Anadarko Petroleum (NYSE:APC)‘s stock had its “buy” rating reiterated by Mizuho in a research report issued to clients and investors on Tuesday. They presently have a $55.00 price target on the oil and gas development company’s stock. Mizuho’s price objective suggests a potential upside of 28.19% from the company’s previous close.
Several other equities research analysts also recently issued reports on the company. Mitsubishi UFJ Financial Group lowered their price target on Anadarko Petroleum to $70.00 in a report on Thursday, February 7th. Credit Suisse Group lowered their price target on Anadarko Petroleum from $73.00 to $67.00 and set an “outperform” rating for the company in a report on Wednesday, February 6th. SunTrust Banks set a $55.00 price target on Anadarko Petroleum and gave the stock a “hold” rating in a report on Tuesday, January 29th. Zacks Investment Research upgraded Anadarko Petroleum from a “sell” rating to a “hold” rating in a report on Wednesday, January 9th. Finally, Capital One Financial cut Anadarko Petroleum from an “overweight” rating to an “equal weight” rating in a research report on Thursday, December 20th. Seven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Anadarko Petroleum has an average rating of “Buy” and a consensus target price of $76.25.
NYSE APC traded up $0.34 on Tuesday, reaching $42.91. The company had a trading volume of 2,812,392 shares, compared to its average volume of 5,371,868. The company has a market capitalization of $21.10 billion, a PE ratio of 18.98, a P/E/G ratio of 1.79 and a beta of 1.58. The company has a current ratio of 0.81, a quick ratio of 0.87 and a debt-to-equity ratio of 1.41. Anadarko Petroleum has a 52 week low of $40.40 and a 52 week high of $76.70.
Anadarko Petroleum (NYSE:APC) last announced its quarterly earnings results on Tuesday, February 5th. The oil and gas development company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.19). Anadarko Petroleum had a return on equity of 10.14% and a net margin of 4.60%. The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter last year, the company earned $0.18 earnings per share. The firm’s revenue was up 14.3% compared to the same quarter last year. As a group, sell-side analysts predict that Anadarko Petroleum will post 1.54 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of APC. Wellington Shields & Co. LLC acquired a new position in Anadarko Petroleum during the fourth quarter valued at approximately $881,000. Advisor Group Inc. boosted its position in Anadarko Petroleum by 9.6% during the fourth quarter. Advisor Group Inc. now owns 24,405 shares of the oil and gas development company’s stock valued at $1,069,000 after purchasing an additional 2,136 shares during the last quarter. Ontario Teachers Pension Plan Board boosted its position in Anadarko Petroleum by 182.0% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 9,888 shares of the oil and gas development company’s stock valued at $433,000 after purchasing an additional 6,381 shares during the last quarter. Bremer Trust National Association acquired a new position in Anadarko Petroleum during the fourth quarter valued at approximately $47,000. Finally, NEXT Financial Group Inc boosted its position in Anadarko Petroleum by 11,547.8% during the fourth quarter. NEXT Financial Group Inc now owns 2,679 shares of the oil and gas development company’s stock valued at $117,000 after purchasing an additional 2,656 shares during the last quarter. 85.57% of the stock is owned by institutional investors.
Anadarko Petroleum Company Profile
Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Exploration and Production, WES Midstream, and Other Midstream. The company explores for and produces oil, natural gas, and natural gas liquids (NGLs).
Read More: What are the most popular ETFs
Receive News & Ratings for Anadarko Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anadarko Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.