Anadarko Petroleum Co. (NASDAQ:APC) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Anadarko Petroleum Co. (NASDAQ:APC) have received an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $21.60.

APC has been the topic of a number of analyst reports. Capital One Financial assumed coverage on Anadarko Petroleum in a report on Monday, March 9th. They set an “overweight” rating and a $21.00 target price on the stock. UBS Group assumed coverage on Anadarko Petroleum in a report on Monday, March 9th. They issued a “buy” rating and a $22.00 price target for the company. Mizuho assumed coverage on Anadarko Petroleum in a report on Monday, March 9th. They issued a “neutral” rating and a $20.00 price target for the company. Stifel Nicolaus assumed coverage on Anadarko Petroleum in a report on Monday, March 9th. They issued a “buy” rating and a $22.00 price target for the company. Finally, Zacks Research raised Anadarko Petroleum from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th.

Anadarko Petroleum Trading Up 3.0%

Shares of Anadarko Petroleum stock opened at $18.59 on Tuesday. Anadarko Petroleum has a 12-month low of $17.00 and a 12-month high of $21.72. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.95. The stock has a market cap of $233.68 million, a PE ratio of 43.23, a price-to-earnings-growth ratio of 5.64 and a beta of 1.64. The company has a 50-day moving average of $19.36 and a two-hundred day moving average of $37.40.

Anadarko Petroleum (NASDAQ:APC) last issued its quarterly earnings data on Friday, May 15th. The oil and gas development company reported $0.20 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.20. Anadarko Petroleum had a negative net margin of 4.20% and a positive return on equity of 10.49%. The business’s revenue was down .2% compared to the same quarter last year. On average, research analysts anticipate that Anadarko Petroleum will post 1.97 EPS for the current fiscal year.

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). It is also involved in gathering, processing, treating, and transporting oil, natural-gas, and NGLs production, as well as the gathering and disposal of produced water. The company's oil and natural gas properties are located in the United States onshore and deepwater Gulf of Mexico; and Algeria, Ghana, Mozambique, Colombia, Peru, and other countries.