Anadarko Petroleum Corporation (NYSE:APC) was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 15.3% in the past one-month time frame.
The stock gained after the company reported that it has plans to buy back $2.5 billion worth of its shares by the end of 2018.
The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Anadarko. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Anadarko currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
A better-ranked stock in the Oil and Gas - Exploration and Production - United States industry is Lonestar Resources US Inc. (NASDAQ:LONE) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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Anadarko Petroleum Corporation (APC): Free Stock Analysis Report
Lonestar Resources US Inc. (LONE): Free Stock Analysis Report
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