Anadarko Petroleum Rating Reiterated by TheStreet (APC)
“Anadarko Petroleum (APC) has been reiterated by TheStreet Ratings as a buy with a ratings score of B- . The company’s strengths can be seen in multiple areas, such as its compelling growth in net income, good cash flow from operations, expanding profit margins, impressive record of earnings per share growth and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.”
,” TheStreet’s analyst wrote.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a buy rating on shares of Anadarko Petroleum in a research note to investors on Wednesday, March 6th. They now have a $96.00 price target on the stock. Separately, analysts at EVA Dimensions downgraded shares of Anadarko Petroleum to a hold rating in a research note to investors on Wednesday, February 27th. Finally, analysts at Global Hunter Securities raised their price target on shares of Anadarko Petroleum from $107.00 to $110.00 in a research note to investors on Monday, February 25th.
Twenty-two analysts have rated the stock with a buy rating, five have assigned an overweight rating, and three have given a hold rating to the stock. The company currently has a consensus rating of buy and a consensus target price of $103.50.
Shares of Anadarko Petroleum traded up 1.30% during mid-day trading on Tuesday, hitting $85.035. Anadarko Petroleum has a 52 week low of $56.42 and a 52 week high of $84.95. The stock’s 50-day moving average is currently $81.69. The company has a market cap of $42.566 billion and a P/E ratio of 17.71.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, March 27th. Investors of record on Wednesday, March 13th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Monday, March 11th.
Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. As of December 31, 2011, the Company had over 2.
To view TheStreet’s full report, visit www.thestreetratings.com
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