Analysts Set Anadarko Petroleum Co. (APC) Target Price at $79.15

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Anadarko Petroleum Co. (NYSE:APC) has earned a consensus recommendation of “Buy” from the twenty-eight research firms that are presently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $79.15.

Several research analysts have recently weighed in on APC shares. Guggenheim restated a “buy” rating and issued a $79.00 target price on shares of Anadarko Petroleum in a research note on Thursday, November 1st. Credit Suisse Group set a $89.00 price target on shares of Anadarko Petroleum and gave the company a “buy” rating in a report on Wednesday, October 31st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $80.00 price target on shares of Anadarko Petroleum in a report on Wednesday, October 31st. BMO Capital Markets reaffirmed a “buy” rating and issued a $85.00 price target on shares of Anadarko Petroleum in a report on Thursday, October 11th. Finally, Piper Jaffray Companies set a $85.00 price target on shares of Anadarko Petroleum and gave the company a “buy” rating in a report on Sunday, September 30th.

Several large investors have recently modified their holdings of APC. Moody National Bank Trust Division increased its holdings in shares of Anadarko Petroleum by 0.6% in the 4th quarter. Moody National Bank Trust Division now owns 70,901 shares of the oil and gas development company’s stock worth $3,109,000 after acquiring an additional 400 shares during the period. YHB Investment Advisors Inc. increased its holdings in shares of Anadarko Petroleum by 3.8% in the 4th quarter. YHB Investment Advisors Inc. now owns 20,485 shares of the oil and gas development company’s stock worth $898,000 after acquiring an additional 750 shares during the period. Cobiz Wealth LLC increased its holdings in shares of Anadarko Petroleum by 1.2% in the 3rd quarter. Cobiz Wealth LLC now owns 71,811 shares of the oil and gas development company’s stock worth $4,841,000 after acquiring an additional 825 shares during the period. Welch & Forbes LLC increased its holdings in shares of Anadarko Petroleum by 1.3% in the 3rd quarter. Welch & Forbes LLC now owns 75,094 shares of the oil and gas development company’s stock worth $5,062,000 after acquiring an additional 940 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its holdings in shares of Anadarko Petroleum by 1.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 85,768 shares of the oil and gas development company’s stock worth $5,782,000 after acquiring an additional 991 shares during the period. 84.94% of the stock is currently owned by institutional investors.

Shares of APC stock traded down $0.42 on Friday, hitting $47.23. The stock had a trading volume of 44,043 shares, compared to its average volume of 4,558,174. The company has a market capitalization of $24.16 billion, a PE ratio of -24.14, a price-to-earnings-growth ratio of 1.42 and a beta of 1.55. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.40. Anadarko Petroleum has a 52-week low of $40.40 and a 52-week high of $76.70.

Anadarko Petroleum (NYSE:APC) last announced its earnings results on Tuesday, October 30th. The oil and gas development company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.02). The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.47 billion. Anadarko Petroleum had a net margin of 11.49% and a return on equity of 8.90%. Anadarko Petroleum’s revenue for the quarter was up 48.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.77) earnings per share. Equities research analysts predict that Anadarko Petroleum will post 2.6 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 26th. Shareholders of record on Wednesday, December 12th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.54%. This is a boost from Anadarko Petroleum’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, December 11th. Anadarko Petroleum’s dividend payout ratio is -61.22%.

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).

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Analyst Recommendations for Anadarko Petroleum (NYSE:APC)

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