NEW YORK (
Anadarko Petroleum Corp
) hit a new 52-week high Thursday as it traded at $83 compared with its previous 52-Week high of $82.92. Anadarko is changing hands at $82.75 with 59,345 shares traded as of 9:31 a.m. ET. Average volume has been 4.2 million shares over the past 30 days.
Anadarko has a market cap of $40.1 billion and is part of the
industry. Shares are up 8% year to date as of the close of trading on Wednesday.
Anadarko Petroleum Corporation engages in the exploration and production of oil and gas properties primarily in the United States, the deepwater of the Gulf of Mexico, and Algeria. The company has a P/E ratio of 52.8, below the average energy industry P/E ratio of 53.2 and above the S&P 500 P/E ratio of 16.
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TheStreet Ratings rates Anadarko as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full
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