Anadarko Petroleum (APC) Given a $72.00 Price Target by Piper Jaffray Companies Analysts

Anadarko Petroleum (NYSE:APC) has been assigned a $72.00 target price by equities research analysts at Piper Jaffray Companies in a research note issued on Sunday. The brokerage currently has a “buy” rating on the oil and gas development company’s stock. Piper Jaffray Companies’ price target indicates a potential upside of 28.27% from the stock’s current price.

A number of other brokerages have also recently commented on APC. Stifel Nicolaus set a $73.00 target price on shares of Anadarko Petroleum and gave the company a “buy” rating in a research report on Monday, January 29th. Morgan Stanley increased their target price on shares of Anadarko Petroleum from $55.00 to $66.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Credit Suisse Group set a $71.00 target price on shares of Anadarko Petroleum and gave the company a “buy” rating in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. TheStreet upgraded shares of Anadarko Petroleum from a “d+” rating to a “c” rating in a research report on Tuesday, February 6th. Finally, Jefferies Group reiterated a “buy” rating and issued a $78.00 target price on shares of Anadarko Petroleum in a research report on Thursday. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and nineteen have given a buy rating to the company’s stock. Anadarko Petroleum presently has a consensus rating of “Buy” and a consensus price target of $68.35.

Anadarko Petroleum (NYSE:APC) opened at $56.13 on Friday. The company has a current ratio of 1.73, a quick ratio of 2.03 and a debt-to-equity ratio of 0.87. The firm has a market cap of $30,711.96, a price-to-earnings ratio of -69.30, a price-to-earnings-growth ratio of 9.59 and a beta of 1.42. Anadarko Petroleum has a 12-month low of $39.96 and a 12-month high of $70.00.

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

Anadarko Petroleum announced that its Board of Directors has initiated a share buyback plan on Wednesday, February 7th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the oil and gas development company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Stelac Advisory Services LLC purchased a new position in Anadarko Petroleum during the third quarter worth about $107,000. Fis Group Inc. purchased a new position in Anadarko Petroleum during the third quarter worth about $107,000. Steward Partners Investment Advisory LLC purchased a new position in Anadarko Petroleum during the third quarter worth about $116,000. Cerebellum GP LLC purchased a new position in Anadarko Petroleum during the fourth quarter worth about $131,000. Finally, Resources Investment Advisors Inc. purchased a new position in Anadarko Petroleum during the fourth quarter worth about $142,000. 87.82% of the stock is 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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