Scotiabank Analysts Give Anadarko Petroleum Corporation (APC) a $64.00 Price Target
Anadarko Petroleum Corporation (NYSE:APC) has been given a $64.00 price target by analysts at Scotiabank in a research note issued to investors on Friday. The firm presently has a “buy” rating on the oil and gas development company’s stock. Scotiabank’s target price suggests a potential upside of 46.99% from the company’s previous close.
APC has been the topic of several other reports. Citigroup Inc. reduced their price objective on Anadarko Petroleum Corporation from $85.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Stifel Nicolaus reaffirmed a “buy” rating and set a $81.00 target price (up previously from $77.00) on shares of Anadarko Petroleum Corporation in a research note on Friday, May 12th. Royal Bank Of Canada set a $84.00 target price on Anadarko Petroleum Corporation and gave the company a “buy” rating in a research note on Thursday, April 20th. Jefferies Group LLC set a $62.00 target price on Anadarko Petroleum Corporation and gave the company a “buy” rating in a research note on Tuesday, June 6th. Finally, Barclays PLC cut Anadarko Petroleum Corporation from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $52.00 to $42.00 in a research note on Wednesday, June 14th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $69.73.
Anadarko Petroleum Corporation (APC) traded down 0.37% during trading on Friday, reaching $43.54. The company had a trading volume of 3,788,050 shares. The firm’s 50 day moving average is $44.60 and its 200 day moving average is $55.50. Anadarko Petroleum Corporation has a one year low of $42.58 and a one year high of $73.33. The company’s market capitalization is $24.40 billion.
Anadarko Petroleum Corporation (NYSE:APC) last issued its quarterly earnings data on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by $0.42. Anadarko Petroleum Corporation had a negative return on equity of 9.71% and a negative net margin of 19.31%. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the firm earned ($0.60) earnings per share. The company’s revenue was up 41.8% compared to the same quarter last year. On average, equities research analysts predict that Anadarko Petroleum Corporation will post ($2.11) earnings per share for the current year.
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In related news, Director Peter J. Fluor bought 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The stock was purchased at an average price of $51.83 per share, for a total transaction of $1,036,600.00. Following the acquisition, the director now owns 146,750 shares of the company’s stock, valued at $7,606,052.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman R A. Walker purchased 19,300 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was acquired at an average price of $51.82 per share, with a total value of $1,000,126.00. Following the purchase, the chairman now owns 176,718 shares of the company’s stock, valued at $9,157,526.76. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 41,205 shares of company stock worth $2,136,700. Corporate insiders own 0.45% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Clean Yield Group acquired a new position in Anadarko Petroleum Corporation during the first quarter valued at approximately $105,000. Assetmark Inc. increased its position in Anadarko Petroleum Corporation by 10.7% in the first quarter. Assetmark Inc. now owns 1,815 shares of the oil and gas development company’s stock valued at $113,000 after buying an additional 176 shares during the period. Guardian Life Insurance Co. of America increased its position in Anadarko Petroleum Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,156 shares of the oil and gas development company’s stock valued at $134,000 after buying an additional 15 shares during the period. Winch Advisory Services LLC increased its position in Anadarko Petroleum Corporation by 501.9% in the first quarter. Winch Advisory Services LLC now owns 2,167 shares of the oil and gas development company’s stock valued at $126,000 after buying an additional 1,807 shares during the period. Finally, Financial Architects Inc increased its position in Anadarko Petroleum Corporation by 31.6% in the first quarter. Financial Architects Inc now owns 2,290 shares of the oil and gas development company’s stock valued at $142,000 after buying an additional 550 shares during the period. Institutional investors and hedge funds own 84.56% of the company’s stock.
Anadarko Petroleum Corporation Company Profile
Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.
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