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Research analysts at FBR Capital Markets hoisted their price objective on shares of Anadarko Petroleum (NYSE:APC) from $100.00 to $105.00 in a report released on Thursday. The firm currently has a “market perform” rating on the stock. FBR Capital Markets’ price objective points to a potential downside of 2.44% from the stock’s previous close.

Anadarko Petroleum (NYSE:APC) opened at 107.63 on Thursday. Anadarko Petroleum has a 1-year low of $73.60 and a 1-year high of $112.06. The stock has a 50-day moving average of $104.9 and a 200-day moving average of $91.23. The company’s market cap is $54.359 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. On average, analysts predict that Anadarko Petroleum will post $5.25 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Mizuho raised their price target on shares of Anadarko Petroleum from $118.00 to $125.00 in a research note on Friday, June 27th. They now have a “buy” rating on the stock. Separately, analysts at Argus raised their price target on shares of Anadarko Petroleum from $115.00 to $120.00 in a research note on Thursday, June 19th. They now have a “buy” rating on the stock. Finally, 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. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $114.96.

Anadarko Petroleum Corporation (NYSE:APC) is an independent exploration and production company.

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