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Anadarko Petroleum (NYSE:APC) was downgraded by equities research analysts at Bernstein from an “outperform” rating to a “market perform” rating in a research note issued to investors on Friday. They currently have a $107.00 target price on the stock. Bernstein’s price objective suggests a potential downside of 1.03% from the company’s current price.

A number of other firms have also recently commented on APC. Analysts at Sanford C. Bernstein downgraded shares of Anadarko Petroleum from an “outperform” rating to a “market perform” rating in a research note on Friday. Separately, analysts at Howard Weil raised their price target on shares of Anadarko Petroleum from $117.00 to $125.00 in a research note on Thursday, July 10th. They now have a “sector outperform” rating on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of Anadarko Petroleum from $100.00 to $105.00 in a research note on Thursday, July 3rd. They now have a “market perform” rating on the stock. Nine investment 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 company. The stock presently has a consensus rating of “Buy” and an average price target of $115.19.

Anadarko Petroleum (NYSE:APC) opened at 108.11 on Friday. Anadarko Petroleum has a 52-week low of $73.60 and a 52-week high of $112.80. The stock has a 50-day moving average of $106.8 and a 200-day moving average of $93.23. The company’s market cap is $54.601 billion. Anadarko Petroleum also was the recipient of unusually large options trading activity on Tuesday. Traders bought 16,202 call options on the company. This is an increase of approximately 192% compared to the typical volume of 5,549 call options.

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 $5.32 earnings per share for the current fiscal year.

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

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