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Can Anadarko Petroleum Stock Maintain Its Upward Momentum?

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Dec. 4 2020, Updated 10:53 a.m. ET

Anadarko’s moving averages

Anadarko Petroleum (APC) stock was on an uptrend in the latter part of 2016. Since the beginning of 2017, APC stock lost its momentum and started declining as oil prices weakened.

As we can see in the image below, in the second half of 2016, APC stock generally traded above its 50-day moving average (or DMA). In late January 2017, APC stock crossed under its 50-DMA and has continued to trade at those levels.

On April 11, 2017, Anadarko Petroleum (APC) stock was trading ~2.4% below its 50-DMA. However, given APC’s recent upward trend, it looks like the stock could cross over its 50-DMA soon.

The stock recently crossed under its 200-DMA as well, but it didn’t stay at that level and crossed above its 200-DMA again. On April 11, 2017, APC stock was trading ~1.2% above its 200-DMA.

Although APC’s 50-DMA is currently trading above its 200-DMA, which is generally considered as a bullish sign, the 50-DMA seems to be heading toward crossing under the 200-DMA.

Given that oil prices have been showing signs of improvement, investors should be watching how APC stock reacts and the resulting behaviors of its 50-DMA and 200-DMA.

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A quick earnings review and peer comparison

Anadarko Petroleum (APC) reported its 4Q16 earnings on January 31, 2017. Its 4Q16 revenues were ~$2.4 billion, compared to ~$2.1 billion in 4Q15 and ~$1.9 billion in 3Q16. Its revenues in 2016 totaled ~$7.9 billion, compared to ~$8.7 billion in 2015.

Anadarko Petroleum reported adjusted EPS (earnings per share) of -$0.50 in 4Q16. The company’s EPS were -$0.57 in 4Q15 and -$0.89 in 3Q16.

APC’s peer Hess Corporation (HES) reported EPS of -$1.01 in 4Q16. You can read its results in A Post-Earnings Analysis of Hess Corporation’s 4Q16.

In the next part of this series, we’ll look at analysts’ price targets for Anadarko Petroleum for the next 12 months.

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