Anadarko Petroleum Corporation (APC) PT Set at $50.00 by BMO Capital Markets

Anadarko Petroleum Corporation (NYSE:APC) has been given a $50.00 price objective by research analysts at BMO Capital Markets in a report released on Tuesday. The firm currently has a “hold” rating on the oil and gas development company’s stock. BMO Capital Markets’ price target would indicate a potential upside of 3.33% from the stock’s previous close.

APC has been the topic of several other research reports. Jefferies Group LLC set a $62.00 price target on Anadarko Petroleum Corporation and gave the company a “buy” rating in a research note on Monday, August 28th. Cowen and Company reaffirmed a “buy” rating and set a $60.00 price target on shares of Anadarko Petroleum Corporation in a research note on Sunday, September 17th. Citigroup Inc. cut their price target 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. Royal Bank Of Canada set a $62.00 price target on Anadarko Petroleum Corporation and gave the company a “buy” rating in a research note on Thursday, August 24th. Finally, Atlantic Securities raised Anadarko Petroleum Corporation from a “neutral” rating to an “overweight” rating and upped their price target for the company from $49.05 to $62.00 in a research note on Friday, October 6th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. Anadarko Petroleum Corporation currently has a consensus rating of “Buy” and an average price target of $68.75.

Shares of Anadarko Petroleum Corporation (NYSE APC) opened at 48.39 on Tuesday. The company’s market capitalization is $27.12 billion. Anadarko Petroleum Corporation has a 12 month low of $39.96 and a 12 month high of $73.33. The firm has a 50-day moving average of $45.16 and a 200 day moving average of $49.06.

Anadarko Petroleum Corporation (NYSE:APC) last issued its quarterly earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.42). Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the company earned ($0.60) EPS. The company’s revenue was up 41.8% compared to the same quarter last year. On average, equities research analysts expect that Anadarko Petroleum Corporation will post ($2.12) earnings per share for the current fiscal year.

Anadarko Petroleum Corporation declared that its board has initiated a share buyback program on Wednesday, September 20th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the oil and gas development company to repurchase up to 10% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its shares are undervalued.

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Several large investors have recently bought and sold shares of APC. BlackRock Inc. grew its holdings in shares of Anadarko Petroleum Corporation by 3,052.0% during the first quarter. BlackRock Inc. now owns 42,300,274 shares of the oil and gas development company’s stock worth $2,622,619,000 after buying an additional 40,958,268 shares in the last quarter. Dodge & Cox grew its holdings in shares of Anadarko Petroleum Corporation by 43.7% during the second quarter. Dodge & Cox now owns 32,794,208 shares of the oil and gas development company’s stock worth $1,486,889,000 after buying an additional 9,965,600 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Anadarko Petroleum Corporation by 106.6% during the second quarter. Franklin Resources Inc. now owns 14,394,958 shares of the oil and gas development company’s stock worth $652,661,000 after buying an additional 7,428,741 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Anadarko Petroleum Corporation by 47.4% during the first quarter. JPMorgan Chase & Co. now owns 12,999,493 shares of the oil and gas development company’s stock worth $805,967,000 after buying an additional 4,182,975 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Anadarko Petroleum Corporation by 5,465.5% during the second quarter. Janus Henderson Group PLC now owns 4,182,014 shares of the oil and gas development company’s stock worth $189,613,000 after buying an additional 4,106,872 shares in the last quarter. Institutional investors and hedge funds own 85.05% of the company’s stock.

Anadarko Petroleum Corporation Company Profile

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 Corporation (NYSE:APC)

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