Anadarko Petroleum (APC) Receives “Buy” Rating from Stifel Nicolaus

Anadarko Petroleum (NYSE:APC)‘s stock had its “buy” rating reissued by research analysts at Stifel Nicolaus in a report released on Wednesday. They presently have a $76.00 target price on the oil and gas development company’s stock, up from their previous target price of $73.00. Stifel Nicolaus’ price objective would indicate a potential upside of 27.30% from the company’s previous close.

Several other brokerages have also issued reports on APC. Barclays increased their target price on shares of Anadarko Petroleum from $35.00 to $37.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 11th. Seaport Global Securities raised shares of Anadarko Petroleum from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 19th. Credit Suisse Group assumed coverage on shares of Anadarko Petroleum in a research note on Monday, December 11th. They set an “outperform” rating and a $61.00 target price on the stock. BMO Capital Markets set a $50.00 target price on shares of Anadarko Petroleum and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Finally, Royal Bank of Canada set a $63.00 target price on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and eighteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $65.80.

Shares of Anadarko Petroleum (APC) opened at $59.70 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.03 and a quick ratio of 2.03. Anadarko Petroleum has a 12 month low of $39.96 and a 12 month high of $70.00. The company has a market cap of $31,460.00, a price-to-earnings ratio of -16.86, a PEG ratio of 884.33 and a beta of 1.42.

Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings data on Tuesday, February 6th. The oil and gas development company reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.15. Anadarko Petroleum had a negative net margin of 17.13% and a negative return on equity of 9.82%. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the firm posted ($0.50) EPS. The company’s quarterly revenue was up 22.7% on a year-over-year basis. sell-side analysts anticipate that Anadarko Petroleum will post -2.13 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Fis Group Inc. purchased a new stake in shares of Anadarko Petroleum in the third quarter valued at about $107,000. Stelac Advisory Services LLC purchased a new stake in shares of Anadarko Petroleum in the third quarter valued at about $107,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Anadarko Petroleum in the third quarter valued at about $116,000. Cerebellum GP LLC purchased a new stake in shares of Anadarko Petroleum in the fourth quarter valued at about $131,000. Finally, Resources Investment Advisors Inc. purchased a new stake in shares of Anadarko Petroleum in the fourth quarter valued at about $142,000. 88.02% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Anadarko Petroleum (NYSE:APC)

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