Anadarko Petroleum (NYSE:APC) received a $73.00 price target from research analysts at Stifel Nicolaus in a research note issued to investors on Monday. The firm currently has a “buy” rating on the oil and gas development company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 22.18% from the company’s previous close.
A number of other equities research analysts have also recently commented on the company. Barclays raised their price objective on Anadarko Petroleum from $35.00 to $37.00 and gave the company an “underweight” rating in a research note on Wednesday, October 11th. Seaport Global Securities raised Anadarko Petroleum from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 19th. BMO Capital Markets set a $50.00 price objective on Anadarko Petroleum and gave the company a “hold” rating in a research note on Tuesday, October 10th. Royal Bank of Canada set a $63.00 price objective on Anadarko Petroleum and gave the company a “buy” rating in a research note on Wednesday, December 20th. Finally, Credit Suisse Group initiated coverage on Anadarko Petroleum in a research note on Monday, December 11th. They issued an “outperform” rating and a $61.00 price objective for the company. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and nineteen have assigned a buy rating to the stock. Anadarko Petroleum currently has an average rating of “Buy” and a consensus target price of $66.52.
Shares of Anadarko Petroleum (NYSE APC) traded down $1.21 during trading on Monday, reaching $59.75. The company’s stock had a trading volume of 5,362,427 shares, compared to its average volume of 5,430,000. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.11. Anadarko Petroleum has a 12-month low of $39.96 and a 12-month high of $71.25. The firm has a market capitalization of $32,690.00, a PE ratio of -16.88 and a beta of 1.38.
A number of institutional investors have recently modified their holdings of APC. Suntrust Banks Inc. lifted its holdings in Anadarko Petroleum by 7.2% during the second quarter. Suntrust Banks Inc. now owns 32,435 shares of the oil and gas development company’s stock worth $1,469,000 after acquiring an additional 2,170 shares during the period. Stifel Financial Corp lifted its holdings in Anadarko Petroleum by 5.7% during the second quarter. Stifel Financial Corp now owns 209,564 shares of the oil and gas development company’s stock worth $9,512,000 after acquiring an additional 11,314 shares during the period. QS Investors LLC lifted its holdings in Anadarko Petroleum by 8.2% during the second quarter. QS Investors LLC now owns 59,787 shares of the oil and gas development company’s stock worth $2,711,000 after acquiring an additional 4,521 shares during the period. Balyasny Asset Management LLC lifted its holdings in Anadarko Petroleum by 320.7% during the second quarter. Balyasny Asset Management LLC now owns 68,169 shares of the oil and gas development company’s stock worth $3,091,000 after acquiring an additional 51,967 shares during the period. Finally, Clinton Group Inc. bought a new stake in Anadarko Petroleum during the second quarter worth $1,434,000. Institutional investors and hedge funds own 87.86% of the company’s stock.
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About Anadarko Petroleum
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.
