Anadarko Petroleum Corporation’s (APC) “Buy” Rating Reaffirmed at Cowen and Company

Anadarko Petroleum Corporation (NYSE:APC)‘s stock had its “buy” rating reiterated by investment analysts at Cowen and Company in a report issued on Sunday. They currently have a $60.00 target price on the oil and gas development company’s stock. Cowen and Company’s target price indicates a potential upside of 37.77% from the company’s previous close.

APC has been the topic of a number of other research reports. Jefferies Group LLC set a $62.00 price objective on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research note on Monday, August 28th. Citigroup Inc. dropped their price objective on Anadarko Petroleum Corporation from $85.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. BMO Capital Markets reissued a “hold” rating and issued a $53.00 price objective on shares of Anadarko Petroleum Corporation in a research note on Monday, September 4th. Royal Bank Of Canada set a $62.00 price objective on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research note on Thursday, August 24th. Finally, Stifel Nicolaus restated a “buy” rating on shares of Anadarko Petroleum Corporation in a report on Sunday, September 3rd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. Anadarko Petroleum Corporation presently has a consensus rating of “Buy” and a consensus price target of $70.12.

Shares of Anadarko Petroleum Corporation (NYSE APC) opened at 43.55 on Friday. The stock’s 50 day moving average price is $42.85 and its 200 day moving average price is $51.03. Anadarko Petroleum Corporation has a 1-year low of $39.96 and a 1-year high of $73.33. The stock’s market cap is $24.40 billion.

Anadarko Petroleum Corporation (NYSE:APC) last announced its earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($0.42). The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.50 billion. Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. The firm’s revenue was up 41.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.60) EPS. On average, equities research analysts anticipate that Anadarko Petroleum Corporation will post ($2.12) EPS for the current fiscal year.

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Large investors have recently bought and sold shares of the business. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Anadarko Petroleum Corporation by 1.6% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,121,709 shares of the oil and gas development company’s stock worth $50,858,000 after buying an additional 17,411 shares in the last quarter. Andra AP fonden lifted its holdings in Anadarko Petroleum Corporation by 13.7% during the 2nd quarter. Andra AP fonden now owns 84,000 shares of the oil and gas development company’s stock worth $3,809,000 after buying an additional 10,100 shares in the last quarter. Cipher Capital LP lifted its holdings in Anadarko Petroleum Corporation by 364.8% during the 2nd quarter. Cipher Capital LP now owns 140,420 shares of the oil and gas development company’s stock worth $6,367,000 after buying an additional 110,209 shares in the last quarter. Quantitative Investment Management LLC lifted its holdings in Anadarko Petroleum Corporation by 1,683.1% during the 1st quarter. Quantitative Investment Management LLC now owns 148,000 shares of the oil and gas development company’s stock worth $9,176,000 after buying an additional 139,700 shares in the last quarter. Finally, Homrich & Berg lifted its holdings in Anadarko Petroleum Corporation by 46.2% during the 1st quarter. Homrich & Berg now owns 9,045 shares of the oil and gas development company’s stock worth $561,000 after buying an additional 2,857 shares in the last quarter. 85.08% of the stock is currently owned by hedge funds and other institutional investors.

Anadarko Petroleum Corporation 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 Corporation (NYSE:APC)

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