Anadarko Petroleum (NYSE:APC) has been given a $71.00 price target by investment analysts at Credit Suisse Group in a research note issued to investors on Tuesday. The firm presently has a “buy” rating on the oil and gas development company’s stock. Credit Suisse Group’s target price indicates a potential upside of 16.93% from the company’s previous close. The analysts noted that the move was a valuation call.
APC has been the subject of several other research reports. Scotiabank set a $62.00 target price on Anadarko Petroleum and gave the stock a “buy” rating in a research note on Saturday, November 25th. Atlantic Securities raised Anadarko Petroleum from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $49.05 to $62.00 in a research note on Friday, October 6th. Stifel Nicolaus cut their target price on Anadarko Petroleum from $73.00 to $72.00 and set a “buy” rating for the company in a research note on Wednesday, November 1st. Morgan Stanley set a $55.00 target price on Anadarko Petroleum and gave the stock a “hold” rating in a research note on Wednesday, October 18th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Anadarko Petroleum in a research note on Friday, September 29th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the company. Anadarko Petroleum currently has an average rating of “Buy” and a consensus price target of $65.95.
Anadarko Petroleum (NYSE:APC) traded up $2.52 during mid-day trading on Tuesday, reaching $60.72. The company’s stock had a trading volume of 6,219,500 shares, compared to its average volume of 5,264,729. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.03 and a current ratio of 2.03. The firm has a market capitalization of $33,250.00, a PE ratio of -17.15 and a beta of 1.38. Anadarko Petroleum has a one year low of $39.96 and a one year high of $71.97.
Large investors have recently added to or reduced their stakes in the stock. Fis Group Inc. purchased a new position in Anadarko Petroleum in the third quarter valued at $107,000. Stelac Advisory Services LLC purchased a new position in Anadarko Petroleum in the third quarter valued at $107,000. Steward Partners Investment Advisory LLC purchased a new position in Anadarko Petroleum in the third quarter valued at $116,000. Sun Life Financial INC boosted its holdings in Anadarko Petroleum by 1,363.4% in the second quarter. Sun Life Financial INC now owns 3,000 shares of the oil and gas development company’s stock valued at $136,000 after purchasing an additional 2,795 shares during the period. Finally, YorkBridge Wealth Partners LLC lifted its holdings in Anadarko Petroleum by 12.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,606 shares of the oil and gas development company’s stock worth $166,000 after buying an additional 402 shares during the last quarter. Hedge funds and other institutional investors own 87.81% of the company’s stock.
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Anadarko Petroleum 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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