Anadarko Petroleum PT Raised to $120.00 at Argus (APC)
Stock analysts at Argus upped their price target on shares of Anadarko Petroleum (NYSE:APC) from $115.00 to $120.00 in a report issued on Thursday. The firm currently has a “buy” rating on the stock. Argus’ price objective points to a potential upside of 9.51% from the stock’s previous close.
In other Anadarko Petroleum news, CAO Robert K. Reeves unloaded 50,900 shares of the company’s stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $108.03, for a total value of $5,498,727.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Anadarko Petroleum (NYSE:APC) opened at 109.58 on Thursday. Anadarko Petroleum has a 52-week low of $73.60 and a 52-week high of $109.95. The stock has a 50-day moving average of $102.3 and a 200-day moving average of $89.51. The company’s market cap is $55.344 billion.
Anadarko Petroleum (NYSE:APC) last posted its quarterly 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. Analysts expect that Anadarko Petroleum will post $5.20 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, June 25th. Stockholders 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 0.99%. The ex-dividend date is Monday, June 9th. This is a boost from Anadarko Petroleum’s previous quarterly dividend of $0.18.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Anadarko Petroleum in a research note on Wednesday, June 11th. They now have a $126.00 price target on the stock, up previously from $116.00. Separately, analysts at Raymond James raised their price target on shares of Anadarko Petroleum from $118.00 to $120.00 in a research note on Tuesday, May 27th. Finally, 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. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Anadarko Petroleum presently has a consensus rating of “Buy” and a consensus target price of $114.48.
Anadarko Petroleum Corporation (NYSE:APC) is an independent exploration and production company.
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