Anadarko Petroleum (APC) Stock Declining in After-Hours Trading Following Earnings Miss

NEW YORK (TheStreet) -- Shares of Anadarko Petroleum Corp.  (APC) are down 0.78% to $93 in after-hours trading Monday, following the company's first quarter earnings release.

For the period, the company posted a loss of 72 cents per share on revenue of $2.32 billion.

Wall Street was expecting a loss of 65 cents per share on revenue of $2.45 billion for the first quarter.

Anadarko's reported 920,000 barrels of oil equivalent per day in first-quarter oil and gas output, higher compared to the 789,000 barrels of oil equivalent per day from the same quarter of last year. 

Shares of Andarko closed up 0.2% to $93.73 in Monday's regular session.

About 4.76 million shares have exchanged hands as of 4:14 p.m. ET today, compared to its average trading volume of about 4.04 million shares a day.

The Woodlands, TX-based Anadarko Petroleum is an independent exploration and production company with more than 2.5 billion barrels of oil equivalent of proved reserves.

Anadarko operates in three segments including oil and gas exploration and production, midstream, and marketing.

Separately, 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 increase in net income, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself."

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

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