE per day, representing an increase of approximately 105,000 BOE per day on a divestiture-adjusted basis from Q3 FY13. The growth in higher-margin liquids sales volumes significantly improved the overall product mix to 51% liquids in Q3 FY14 versus 43% in Q3 FY13. Anadarko's strong sales volumes were primarily driven by performance in the Wattenberg field, which continued to benefit from the company's significant commitment to midstream expansions and achieved Y-o-Y sales-volume growth of 88,000 BOE per day, averaging 189,000 BOE per day for the quarter. In addition, Anadarko reported significant sales-volume growth in the Eagleford Shale, as well as the Wolfcamp Shale oil opportunity where the company expanded its high-confidence area within its 600,000-gross-acre position.

Commenting on the results, Al Walker, Chairman, President and CEO of Anadarko, stated that the company had another outstanding quarter with liquids sales-volume growth of 35% Y-o-Y on a divestiture-adjusted basis, approximately $1.2 billion of new asset monetizations and enhanced cash margins per barrel. He added that the impressive results from the company's operating activities enable it to increase its 2014 full-year sales-volume expectations for the third time this year, to a new range of 304 million BOE to 306 million BOE. Sign up and read the free analyst's notes on APC at:

www.Investor-Edge.com/APC-14112014

Mr. Walker also mentioned that the company closed more than $2.2 billion of monetizations in the quarter, including its China subsidiary, which demonstrates Anadarko's ongoing commitment to accelerate and enhance value. He informed that the company will continue to actively manage its deep portfolio of assets and evaluate opportunities to bring the embedded value forward for its stakeholders.

Stock Performance  

On the day following the earnings release, October 29, 2014, Anadarko's stock ended the session at $91.32, up 1.07%. Although the stock has moved both ways since then, the losses have outweighed the gains so far. On the last close, Thursday, November 13, 2014, the stock finished at $89.46, down 2.14%, after vacillating between $88.40 and $91.38. A total of 5.39 million shares were traded, which was at par with its three months average volume. The stock has witnessed a gain of 4.94% over the last one month and 12.78% since the beginning of 2014. However, over the last three sessions and over the past three months, the company's shares have declined 3.12% and 16.01%, respectively. Shares in Anadarko closed below its 50-day and 200-day moving averages of $96.91 and $98.15, respectively. Furthermore, the stock traded at a PE ratio of 19.66 and has a Relative Strength Index (RSI) of 46.62. Visit Investor-Edge and access the latest research on APC at:

www.Investor-Edge.com/APCEarningsCoverage

Sneak Peek to Corporate Insider Trading 

In the last one month, there were 24 insider transactions made by 8 individuals. From October 30, 2014 till November 08, 2014, a total of 20,500 shares of the company have been purchased by insiders at an average price of $50.17 per share and at a total value of $1,028,548. During the same time period, a total of 57,805 shares have been sold at an average price of $92.57 per share and at a total consideration of $5,350,864. Some of the insider trading transactions are: on October 30, 2014, James J. Kleckner, Executive VP, International and Deepwater Operations at Anadarko, purchased a total of 13,000 shares at a price of $59.87 per share, and on the same day he sold 10,400 shares at a price of $91.32 per share. On November 04, 2014, John R. Gordon, Director at Anadarko, bought 7,500 shares at a price of $33.37 per share. Meanwhile, on November 05, 2014, R. A. Walker, Chairman, President and CEO at Anadarko, disposed 7,614 shares at a price of $91.32 a share, he also sold 4,187 shares on November 06, 2014 at a price of $93.51 and disposed another 3,789 shares on November 08, 2014, at a price of $94.31 a share. Complimentary in-depth research on APC is available at:

www.Investor-Edge.com/APCInsiderTrading

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