Avery Schumer
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Avery Schumer in Commodities,

Anadarko Petroleum Downgraded At Oppenheimer; Stock Keeps Losing In Sub $70 Oil Environment

Anadarko Petroleum Corporation  shares have been trending lower in 2015 and are down 20 percent year-to-date.

Oppenheimer’s Fadel Gheit downgraded the rating on the company from Outperform to Perform, while removing the price target.

Low oil prices are expected to result in continued losses and cash flow deficit at Anadarko Petroleum, Gheit stated.