Anadarko Petroleum Corporation (APC) was a big mover last session, as the company saw its shares rise nearly 15% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 19.62% since Mar 24.
This U.S.-based oil exploration and production stock witnessed one positive estimate revision over the past 7 days. The Zacks Consensus Estimate also moved up over the same time frame, suggesting that more solid trading could be ahead for Anadarko. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Anadarko Petroleum Corp. carries a Zacks Rank #3 (Hold), while its Earnings ESP is negative.
However, some better-ranked stocks in the sector include Range Resources Corporation (RRC), World Point Terminals, LP (WPT) and Abraxas Petroleum Corp. (AXAS). While Range Resources and World Point Terminals sport a Zacks Rank #1 (Strong Buy), Abraxas Petroleum holds a Racks Rank #2 (Buy).
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ANADARKO PETE CORP (APC): Free Stock Analysis Report
RANGE RESOURCES CORP (RRC): Free Stock Analysis Report
WORLD POINT TERMINALS LP (WPT): Free Stock Analysis Report
ABRAXAS PETROLEUM CP (AXAS): Free Stock Analysis Report
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