Anadarko Petroleum Receives “Market Perform” Rating from FBR Capital Markets (APC)
Anadarko Petroleum (NYSE:APC)‘s stock had its “market perform” rating restated by analysts at FBR Capital Markets in a research report issued to clients and investors on Tuesday, ARN reports. They currently have a $100.00 target price on the stock. FBR Capital Markets’ price target indicates a potential upside of 2.76% from the company’s current price.
Shares of Anadarko Petroleum (NYSE:APC) traded up 0.62% on Tuesday, hitting $97.91. The stock had a trading volume of 2,984,156 shares. Anadarko Petroleum has a 1-year low of $73.60 and a 1-year high of $103.50. The stock’s 50-day moving average is $87.03 and its 200-day moving average is $86.74. The company has a market cap of $49.324 billion and a price-to-earnings ratio of 61.59.
Anadarko Petroleum (NYSE:APC) last released its earnings data on Tuesday, February 4th. The company reported $0.74 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.91 by $0.17. The company had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. The company’s quarterly revenue was down 2.1% on a year-over-year basis. Analysts expect that Anadarko Petroleum will post $5.06 EPS for the current fiscal year.
In other Anadarko Petroleum news, EVP Robert Daniels sold 18,721 shares of the company’s stock on the open market in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $97.02, for a total value of $1,816,311.42. Following the transaction, the executive vice president now directly owns 14,138 shares of the company’s stock, valued at approximately $1,371,669. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Argus raised their price target on shares of Anadarko Petroleum from $96.00 to $115.00 in a research note on Monday, April 7th. They now have a “buy” rating on the stock. Separately, analysts at KLR Group downgraded shares of Anadarko Petroleum from a “buy” rating to an “accumulate” rating in a research note on Monday, April 7th. They now have a $114.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Anadarko Petroleum from $100.00 to $110.00 in a research note on Friday, April 4th. They now have a “buy” rating on the stock. Six investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $111.12.
Anadarko Petroleum Corporation (NYSE:APC) is an independent exploration and production company.
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