Anadarko Petroleum Corp. (NYSE:APC) shares shot up 5.7% on Friday . The stock traded as high as $56.67 and last traded at $56.57, with a volume of 3,242,136 shares trading hands. The stock had previously closed at $53.54.

Several research firms have commented on APC. Simmons reissued a “buy” rating on shares of Anadarko Petroleum Corp. in a research report on Saturday, May 14th. Deutsche Bank AG reissued a “hold” rating and issued a $58.00 target price on shares of Anadarko Petroleum Corp. in a research report on Thursday, May 5th. Jefferies Group reissued a “buy” rating and issued a $57.00 target price on shares of Anadarko Petroleum Corp. in a research report on Thursday, June 2nd. Vetr downgraded shares of Anadarko Petroleum Corp. from a “buy” rating to a “hold” rating and set a $52.80 target price for the company. in a research report on Wednesday, May 25th. Finally, Iberia Capital reissued a “buy” rating on shares of Anadarko Petroleum Corp. in a research report on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. Anadarko Petroleum Corp. currently has an average rating of “Buy” and an average price target of $66.27.

The stock’s market cap is $28.84 billion. The firm has a 50-day moving average of $54.12 and a 200-day moving average of $50.07.

Anadarko Petroleum Corp. (NYSE:APC) last posted its quarterly earnings results on Tuesday, July 26th. The oil and gas development company reported ($0.60) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.80) by $0.20. The company earned $1.92 billion during the quarter, compared to analyst estimates of $1.89 billion. The firm’s revenue for the quarter was down 27.4% compared to the same quarter last year. During the same period last year, the firm earned $0.01 EPS. On average, equities research analysts forecast that Anadarko Petroleum Corp. will post ($2.82) earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 28th. Investors of record on Wednesday, September 14th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend is Monday, September 12th.

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.

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