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Enter Symbol:
 
Anadarko Petroleum Corporation (APC) [hlAlert]

Rating:
Outperform
APC
down 9.73 %

Anadarko Petroleum Corporation (APC) rated Outperform by Bernstein

Posted on: Wednesday,  May 7, 2008  8:25 AM ET by Bernstein

Bernstein rated Outperform Anadarko Petroleum Corporation (NYSE: APC) on 05/07/2008, when the stock price was $76.45. Since
then, Anadarko Petroleum Corporation has lost 9.73% as of 11/25/2015's recent price of $69.01.
If you would have followed this Bernstein's recommendation on APC, you would have lost 9.73% of your investment in 2758 days.

Anadarko Petroleum Corporation (Anadarko) is an independent oil and gas exploration and production company with 2.28 billion barrels of oil equivalent (BOE) of proved reserves as of December 31, 2008. The Company operates in three segments: oil and gas exploration and production, which explores for and produces natural gas, crude oil, condensate and natural gas liquids (NGLs); midstream, which is engaged in gathering, processing, treating and transporting Anadarko and third-party oil and gas production, and marketing, which sells most of Anadarko?s production, as well as commodities purchased from third parties. In December 2008, Anadarko completed the sale of its 50% interest in the Peregrino heavy-oil field offshore Brazil to StatoilHydro. In 2008, the Company divested certain oil and gas properties, primarily in Brazil, onshore in the United States and the Gulf of Mexico.

A central advantage for Bernstein clients is the ability to harness our highly regarded expertise in investment research and management. Originally known as a value investor, Bernstein has long been known for seeking out stocks with temporarily depressed prices due to unwarranted short-term pessimism about a company’s ability to recover from its current problems. This philosophy is embodied in our flagship Strategic Value portfolio. But since value and growth stocks have alternated leadership—with no clear signal of when one style will give way to the other—we’ve developed a Strategic Growth portfolio that seeks out leading companies whose stock prices don’t fully reflect their companies’ potential for superior earnings growth.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/7/2008 8:25 AM Buy
None
76.45
as of 12/24/2008
1 Week up  1.07 %
1 Month up  2.03 %
3 Months up  16.31 %
1 YTD down  -42.36 %

(*) Stock Price at the time of the recommendation.
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