Why Anadarko Petroleum (APC) Stock Is Up In After-Market Trading Today

NEW YORK (TheStreet) -- Anadarko Petroleum (APC) shares are climbing, up 1.8% to $101.25, in after-market trading on Monday following the release of the company's first quarter earnings report.

The company posted a first quarter net loss of -$2.7 billion, or -$5.30 per diluted share. The loss is due in large part to the company's first quarter $5.15 billion nuclear waste cleanup settlement.

Without the settlement the company reported adjusted net earnings of $1.26 per share.

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The company reported revenue of $5.8 billion in the quarter, beating analysts estimates of $3.9 billion.

Anadarko raised the midpoint of its full-year sales-volume guidance by 3.5 million BOE in anticipation of a productive fiscal year despite the lawsuit settlement.

TheStreet Ratings team rates ANADARKO PETROLEUM CORP as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate ANADARKO PETROLEUM CORP (APC) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow."

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