Anadarko Petroleum Corporation (NYSE:APC)‘s stock had its “buy” rating reissued by research analysts at Cowen and Company in a research report issued on Sunday. They currently have a $60.00 target price on the oil and gas development company’s stock. Cowen and Company’s target price indicates a potential upside of 37.77% from the company’s current price.

APC has been the subject of a number of other reports. Jefferies Group LLC set a $62.00 price objective on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a research report on Monday, August 28th. Citigroup Inc. cut their price objective on shares of Anadarko Petroleum Corporation from $85.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, July 21st. BMO Capital Markets restated a “hold” rating and issued a $53.00 price objective on shares of Anadarko Petroleum Corporation in a research report on Monday, September 4th. Royal Bank Of Canada set a $62.00 price objective on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a research report on Thursday, August 24th. Finally, Stifel Nicolaus restated a “buy” rating on shares of Anadarko Petroleum Corporation in a research report on Sunday, September 3rd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $70.12.

Anadarko Petroleum Corporation (APC) opened at 43.55 on Friday. Anadarko Petroleum Corporation has a 12 month low of $39.96 and a 12 month high of $73.33. The stock has a 50 day moving average of $42.85 and a 200 day moving average of $51.03. The firm’s market capitalization is $24.40 billion.

Anadarko Petroleum Corporation (NYSE:APC) last issued its earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.42). The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.50 billion. Anadarko Petroleum Corporation had a negative return on equity of 9.71% and a negative net margin of 19.31%. Anadarko Petroleum Corporation’s revenue for the quarter was up 41.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.60) EPS. On average, equities analysts predict that Anadarko Petroleum Corporation will post ($2.12) earnings per share for the current fiscal year.

WARNING: This story was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was illegally copied and reposted in violation of U.S. and international copyright laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/09/17/anadarko-petroleum-corporations-apc-buy-rating-reiterated-at-cowen-and-company.html.

Several hedge funds and other institutional investors have recently modified their holdings of APC. BlackRock Inc. increased its stake in shares of Anadarko Petroleum Corporation by 3,052.0% in the first quarter. BlackRock Inc. now owns 42,300,274 shares of the oil and gas development company’s stock worth $2,622,619,000 after buying an additional 40,958,268 shares during the period. Dodge & Cox increased its stake in shares of Anadarko Petroleum Corporation by 43.7% in the second quarter. Dodge & Cox now owns 32,794,208 shares of the oil and gas development company’s stock worth $1,486,889,000 after buying an additional 9,965,600 shares during the period. Franklin Resources Inc. increased its stake in shares of Anadarko Petroleum Corporation by 106.6% in the second quarter. Franklin Resources Inc. now owns 14,394,958 shares of the oil and gas development company’s stock worth $652,661,000 after buying an additional 7,428,741 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Anadarko Petroleum Corporation by 47.4% in the first quarter. JPMorgan Chase & Co. now owns 12,999,493 shares of the oil and gas development company’s stock worth $805,967,000 after buying an additional 4,182,975 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of Anadarko Petroleum Corporation by 5,465.5% in the second quarter. Janus Henderson Group PLC now owns 4,182,014 shares of the oil and gas development company’s stock worth $189,613,000 after buying an additional 4,106,872 shares during the period. 85.08% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Anadarko Petroleum Corporation (NYSE:APC)

Receive News & Ratings for Anadarko Petroleum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anadarko Petroleum Corporation and related companies with MarketBeat.com's FREE daily email newsletter.