NEW YORK (TheStreet) -- Anadarko Petroleum Corp. (APC) - Get Anadarko Petroleum Corporation Report posted a loss that was more narrow than estimated for the 2015 third quarter. Revenue, however, missed estimates.
The oil and gas company reported a loss of 72 cents per share for the quarter ended September 30, beating estimates by 1 cent.
Revenue fell to $1.68 billion for the latest quarter, from $5.01 billion for the same quarter last year, missing estimates of $2.31 billion.
Sales volumes averaged 787,000 barrels of oil equivalent a day or a total of 73 million barrels of oil equivalent for the quarter.
"We remain committed to building and preserving value in this challenging environment," CEO Al Walker said in a statement. "During the third quarter, we continued our focus on maintaining long-term flexibility, while enhancing short-cycle returns by delivering higher-margin sales volumes for lower costs."
Anadarko Petroleum stock closed down by 5.38% to $65.29 on Tuesday afternoon.
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 unimpressive growth in net income, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.
You can view the full analysis from the report here: APC