Anadarko Petroleum PT Raised to $120.00 (APC)
Investment analysts at Raymond James increased their price target on shares of Anadarko Petroleum (NYSE:APC) from $118.00 to $120.00 in a note issued to investors on Tuesday. Raymond James’ price objective would suggest a potential upside of 18.40% from the company’s current price.
A number of other firms have also recently commented on APC. Analysts at Barclays downgraded shares of Anadarko Petroleum from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, May 20th. They now have a $111.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Anadarko Petroleum in a research note on Monday, May 19th. They now have a $104.00 price target on the stock. Finally, analysts at Guggenheim raised their price target on shares of Anadarko Petroleum from $127.00 to $131.00 in a research note on Wednesday, May 14th. They now have a “buy” rating on the stock. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $113.88.
In other Anadarko Petroleum news, EVP Robert Daniels sold 61,379 shares of the company’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $99.81, for a total value of $6,126,237.99. Following the completion of the sale, the executive vice president now directly owns 4,138 shares in the company, valued at approximately $413,014. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Anadarko Petroleum (NYSE:APC) traded up 0.26% on Tuesday, hitting $101.61. 982,496 shares of the company’s stock traded hands. Anadarko Petroleum has a 1-year low of $73.60 and a 1-year high of $104.84. The stock has a 50-day moving average of $99.55 and a 200-day moving average of $87.88. The company’s market cap is $51.319 billion.
Anadarko Petroleum (NYSE:APC) last released its earnings data 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. Analysts expect that Anadarko Petroleum will post $5.12 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 25th. Shareholders of record on Wednesday, June 11th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Monday, June 9th. This is a positive change from Anadarko Petroleum’s previous quarterly dividend of $0.18.
Anadarko Petroleum Corporation (NYSE:APC) is an independent exploration and production company.
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