Anadarko Petroleum Co. (NASDAQ:APC) Receives $21.60 Consensus Price Target from Brokerages

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

A number of analysts recently issued reports on the stock. UBS Group began coverage on shares of Anadarko Petroleum in a research report on Monday, March 9th. They set a “buy” rating and a $22.00 target price for the company. Weiss Ratings began coverage on shares of Anadarko Petroleum in a research report on Thursday, May 28th. They issued a “sell (e)” rating for the company. Stifel Nicolaus began coverage on shares of Anadarko Petroleum in a research note on Monday, March 9th. They issued a “buy” rating and a $22.00 target price on the stock. Zacks Research upgraded shares of Anadarko Petroleum from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Finally, Mizuho began coverage on shares of Anadarko Petroleum in a research report on Monday, March 9th. They set a “neutral” rating and a $20.00 price target for the company.

Anadarko Petroleum Price Performance

Shares of Anadarko Petroleum stock opened at $18.91 on Tuesday. Anadarko Petroleum has a twelve month low of $17.00 and a twelve month high of $21.72. The stock has a market capitalization of $237.70 million, a P/E ratio of 43.98, a PEG ratio of 5.64 and a beta of 1.64. 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 business’s fifty day moving average price is $19.36 and its 200 day moving average price is $36.77.

Anadarko Petroleum (NASDAQ:APC) last announced its quarterly earnings results on Friday, May 15th. The oil and gas development company reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. Anadarko Petroleum had a positive return on equity of 10.49% and a negative net margin of 4.20%.The business’s revenue for the quarter was down .2% on a year-over-year basis. As a group, research analysts anticipate that Anadarko Petroleum will post 1.97 earnings per share for the current year.

About Anadarko Petroleum

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.