Anadarko Petroleum Corp. Price Target Raised to $122.00 at Canaccord Genuity (APC)
Investment analysts at Canaccord Genuity hoisted their target price on shares of Anadarko Petroleum Corp. (NYSE:APC) from $118.00 to $122.00 in a note issued to investors on Thursday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target would suggest a potential upside of 29.22% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of Anadarko Petroleum Corp. from $109.00 to $122.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James cut their price target on shares of Anadarko Petroleum Corp. from $105.00 to $104.00 in a research note to investors on Friday, October 4th. They now have an “outperform” rating on the stock. Finally, analysts at Societe Generale raised their price target on shares of Anadarko Petroleum Corp. from $103.00 to $108.00 in a research note to investors on Wednesday, October 2nd. They now have a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $106.15.
Anadarko Petroleum Corp. (NYSE:APC) traded up 2.50% during mid-day trading on Thursday, hitting $94.41. 2,058,132 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’s 50-day moving average is $93.22 and its 200-day moving average is $88.78. The company has a market cap of $47.460 billion and a P/E ratio of 27.18.
Anadarko Petroleum Corp. (NYSE:APC) last posted its quarterly earnings results on Monday, July 29th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. 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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