BMO Capital Markets Analysts Give Anadarko Petroleum Corporation (APC) a $50.00 Price Target

Anadarko Petroleum Corporation (NYSE:APC) has been assigned a $50.00 target price by analysts at BMO Capital Markets in a research note issued on Tuesday. The brokerage presently has a “hold” rating on the oil and gas development company’s stock. BMO Capital Markets’ price objective points to a potential upside of 3.28% from the stock’s previous close.

A number of other research firms also recently issued reports on APC. Jefferies Group LLC reiterated a “buy” rating and issued a $57.00 target price on shares of Anadarko Petroleum Corporation in a research report on Tuesday. Royal Bank Of Canada set a $78.00 target price on shares of Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research report on Saturday, June 17th. BidaskClub downgraded shares of Anadarko Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. Stifel Nicolaus set a $73.00 target price on shares of Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research report on Thursday, October 5th. Finally, Atlantic Securities upgraded shares of Anadarko Petroleum Corporation from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $49.05 to $62.00 in a research report on Friday, October 6th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $68.96.

Anadarko Petroleum Corporation (NYSE APC) opened at 48.41 on Tuesday. The firm’s market capitalization is $27.13 billion. The firm has a 50-day moving average price of $44.98 and a 200 day moving average price of $49.06. Anadarko Petroleum Corporation has a one year low of $39.96 and a one year high of $73.33.

Anadarko Petroleum Corporation (NYSE:APC) last posted its quarterly earnings data on Monday, July 24th. The oil and gas development company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.42). Anadarko Petroleum Corporation had a negative return on equity of 9.71% and a negative net margin of 19.31%. The firm had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the business posted ($0.60) EPS. The company’s revenue for the quarter was up 41.8% on a year-over-year basis. Equities research analysts anticipate that Anadarko Petroleum Corporation will post ($2.11) earnings per share for the current year.

Anadarko Petroleum Corporation declared that its board has authorized a stock buyback plan on Wednesday, September 20th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the oil and gas development company to buy up to 10% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

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Several institutional investors have recently added to or reduced their stakes in APC. Guardian Life Insurance Co. of America lifted its position in shares of Anadarko Petroleum Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,156 shares of the oil and gas development company’s stock worth $134,000 after purchasing an additional 15 shares in the last quarter. FNY Partners Fund LP lifted its position in shares of Anadarko Petroleum Corporation by 2,900.0% in the second quarter. FNY Partners Fund LP now owns 3,000 shares of the oil and gas development company’s stock worth $136,000 after purchasing an additional 2,900 shares in the last quarter. Sun Life Financial INC lifted its position in shares of Anadarko Petroleum Corporation by 1,363.4% in the second quarter. Sun Life Financial INC now owns 3,000 shares of the oil and gas development company’s stock worth $136,000 after purchasing an additional 2,795 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its position in shares of Anadarko Petroleum Corporation by 12.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 3,606 shares of the oil and gas development company’s stock worth $166,000 after purchasing an additional 402 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Anadarko Petroleum Corporation by 33.9% in the first quarter. Fifth Third Bancorp now owns 2,687 shares of the oil and gas development company’s stock worth $167,000 after purchasing an additional 680 shares in the last quarter. Institutional investors own 85.05% of the company’s stock.

About Anadarko Petroleum Corporation

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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