Anadarko Petroleum Corp. Given New $108.00 Price Target at Societe Generale (APC)
Investment analysts at Societe Generale lifted their target price on shares of Anadarko Petroleum Corp. (NYSE:APC) from $103.00 to $108.00 in a note issued to investors on Wednesday, Stock Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Societe Generale’s price objective indicates a potential upside of 14.07% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Atlantic Securities initiated coverage on shares of Anadarko Petroleum Corp. (NYSE:APC) in a research note to investors on Tuesday. They set a “neutral” rating and a $92.99 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Anadarko Petroleum Corp. (NYSE:APC) in a research note to investors on Monday. They now have a $99.00 price target on the stock. Finally, 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. Four equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Anadarko Petroleum Corp. currently has a consensus rating of “Buy” and an average target price of $105.33.
In other Anadarko Petroleum Corp. news, Director Preston Geren III unloaded 5,000 shares of the stock on the open market in a transaction dated Thursday, September 19th. The stock was sold at an average price of $95.33, for a total value of $476,650.00. Following the completion of the transaction, the director now directly owns 20,017 shares in the company, valued at approximately $1,908,221. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Anadarko Petroleum Corp. (NYSE:APC) traded up 1.33% during mid-day trading on Wednesday, hitting $94.68. The stock had a trading volume of 2,612,084 shares. Anadarko Petroleum Corp. has a one year low of $65.82 and a one year high of $96.75. The stock’s 50-day moving average is $92.49 and its 200-day moving average is $88.47. The company has a market cap of $47.596 billion and a P/E ratio of 27.57.
Anadarko Petroleum Corp. (NYSE:APC) last posted its quarterly earnings results on Monday, July 29th. The company reported $1.05 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.85 earnings per share. Anadarko Petroleum Corp.’s revenue was up 8.5% compared to the same quarter last year. On average, analysts predict that Anadarko Petroleum Corp. will post $4.52 earnings per share for the current fiscal year.
Anadarko Petroleum Corporation (NYSE:APC) is an independent exploration and production company.
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