Several analysts have recently updated their ratings and price targets for Anadarko Petroleum Corp. (NYSE: APC):

  • 9/19/2016 – Anadarko Petroleum Corp. had its “buy” rating reaffirmed by analysts at KLR Group. They now have a $93.00 price target on the stock, up previously from $85.00.
  • 9/17/2016 – Anadarko Petroleum Corp. was given a new $70.00 price target on by analysts at JPMorgan Chase & Co.. They now have a “buy” rating on the stock.
  • 9/15/2016 – Anadarko Petroleum Corp. had its price target raised by analysts at Deutsche Bank AG from $60.00 to $64.00. They now have a “hold” rating on the stock.
  • 9/14/2016 – Anadarko Petroleum Corp. had its price target raised by analysts at Credit Agricole SA from $58.00 to $60.00. They now have an “underperform” rating on the stock.
  • 9/14/2016 – Anadarko Petroleum Corp. had its “outperform” rating reaffirmed by analysts at Goldman Sachs Group Inc..
  • 9/14/2016 – Anadarko Petroleum Corp. had its price target raised by analysts at Macquarie from $61.00 to $71.00. They now have an “outperform” rating on the stock.
  • 9/13/2016 – Anadarko Petroleum Corp. had its price target raised by analysts at Royal Bank Of Canada from $66.00 to $70.00. They now have an “outperform” rating on the stock.
  • 9/13/2016 – Anadarko Petroleum Corp. had its price target raised by analysts at Citigroup Inc. from $65.00 to $68.00. They now have a “buy” rating on the stock.
  • 9/13/2016 – Anadarko Petroleum Corp. had its price target raised by analysts at Morgan Stanley from $74.00 to $81.00. They now have an “overweight” rating on the stock.
  • 9/13/2016 – Anadarko Petroleum Corp. was given a new $70.00 price target on by analysts at RBC Capital Markets. They now have an “outperform” rating on the stock.
  • 9/13/2016 – Anadarko Petroleum Corp. was upgraded by analysts at Johnson Rice from an “accumulate” rating to a “buy” rating.
  • 9/13/2016 – Anadarko Petroleum Corp. had its “buy” rating reaffirmed by analysts at Bank of America Corp.. They now have a $95.00 price target on the stock.
  • 9/12/2016 – Anadarko Petroleum Corp. had its “hold” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $68.00 price target on the stock.
  • 8/11/2016 – Anadarko Petroleum Corp. had its “buy” rating reaffirmed by analysts at Jefferies Group.
  • 8/10/2016 – Anadarko Petroleum Corp. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Anadarko Petroleum is trying to improve its margins by reducing costs, lowering the dividend rate and monetizing assets that would lead to operating efficiencies. Anadarko Petroleum’s premium shale properties, which include Colorado’s Wattenberg and the Wolfcamp Shale, the Delaware Basin as well as Eagle Ford of Texas, are expected to be the primary production drivers going forward.Development of the TEN complex and production from the Jubilee field should drive growth. However, a negative outlook by credit rating agencies and competition from major integrated oil companies pose risks to the stock.The drop in prices will definitely hurt the prospects of Anadarko.”
  • 7/29/2016 – Anadarko Petroleum Corp. had its price target raised by analysts at Barclays PLC from $46.00 to $50.00. They now have an “equal weight” rating on the stock.
  • 7/28/2016 – Anadarko Petroleum Corp. had its price target raised by analysts at Credit Suisse Group AG to $68.00. They now have a “neutral” rating on the stock. They wrote, “The 2 billion plus of current net resource in the Delaware feels low relative to the 5 percent recovery factor, multiple target zones within the Wolfcamp and other zones also […] In the Delaware, stacked pay creates well density and low costs.”Further, the core of the company’s investment profile moving forward is strategically situated atop its “competitively advantaged positions,” including the Gulf of Mexico, Wattenberg and Delaware.”[A]t some point, the market will need to take a bolder step in its E&P weighting given an ongoing Rebalance of oil markets. The Rebalance should allow APC to monetize non-core but still economic assets,” analyst Edward Westlake wrote in a note.Related Link: Despite Anadarko’s Positive Momentum, CLSA Analysts Keep Their Rating At UnderperformMeanwhile, Westlake said investors should still continue to increase their exposure toward the broader Permian, as the diversified large caps exposed to the region should be able to capture some upside from the large and improving resource in the region. Permian ExposureThe large caps exposed to Permian, besides Anadarko, include:Devon Energy Corp (NYSE: DVN)Apache Corporation (NYSE: APA)Occidental Petroleum Corporation (NYSE: OXY)Chevron Corporation (NYSE: CVX)Westlake acknowledges that there are issues to navigate, meaning some pure Permian plays may outperform Anadarko shares. “However, operatorship, management and good rocks will eventually drive the shares higher,” the analyst added.Westlake remains Neutral rated on Anadarko, as he “still don’t like the absolute level of debt at APC, despite longer dated maturities and good liquidity on the revolver.”
  • 7/28/2016 – Anadarko Petroleum Corp. had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc.. They now have a $68.00 price target on the stock, up previously from $67.00.
  • 7/28/2016 – Anadarko Petroleum Corp. had its “underperform” rating reaffirmed by analysts at Credit Agricole SA. They now have a $68.00 price target on the stock.
  • 7/27/2016 – Anadarko Petroleum Corp. had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $108.00 price target on the stock.
  • 7/27/2016 – Anadarko Petroleum Corp. had its “buy” rating reaffirmed by analysts at Iberia Capital.
  • 7/27/2016 – Anadarko Petroleum Corp. had its “buy” rating reaffirmed by analysts at Wells Fargo & Co..
  • 7/27/2016 – Anadarko Petroleum Corp. had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $55.00 price target on the stock.

Shares of Anadarko Petroleum Corp. (NYSE:APC) traded up 3.57% during midday trading on Wednesday, reaching $60.36. 3,763,499 shares of the company’s stock traded hands. The stock has a 50 day moving average of $55.19 and a 200-day moving average of $51.86. The stock’s market cap is $30.81 billion. Anadarko Petroleum Corp. has a 12 month low of $28.16 and a 12 month high of $73.87.

Anadarko Petroleum Corp. (NYSE:APC) last announced its quarterly earnings results on Tuesday, July 26th. The oil and gas development company reported ($0.60) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.80) by $0.20. Anadarko Petroleum Corp. had a negative net margin of 71.09% and a negative return on equity of 9.88%. The firm earned $1.92 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the prior year, the company posted $0.01 EPS. The company’s revenue was down 27.4% on a year-over-year basis. On average, equities research analysts forecast that Anadarko Petroleum Corp. will post ($2.64) EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend is Monday, September 12th. Anadarko Petroleum Corp.’s dividend payout ratio (DPR) is currently -1.95%.

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company’s segments include Oil and Gas Exploration & Production; Midstream, and Marketing. The Oil and Gas Exploration & Production segment explores for and produces oil, condensate, natural gas and natural gas liquids (NGLs), and focuses on the development and operation of the Company’s liquefied natural gas (LNG) project in Mozambique.

5 Day Chart for NYSE:APC

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