Anadarko Petroleum Co. (NASDAQ:APC) Receives $21.60 Consensus Target Price from Analysts

Anadarko Petroleum Co. (NASDAQ:APC) has received an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $21.60.

Several research analysts recently commented on APC shares. Zacks Research downgraded shares of Anadarko Petroleum from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Weiss Ratings began coverage on shares of Anadarko Petroleum in a report on Thursday, May 28th. They set a “sell (e)” rating on the stock.

Anadarko Petroleum Stock Down 2.4%

APC stock opened at $20.71 on Friday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $260.32 million, a price-to-earnings ratio of 48.16, a PEG ratio of 5.64 and a beta of 1.64. Anadarko Petroleum has a fifty-two week low of $17.00 and a fifty-two week high of $21.72. The stock has a fifty day moving average of $19.64 and a 200-day moving average of $30.41.

Anadarko Petroleum (NASDAQ:APC) last announced its quarterly earnings data on Friday, May 15th. The oil and gas development company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. Anadarko Petroleum had a positive return on equity of 10.49% and a negative net margin of 4.20%.The firm’s revenue was down .2% compared to the same quarter last year. As a group, equities research analysts predict that Anadarko Petroleum will post 1.97 earnings per share for the current year.

About Anadarko Petroleum

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). It is also involved in gathering, processing, treating, and transporting oil, natural-gas, and NGLs production, as well as the gathering and disposal of produced water. The company's oil and natural gas properties are located in the United States onshore and deepwater Gulf of Mexico; and Algeria, Ghana, Mozambique, Colombia, Peru, and other countries.