NEW YORK (TheStreet) -- Shares of Anadarko Petroleum Corp. (APC - Get Report) are up by 5.02% to $39.12 late Friday afternoon, as oil prices increase today.
Crude oil (WTI) is gaining by 1.44% to $33.70 per barrel this
afternoon and Brent crude is higher by 2.48% to $34.73 per barrel,
according to the CNBC.com index.
The price of the commodity is rising today on hopes that a deal
between major exporters to reduce output could ease the global glut, Reuters reports.
This week, Russia said it could work with OPEC members on lowering production, which it has declined to do for 15 years.
"If OPEC proposes to Russia production limits that do not undermine
Russia's long-term objectives, and key Russian producers back the deal,
Russia may indeed agree to production limits," analysts from ESAI Energy said, according to Reuters.
Anadarko Petroleum is an independent exploration and production company headquartered in The Woodlands, TX.
Separately, TheStreet Ratings Team has a "sell" rating with a score of D on the stock.
This is driven by multiple weaknesses, which should have a greater
impact than any strengths, and could make it more difficult for
investors to achieve positive results compared to most of the stocks
covered by the team.
The company's weaknesses can be seen in multiple areas, such as its
deteriorating net income, disappointing return on equity, poor profit
margins, weak operating cash flow and generally high debt management
risk.
Recently, TheStreet Ratings objectively rated this stock according to
its "risk-adjusted" total return prospect over a 12-month investment
horizon. Not based on the news in any given day, the rating may differ
from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: APC
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