Anadarko Petroleum Corp. (NYSE:APC)‘s stock had its “hold” rating reaffirmed by stock analysts at BMO Capital Markets in a note issued to investors on Wednesday. They presently have a $55.00 price objective on the oil and gas development company’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 0.47% from the company’s previous close.
A number of other analysts also recently weighed in on APC. Deutsche Bank AG dropped their target price on Anadarko Petroleum Corp. from $60.00 to $58.00 and set a “hold” rating for the company in a research report on Tuesday, March 29th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $54.00 price target (up from $48.00) on shares of Anadarko Petroleum Corp. in a research note on Thursday, March 31st. JPMorgan Chase & Co. raised Anadarko Petroleum Corp. from a “neutral” rating to an “overweight” rating and set a $55.00 price target on the stock in a research note on Friday, April 15th. Vetr cut Anadarko Petroleum Corp. from a “strong-buy” rating to a “buy” rating and set a $57.38 price target on the stock. in a research note on Monday, April 25th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $60.00 price target (up from $58.00) on shares of Anadarko Petroleum Corp. in a research note on Tuesday, May 3rd. Three analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $67.22.
Several hedge funds have added to or reduced their stakes in APC. Kanaly Trust Co boosted its stake in Anadarko Petroleum Corp. by 44.2% in the second quarter. Kanaly Trust Co now owns 2,004 shares of the oil and gas development company’s stock valued at $107,000 after buying an additional 614 shares in the last quarter. Financial Architects Inc boosted its stake in Anadarko Petroleum Corp. by 90.9% in the second quarter. Financial Architects Inc now owns 1,995 shares of the oil and gas development company’s stock valued at $107,000 after buying an additional 950 shares in the last quarter. Security National Trust Co. boosted its stake in Anadarko Petroleum Corp. by 4.9% in the second quarter. Security National Trust Co. now owns 2,138 shares of the oil and gas development company’s stock valued at $114,000 after buying an additional 100 shares in the last quarter. IFP Advisors Inc boosted its stake in Anadarko Petroleum Corp. by 67.6% in the first quarter. IFP Advisors Inc now owns 2,836 shares of the oil and gas development company’s stock valued at $132,000 after buying an additional 1,144 shares in the last quarter. Finally, Loomis Sayles & Co. L P boosted its stake in Anadarko Petroleum Corp. by 0.7% in the first quarter. Loomis Sayles & Co. L P now owns 3,424 shares of the oil and gas development company’s stock valued at $159,000 after buying an additional 24 shares in the last quarter.
Anadarko Petroleum Corp. (NYSE:APC) last released its earnings results on Tuesday, July 26th. The oil and gas development company reported ($0.60) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.80) by $0.20. The firm earned $1.92 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the previous year, the firm earned $0.01 EPS. The business’s quarterly revenue was down 27.4% compared to the same quarter last year. Analysts anticipate that Anadarko Petroleum Corp. will post ($3.11) earnings per share for the current fiscal year.
Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company’s segments include Oil and Gas Exploration & Production; Midstream, and Marketing. The Oil and Gas Exploration & Production segment explores for and produces oil, condensate, natural gas and natural gas liquids (NGLs), and focuses on the development and operation of the Company’s liquefied natural gas (LNG) project in Mozambique.
