Anadarko Petroleum Corporation (NYSE:APC) had its price target raised by analysts at Barclays PLC from $35.00 to $37.00 in a report issued on Wednesday. The brokerage currently has an “underweight” rating on the oil and gas development company’s stock. Barclays PLC’s target price would indicate a potential downside of 23.57% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Royal Bank Of Canada set a $78.00 target price on Anadarko Petroleum Corporation and gave the company a “buy” rating in a report on Saturday, June 17th. Mitsubishi UFJ Financial Group upgraded Anadarko Petroleum Corporation from a “neutral” rating to a “buy” rating and set a $66.00 target price on the stock in a report on Thursday, July 27th. BidaskClub downgraded Anadarko Petroleum Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Susquehanna Bancshares Inc began coverage on Anadarko Petroleum Corporation in a report on Thursday, June 29th. They set a “positive” rating and a $60.00 target price on the stock. Finally, Citigroup Inc. began coverage on Anadarko Petroleum Corporation in a report on Thursday, June 29th. They set a “positive” rating and a $60.00 target price on the stock. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $68.75.

Anadarko Petroleum Corporation (NYSE:APC) traded down 0.06% during trading on Wednesday, reaching $48.38. The company’s stock had a trading volume of 1,452,126 shares. The company’s market capitalization is $27.11 billion. The company’s 50-day moving average is $44.98 and its 200-day moving average is $49.06. Anadarko Petroleum Corporation has a 1-year low of $39.96 and a 1-year high of $73.33.

Anadarko Petroleum Corporation (NYSE:APC) last released its quarterly earnings data on Monday, July 24th. The oil and gas development company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.42). The firm had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Anadarko Petroleum Corporation had a negative return on equity of 9.71% and a negative net margin of 19.31%. The business’s revenue for the quarter was up 41.8% compared to the same quarter last year. During the same quarter last year, the business earned ($0.60) earnings per share. Equities analysts anticipate that Anadarko Petroleum Corporation will post ($2.11) EPS for the current year.

Anadarko Petroleum Corporation declared that its Board of Directors has approved a stock repurchase program on Wednesday, September 20th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the oil and gas development company to buy up to 10% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

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Institutional investors and hedge funds have recently modified their holdings of the company. Artemis Investment Management LLP grew its position in shares of Anadarko Petroleum Corporation by 8.0% in the 2nd quarter. Artemis Investment Management LLP now owns 36,565 shares of the oil and gas development company’s stock worth $1,658,000 after acquiring an additional 2,698 shares in the last quarter. Andra AP fonden grew its position in shares of Anadarko Petroleum Corporation by 13.7% in the 2nd quarter. Andra AP fonden now owns 84,000 shares of the oil and gas development company’s stock worth $3,809,000 after acquiring an additional 10,100 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Anadarko Petroleum Corporation by 1.6% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,121,709 shares of the oil and gas development company’s stock worth $50,858,000 after acquiring an additional 17,411 shares in the last quarter. Cipher Capital LP grew its position in shares of Anadarko Petroleum Corporation by 364.8% in the 2nd quarter. Cipher Capital LP now owns 140,420 shares of the oil and gas development company’s stock worth $6,367,000 after acquiring an additional 110,209 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its position in shares of Anadarko Petroleum Corporation by 30.2% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 424,746 shares of the oil and gas development company’s stock worth $19,258,000 after acquiring an additional 98,545 shares in the last quarter. Institutional investors own 85.05% of the company’s stock.

About Anadarko Petroleum Corporation

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)

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