Anadarko Petroleum Corp. Stock Rating Reaffirmed by Zacks (APC)
Anadarko Petroleum Corp. (NYSE:APC)‘s stock had its “neutral” rating reiterated by Zacks in a report issued on Monday, Analyst Ratings Network reports. They currently have a $99.00 target price on the stock. Zacks‘ target price suggests a potential upside of 4.73% from the stock’s previous close.
Anadarko Petroleum Corp. (NYSE:APC) traded down 1.65% on Monday, hitting $92.97. 866,288 shares of the company’s stock traded hands. Anadarko Petroleum Corp. has a 52-week low of $65.82 and a 52-week high of $96.75. The stock has a 50-day moving average of $92.22 and a 200-day moving average of $88.24. The company has a market cap of $46.736 billion and a P/E ratio of 27.89.
Anadarko Petroleum Corp. (NYSE:APC) last posted its quarterly earnings results on Monday, July 29th. The company reported $1.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.91 by $0.14. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. On average, analysts predict that Anadarko Petroleum Corp. will post $4.49 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sanford C. Bernstein raised their price target on shares of Anadarko Petroleum Corp. (NYSE:APC) from $98.00 to $105.00 in a research note to investors on Friday, September 6th. They now have an “outperform” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Anadarko Petroleum Corp. (NYSE:APC) in a research note to investors on Tuesday, August 27th. They now have a $108.00 price target on the stock, up previously from $105.00. Finally, analysts at Guggenheim raised their price target on shares of Anadarko Petroleum Corp. (NYSE:APC) from $120.00 to $122.00 in a research note to investors on Monday, August 26th. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $105.66.
In other Anadarko Petroleum Corp. news, Director Preston Geren III sold 5,000 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $95.33, for a total transaction of $476,650.00. Following the completion of the sale, the director now directly owns 20,017 shares of the company’s stock, valued at approximately $1,908,221. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Anadarko Petroleum Corporation (NYSE:APC) is an independent exploration and production company.
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