Anadarko Petroleum (APC) Stock Falls in After-Hours Trading on Weak Q1 Revenue

NEW YORK (TheStreet) -- Anadarko Petroleum (APC) - Get Report stock is down by 2.79% to $50.50 in after-hours trading on Monday, after The Woodlands, TX-based oil and gas company reported lower-than-expected revenue for the 2016 first quarter.

Revenue declined to $1.67 billion for the quarter ended March 31 from $2.32 billion for the same period in 2015, missing estimates of $1.81 billion.

The company did post an adjusted loss of $1.12 per share, which was narrower then estimates that called for a loss of $1.16 per share.

Sales volumes averaged 823,000 barrels of oil equivalent a day for the quarter, down from 871,000 barrels of oil equivalent a day for the same quarter last year.

"Year to date, we've closed monetizations totaling $1.3 billion and are currently in the process of advancing another $700-plus million of divestitures," CEO Al Walker said in a statement. "We've also removed perceived uncertainty by issuing $3.0 billion of investment-grade bonds to refinance near-term maturities."

These steps along with financial discipline should help the company maintain its value while volatility persists in the oil market, Walker added.

Separately, Anadarko has a "sell" rating and a letter grade of D at TheStreet Ratings because of the company's deteriorating net income, generally high debt management risk, disappointing return on equity, weak operating cash flow and disappointing stock performance.

You can view the full analysis from the report here: APC

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.