Anadarko Petroleum (APC) Given a $73.00 Price Target at Stifel Nicolaus

Anadarko Petroleum (NYSE:APC) has been given a $73.00 price objective by investment analysts at Stifel Nicolaus in a research note issued on Monday. The firm currently has a “buy” rating on the oil and gas development company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 9.31% from the company’s previous close.

A number of other research analysts have also recently issued reports on the stock. ValuEngine raised shares of Anadarko Petroleum from a “sell” rating to a “hold” rating in a report on Saturday. Piper Jaffray reiterated a “buy” rating and issued a $77.00 price objective on shares of Anadarko Petroleum in a research note on Wednesday, April 18th. Royal Bank of Canada set a $79.00 price objective on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research note on Friday, April 13th. Jefferies Group set a $76.00 price objective on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research note on Monday, March 19th. Finally, UBS started coverage on shares of Anadarko Petroleum in a research note on Wednesday, March 7th. They issued a “buy” rating and a $74.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eighteen have assigned a buy rating to the stock. Anadarko Petroleum currently has a consensus rating of “Buy” and a consensus target price of $68.05.

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NYSE APC opened at $66.78 on Monday. The firm has a market capitalization of $35,405.07, a price-to-earnings ratio of -34.07, a P/E/G ratio of 3.85 and a beta of 1.27. Anadarko Petroleum has a 12-month low of $39.96 and a 12-month high of $67.34. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.73 and a quick ratio of 1.73.

Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings results on Tuesday, February 6th. The oil and gas development company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.15. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Anadarko Petroleum had a negative net margin of 3.83% and a negative return on equity of 7.48%. The business’s quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter last year, the company posted ($0.50) earnings per share. equities analysts anticipate that Anadarko Petroleum will post 1.73 earnings per share for the current year.

Anadarko Petroleum announced that its board has approved a stock buyback plan on Wednesday, February 7th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the oil and gas development company to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

A number of hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. grew its position in Anadarko Petroleum by 13.1% during the fourth quarter. Franklin Resources Inc. now owns 14,853,841 shares of the oil and gas development company’s stock valued at $796,760,000 after buying an additional 1,723,576 shares during the period. Geode Capital Management LLC grew its position in shares of Anadarko Petroleum by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 5,382,643 shares of the oil and gas development company’s stock valued at $288,074,000 after purchasing an additional 48,739 shares during the period. Boston Partners grew its position in shares of Anadarko Petroleum by 20.5% in the fourth quarter. Boston Partners now owns 4,399,407 shares of the oil and gas development company’s stock valued at $235,984,000 after purchasing an additional 748,309 shares during the period. Bessemer Group Inc. grew its position in shares of Anadarko Petroleum by 2.8% in the fourth quarter. Bessemer Group Inc. now owns 2,767,247 shares of the oil and gas development company’s stock valued at $148,436,000 after purchasing an additional 74,461 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Anadarko Petroleum by 1.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,173,067 shares of the oil and gas development company’s stock valued at $116,564,000 after purchasing an additional 21,214 shares during the period. Institutional investors own 87.96% of the company’s stock.

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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).

Analyst Recommendations for Anadarko Petroleum (NYSE:APC)

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