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Stock analysts at Stifel Nicolaus boosted their price objective on shares of Anadarko Petroleum (NYSE:APC) from $110.00 to $128.00 in a report issued on Wednesday. Stifel Nicolaus’ price target would suggest a potential upside of 16.50% from the stock’s previous close.

Shares of Anadarko Petroleum (NYSE:APC) traded up 0.59% during mid-day trading on Wednesday, hitting $109.87. The stock had a trading volume of 6,011,938 shares. Anadarko Petroleum has a 1-year low of $73.60 and a 1-year high of $113.00. The stock’s 50-day moving average is $108.5 and its 200-day moving average is $95.20. The company’s market cap is $55.490 billion.

Anadarko Petroleum (NYSE:APC) last announced its earnings results on Tuesday, July 29th. The company reported $1.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.30 by $0.02. 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. On average, analysts predict that Anadarko Petroleum will post $5.34 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on APC. 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. Separately, 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 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. The stock has an average rating of “Buy” and a consensus price target of $117.77.

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

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