Morgan Stanley Boosts Anadarko Petroleum (APC) Price Target to $75.00

Anadarko Petroleum (NYSE:APC) had its price target boosted by Morgan Stanley from $60.00 to $75.00 in a research report issued to clients and investors on Thursday, BenzingaRatingsTable reports. The brokerage currently has an “equal weight” rating on the oil and gas development company’s stock. Morgan Stanley’s price objective suggests a potential upside of 3.08% from the stock’s current price.

APC has been the topic of several other research reports. Cowen reiterated a “buy” rating and set a $71.00 price objective on shares of Anadarko Petroleum in a research report on Wednesday, April 17th. MKM Partners increased their price objective on Anadarko Petroleum to $73.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. Mizuho reiterated a “buy” rating and set a $55.00 price objective on shares of Anadarko Petroleum in a research report on Tuesday, February 12th. Citigroup began coverage on Anadarko Petroleum in a research report on Monday, April 1st. They set a “buy” rating and a $65.00 price objective on the stock. Finally, Susquehanna Bancshares reiterated a “neutral” rating and set a $65.00 price objective (up previously from $62.00) on shares of Anadarko Petroleum in a research report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, twenty-one have given a hold rating and eight have given a buy rating to the stock. Anadarko Petroleum currently has an average rating of “Hold” and a consensus target price of $70.14.

APC traded down $0.11 during trading hours on Thursday, reaching $72.76. The company’s stock had a trading volume of 122,398 shares, compared to its average volume of 9,415,303. Anadarko Petroleum has a 52 week low of $40.40 and a 52 week high of $76.70. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.51. The stock has a market cap of $36.54 billion, a PE ratio of 32.21, a price-to-earnings-growth ratio of 4.20 and a beta of 1.83.

Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings results on Thursday, April 25th. The oil and gas development company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.23. Anadarko Petroleum had a return on equity of 10.24% and a net margin of 3.53%. The business had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $2.91 billion. During the same quarter in the prior year, the business earned $0.52 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities analysts forecast that Anadarko Petroleum will post 2.66 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Janus Capital Management increased its holdings in shares of Anadarko Petroleum by 2.1% during the third quarter. Janus Capital Management now owns 1,758,565 shares of the oil and gas development company’s stock valued at $106,210,000 after acquiring an additional 35,349 shares in the last quarter. Nikko Asset Management Americas increased its holdings in shares of Anadarko Petroleum by 6.7% during the fourth quarter. Nikko Asset Management Americas now owns 320,436 shares of the oil and gas development company’s stock valued at $15,503,000 after acquiring an additional 20,200 shares in the last quarter. Beacon Capital Management bought a new stake in shares of Anadarko Petroleum during the fourth quarter valued at approximately $0. Woodstock boosted its position in shares of Anadarko Petroleum by 1.6% during the fourth quarter. Woodstock now owns 130,063 shares of the oil and gas development company’s stock valued at $6,318,000 after buying an additional 2,087 shares during the last quarter. Finally, Verde Servico Internacionais purchased a new position in shares of Anadarko Petroleum during the fourth quarter valued at approximately $8,516,000. Institutional investors own 86.53% of the company’s stock.

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).

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Analyst Recommendations for Anadarko Petroleum (NYSE:APC)

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