The Woodlands, TX-based oil and gas company reported a 2015 third quarter loss of 72 cents per share on revenue of $1.68 billion.
Analysts surveyed by Thomson Reuters expected the company to report a loss of 73 cents per share on revenue of $2.31 billion for the most recent quarter.
Oppenheimer removed its $95 price target on the stock.
"Despite cost savings and efficiency improvements, we expect APC losses and cash flow deficit to continue in oil prices below $70/b," Oppenheimer said.
Shares of Anadarko Petroleum were up by 3.43% to $67.80 on Thursday morning.
Separately, TheStreet Ratings team rates ANADARKO PETROLEUM CORP as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
We rate ANADARKO PETROLEUM CORP (APC) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally high debt management risk.
You can view the full analysis from the report here: APC