Anadarko Petroleum (APC) Releases Quarterly Earnings, Beats Estimates By $0.02 EPS
Anadarko Petroleum (NYSE:APC) posted its quarterly earnings results on Tuesday. The company reported $1.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.30 by $0.02, AnalystRatingsNetwork reports. The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter last year, the company posted $1.05 earnings per share. Anadarko Petroleum’s revenue was up 26.9% compared to the same quarter last year.
Anadarko Petroleum (NYSE:APC) traded up 1.47% on Tuesday, hitting $109.23. The stock had a trading volume of 6,711,616 shares. Anadarko Petroleum has a 52 week low of $73.60 and a 52 week high of $112.80. The stock’s 50-day moving average is $108.3 and its 200-day moving average is $94.88. The company’s market cap is $55.167 billion.
A number of analysts have recently weighed in on APC shares. Analysts at Credit Suisse raised their price target on shares of Anadarko Petroleum from $122.00 to $134.00 in a research note on Monday. They now have an “outperform” rating on the stock. On a related note, analysts at Barclays cut their price target on shares of Anadarko Petroleum from $125.00 to $121.00 in a research note on Monday, July 21st. They now have an “equal weight” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Anadarko Petroleum in a research note on Friday, July 18th. They now have a $137.00 price target on the stock, up previously from $126.00. Nine research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Anadarko Petroleum presently has an average rating of “Buy” and an average price target of $116.62.
Anadarko Petroleum Corporation (NYSE:APC) is an independent exploration and production company.
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