Anadarko Petroleum PT Raised to $131.00 (APC)
Investment analysts at Guggenheim increased their price objective on shares of Anadarko Petroleum (NYSE:APC) from $127.00 to $131.00 in a note issued to investors on Wednesday, AmericanBankingNews.com reports. The firm currently has a “buy” rating on the stock. Guggenheim’s price objective would suggest a potential upside of 29.86% from the company’s current price.
Anadarko Petroleum (NYSE:APC) traded up 0.64% on Wednesday, hitting $101.53. The stock had a trading volume of 2,894,458 shares. Anadarko Petroleum has a one year low of $73.60 and a one year high of $104.84. The stock has a 50-day moving average of $96.01 and a 200-day moving average of $87.50. The company’s market cap is $51.278 billion.
Anadarko Petroleum (NYSE:APC) last announced its earnings results on Monday, May 5th. The company reported $1.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.16 by $0.10. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the prior year, the company posted $1.08 earnings per share. On average, analysts predict that Anadarko Petroleum will post $5.15 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, June 25th. Shareholders of record on Wednesday, June 11th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.07%.
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of Anadarko Petroleum from $109.00 to $111.00 in a research note on Monday. They now have an “overweight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Anadarko Petroleum in a research note on Wednesday, May 7th. They now have a $108.00 price target on the stock. Finally, analysts at Mizuho raised their price target on shares of Anadarko Petroleum from $111.00 to $118.00 in a research note on Wednesday, May 7th. They now have a “buy” rating on the stock. Six equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $113.81.
Anadarko Petroleum Corporation (NYSE:APC) is an independent exploration and production company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.