Anadarko Petroleum (APC) Surges: Stock Adds 14.5% in Session - Tale of the Tape

By Zacks Equity Research,

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Anadarko Petroleum Corporation ( APC ) was a big mover last session, as the company saw its shares rise nearly 15% 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 19.62% since Mar 24.

This U.S.-based oil exploration and production stock witnessed one positive estimate revision over the past 7 days. The Zacks Consensus Estimate also moved up over the same time frame, 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 yesterday's jump can turn into more strength down the road.

Anadarko Petroleum Corp. carries a Zacks Rank #3 (Hold), while its Earnings ESP is negative.

However, some better-ranked stocks in the sector include Range Resources Corporation ( RRC ), World Point Terminals, LP ( WPT ) and Abraxas Petroleum Corp. ( AXAS ). While Range Resources and World Point Terminals sport a Zacks Rank #1 (Strong Buy), Abraxas Petroleum holds a Racks Rank #2 (Buy).

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ANADARKO PETROL (APC): Free Stock Analysis Report

ABRAXAS PETE/NV (AXAS): Free Stock Analysis Report

RANGE RESOURCES (RRC): Free Stock Analysis Report

WORLD POINT TER (WPT): Free Stock Analysis Report

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Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Stocks: APC , AXAS , RRC , WPT

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