BMO Capital Markets Raises Anadarko Petroleum (APC) Price Target to $70.00

Anadarko Petroleum (NYSE:APC) had its target price upped by equities research analysts at BMO Capital Markets from $65.00 to $70.00 in a research note issued to investors on Thursday. The firm currently has an “outperform” rating on the oil and gas development company’s stock. BMO Capital Markets’ price target points to a potential upside of 24.71% from the company’s current price.

A number of other analysts have also issued reports on APC. Barclays raised their target price on Anadarko Petroleum from $35.00 to $37.00 and gave the company an “underweight” rating in a report on Wednesday, October 11th. Citigroup lowered their target price on Anadarko Petroleum from $60.00 to $58.00 and set a “buy” rating on the stock in a report on Friday, October 13th. Wolfe Research lowered Anadarko Petroleum from an “outperform” rating to a “market perform” rating in a report on Monday, October 16th. Cowen set a $60.00 target price on Anadarko Petroleum and gave the company a “buy” rating in a report on Monday, October 16th. Finally, Morgan Stanley set a $55.00 target price on Anadarko Petroleum and gave the company a “hold” rating in a report on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and nineteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $67.95.

Anadarko Petroleum (NYSE APC) traded down $0.07 on Thursday, reaching $56.13. The company’s stock had a trading volume of 8,738,166 shares, compared to its average volume of 5,890,000. The firm has a market cap of $30,710.00, a price-to-earnings ratio of -71.05, a P/E/G ratio of 10.48 and a beta of 1.42. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.73 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.

Anadarko Petroleum (NYSE:APC) last released its earnings results on Tuesday, February 6th. The oil and gas development company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.15. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.90 billion. Anadarko Petroleum had a negative return on equity of 7.48% and a negative net margin of 3.83%. The company’s revenue was up 22.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.50) EPS. equities research analysts expect that Anadarko Petroleum will post 0.59 EPS for the current year.

Anadarko Petroleum announced that its Board of Directors has authorized a stock buyback program on Wednesday, February 7th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the oil and gas development company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

Institutional investors have recently bought and sold shares of the stock. Fis Group Inc. bought a new position in shares of Anadarko Petroleum during the 3rd quarter worth approximately $107,000. Stelac Advisory Services LLC bought a new position in shares of Anadarko Petroleum during the 3rd quarter worth approximately $107,000. Steward Partners Investment Advisory LLC bought a new position in shares of Anadarko Petroleum during the 3rd quarter worth approximately $116,000. Cerebellum GP LLC bought a new position in shares of Anadarko Petroleum during the 4th quarter worth approximately $131,000. Finally, Resources Investment Advisors Inc. bought a new position in shares of Anadarko Petroleum during the 4th quarter worth approximately $142,000. Institutional investors and hedge funds own 88.02% 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.

Analyst Recommendations for Anadarko Petroleum (NYSE:APC)

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