Anadarko Petroleum (NYSE:APC) had its price target decreased by investment analysts at Morgan Stanley from $83.00 to $76.00 in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The firm currently has a “hold” rating on the oil and gas development company’s stock. Morgan Stanley’s price target indicates a potential upside of 45.18% from the company’s previous close.

A number of other brokerages have also recently issued reports on APC. Seaport Global Securities reaffirmed a “buy” rating on shares of Anadarko Petroleum in a research note on Wednesday, July 25th. Stifel Nicolaus reduced their price objective on Anadarko Petroleum from $85.00 to $84.00 and set a “buy” rating on the stock in a research note on Wednesday, August 1st. Zacks Investment Research cut Anadarko Petroleum from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. Mizuho began coverage on Anadarko Petroleum in a research note on Monday, July 23rd. They set a “buy” rating and a $102.00 price objective on the stock. Finally, ValuEngine cut Anadarko Petroleum from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Five investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Anadarko Petroleum has a consensus rating of “Buy” and an average target price of $80.80.

APC opened at $52.35 on Tuesday. Anadarko Petroleum has a 52 week low of $46.80 and a 52 week high of $76.70. The firm has a market capitalization of $28.04 billion, a P/E ratio of -26.71, a PEG ratio of 1.65 and a beta of 1.45. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.40.

Anadarko Petroleum (NYSE:APC) last announced its quarterly earnings data on Tuesday, October 30th. The oil and gas development company reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.02). Anadarko Petroleum had a net margin of 11.49% and a return on equity of 8.90%. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period last year, the business posted ($0.77) earnings per share. The firm’s quarterly revenue was up 48.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Anadarko Petroleum will post 2.87 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of APC. BlackRock Inc. lifted its holdings in Anadarko Petroleum by 11.8% in the third quarter. BlackRock Inc. now owns 47,443,900 shares of the oil and gas development company’s stock worth $3,198,193,000 after buying an additional 5,004,406 shares during the period. AQR Capital Management LLC lifted its holdings in Anadarko Petroleum by 350.0% in the third quarter. AQR Capital Management LLC now owns 5,737,992 shares of the oil and gas development company’s stock worth $386,798,000 after buying an additional 4,462,780 shares during the period. Bank of New York Mellon Corp lifted its holdings in Anadarko Petroleum by 46.9% in the second quarter. Bank of New York Mellon Corp now owns 7,941,486 shares of the oil and gas development company’s stock worth $581,714,000 after buying an additional 2,536,173 shares during the period. Point72 Asset Management L.P. lifted its holdings in Anadarko Petroleum by 192.9% in the third quarter. Point72 Asset Management L.P. now owns 3,200,687 shares of the oil and gas development company’s stock worth $215,758,000 after buying an additional 2,108,068 shares during the period. Finally, FMR LLC lifted its holdings in Anadarko Petroleum by 9.2% in the second quarter. FMR LLC now owns 23,949,562 shares of the oil and gas development company’s stock worth $1,754,305,000 after buying an additional 2,011,856 shares during the period. Institutional investors and hedge funds own 87.15% of the company’s stock.

Anadarko Petroleum Company Profile

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Exploration and Production, WES Midstream, and Other Midstream. The company explores for and produces oil, natural gas, and natural gas liquids (NGLs).

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Analyst Recommendations for Anadarko Petroleum (NYSE:APC)

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