Anadarko Trades below Its 50- and 200-Day Moving Averages


Jan. 8 2016, Updated 3:22 p.m. ET

Anadarko Petroleum’s moving averages

Anadarko Petroleum (APC) crossed over its 50-day moving average several times in 2015, albeit for short durations. It crossed over its 50-day moving average twice in the first half of the year. It also crossed over its 200-day moving average, a strong upside resistance, during 1H15.

Since May, however, APC has fallen rapidly. It fell below its 50-day moving average for an extended period. APC again broke above its 50-day moving average in October 2015, but again wasn’t able to sustain those levels for long. On January 6, 2016, Anadarko was trading ~24% below its 50-day moving average.

On January 6, 2016, APC was trading ~40% below its 200-day moving average.

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APC’s stock movements

As crude oil prices rapidly started falling in 3Q15, so did Anadarko’s stock. Crude oil prices have fallen to their lowest levels since February 2009, falling below $40 per barrel. As of January 6, 2016, APC’s stock has fallen 42%, year-over-year.

A quick earnings review of APC

Anadarko Petroleum reported a 3Q15 adjusted net loss of $358 million. This compares to its adjusted net income of $600 million in 3Q14.

Many upstream companies have been hit by weak crude and natural gas prices in 2015. In 3Q15, Chesapeake Energy (CHK) recorded an adjusted net loss of $291 million, Marathon Oil (MRO) reported an adjusted net loss of $138 million, and Cabot Oil and Gas (COG) reported an adjusted net loss of $2.2 million. These companies combined make up ~4% of the Vanguard Energy ETF (VDE).

For a detailed overview of Marathon Oil, you can read Marathon Oil Is Falling: How Will It Battle Low Energy Prices?

Next, we’ll take a look at Anadarko Petroleum’s key management objectives.


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