Anadarko Petroleum Corporation (NYSE:APC) PT Set at $64.00 by Scotiabank
Anadarko Petroleum Corporation (NYSE:APC) has been assigned a $64.00 target price by stock analysts at Scotiabank in a report released on Friday. The brokerage presently has a “buy” rating on the oil and gas development company’s stock. Scotiabank’s price target suggests a potential upside of 46.99% from the stock’s previous close.
APC has been the topic of a number of other research reports. Citigroup Inc. lowered their target price on Anadarko Petroleum Corporation from $85.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Stifel Nicolaus restated a “buy” rating and issued a $81.00 target price (up previously from $77.00) on shares of Anadarko Petroleum Corporation in a research note on Friday, May 12th. Royal Bank Of Canada set a $84.00 target price on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research note on Thursday, April 20th. Jefferies Group LLC set a $62.00 target price on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research note on Tuesday, June 6th. Finally, Barclays PLC downgraded Anadarko Petroleum Corporation from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $52.00 to $42.00 in a research note on Wednesday, June 14th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Anadarko Petroleum Corporation presently has an average rating of “Buy” and a consensus price target of $69.73.
Shares of Anadarko Petroleum Corporation (APC) traded down 0.37% on Friday, reaching $43.54. The company’s stock had a trading volume of 3,788,050 shares. Anadarko Petroleum Corporation has a 12-month low of $42.58 and a 12-month high of $73.33. The firm has a 50 day moving average price of $44.60 and a 200-day moving average price of $55.50. The stock’s market cap is $24.40 billion.
Anadarko Petroleum Corporation (NYSE:APC) last issued its earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by $0.42. Anadarko Petroleum Corporation had a negative return on equity of 9.71% and a negative net margin of 19.31%. The company had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the previous year, the company earned ($0.60) EPS. The firm’s quarterly revenue was up 41.8% compared to the same quarter last year. Equities research analysts expect that Anadarko Petroleum Corporation will post ($2.11) EPS for the current year.
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In related news, Director Anthony R. Chase bought 1,905 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The stock was purchased at an average cost of $52.48 per share, for a total transaction of $99,974.40. Following the completion of the acquisition, the director now owns 23,636 shares in the company, valued at approximately $1,240,417.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman R A. Walker bought 19,300 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was bought at an average price of $51.82 per share, with a total value of $1,000,126.00. Following the completion of the acquisition, the chairman now owns 176,718 shares of the company’s stock, valued at approximately $9,157,526.76. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 41,205 shares of company stock valued at $2,136,700. 0.45% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Clean Yield Group bought a new position in Anadarko Petroleum Corporation during the first quarter worth about $105,000. Assetmark Inc. raised its position in Anadarko Petroleum Corporation by 10.7% in the first quarter. Assetmark Inc. now owns 1,815 shares of the oil and gas development company’s stock worth $113,000 after buying an additional 176 shares during the period. Winch Advisory Services LLC raised its position in Anadarko Petroleum Corporation by 501.9% in the first quarter. Winch Advisory Services LLC now owns 2,167 shares of the oil and gas development company’s stock worth $126,000 after buying an additional 1,807 shares during the period. Guardian Life Insurance Co. of America raised its position in Anadarko Petroleum Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,156 shares of the oil and gas development company’s stock worth $134,000 after buying an additional 15 shares during the period. Finally, FNY Partners Fund LP raised its position in Anadarko Petroleum Corporation by 2,900.0% in the second quarter. FNY Partners Fund LP now owns 3,000 shares of the oil and gas development company’s stock worth $136,000 after buying an additional 2,900 shares during the period. Hedge funds and other institutional investors own 84.56% of the company’s stock.
About Anadarko Petroleum Corporation
Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.
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