Anadarko Petroleum (NYSE:APC) was upgraded by research analysts at TheStreet from a “d+” rating to a “c” rating in a research note issued to investors on Tuesday.

A number of other research firms have also recently commented on APC. Jefferies Group reiterated a “buy” rating and set a $57.00 target price on shares of Anadarko Petroleum in a research report on Tuesday, October 10th. BMO Capital Markets set a $50.00 target price on Anadarko Petroleum and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Barclays lifted their target price on Anadarko Petroleum from $35.00 to $37.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 11th. Citigroup cut their target price on Anadarko Petroleum from $60.00 to $58.00 and set a “buy” rating on the stock in a research report on Friday, October 13th. Finally, Wolfe Research cut Anadarko Petroleum from an “outperform” rating to a “market perform” rating in a research report on Monday, October 16th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nineteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $67.95.

Anadarko Petroleum (NYSE:APC) traded up $0.57 during trading on Tuesday, reaching $59.29. The company’s stock had a trading volume of 579,308 shares, compared to its average volume of 5,735,177. Anadarko Petroleum has a one year low of $39.96 and a one year high of $70.00. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.03 and a current ratio of 2.03. The firm has a market capitalization of $32,150.00, a PE ratio of -74.37, a PEG ratio of 894.29 and a beta of 1.42.

Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings results on Tuesday, February 6th. The oil and gas development company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.15. Anadarko Petroleum had a negative return on equity of 7.38% and a negative net margin of 3.83%. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the firm earned ($0.50) earnings per share. Anadarko Petroleum’s quarterly revenue was up 22.7% on a year-over-year basis. analysts anticipate that Anadarko Petroleum will post 0.01 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in APC. Bank of Nova Scotia grew its holdings in shares of Anadarko Petroleum by 233.6% during the second quarter. Bank of Nova Scotia now owns 426,370 shares of the oil and gas development company’s stock worth $19,332,000 after buying an additional 298,561 shares during the last quarter. Piedmont Investment Advisors LLC boosted its holdings in Anadarko Petroleum by 1.0% in the 2nd quarter. Piedmont Investment Advisors LLC now owns 119,805 shares of the oil and gas development company’s stock valued at $5,432,000 after purchasing an additional 1,189 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Anadarko Petroleum by 0.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 387,290 shares of the oil and gas development company’s stock valued at $17,560,000 after purchasing an additional 2,424 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in Anadarko Petroleum by 96.9% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 24,123 shares of the oil and gas development company’s stock valued at $1,094,000 after purchasing an additional 11,872 shares in the last quarter. Finally, Advisory Services Network LLC boosted its holdings in Anadarko Petroleum by 24.0% in the 2nd quarter. Advisory Services Network LLC now owns 4,812 shares of the oil and gas development company’s stock valued at $218,000 after purchasing an additional 932 shares in the last quarter. 88.02% of the stock is currently owned by hedge funds and other institutional investors.

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About Anadarko Petroleum

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.

Analyst Recommendations for Anadarko Petroleum (NYSE:APC)

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