Anadarko Petroleum (NYSE:APC) had its target price boosted by Guggenheim from $120.00 to $127.00 in a report issued on Wednesday, Stock Ratings Network.com reports. They currently have a buy rating on the stock.
A number of other firms have also recently commented on APC. Analysts at FBR Capital Markets reiterated a market perform rating on shares of Anadarko Petroleum in a research note on Tuesday, April 15th. They now have a $100.00 price target on the stock. Separately, analysts at Argus raised their price target on shares of Anadarko Petroleum from $96.00 to $115.00 in a research note on Monday, April 7th. They now have a buy rating on the stock. Finally, analysts at KLR Group downgraded shares of Anadarko Petroleum from a buy rating to an accumulate rating in a research note on Monday, April 7th. They now have a $114.00 price target on the stock. Six research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $111.38.
Shares of Anadarko Petroleum (NYSE:APC) traded up 1.42% during mid-day trading on Wednesday, hitting $100.39. The stock had a trading volume of 4,062,819 shares. Anadarko Petroleum has a 1-year low of $73.60 and a 1-year high of $103.50. The stock’s 50-day moving average is $89.67 and its 200-day moving average is $86.96. The company has a market cap of $50.573 billion and a price-to-earnings ratio of 62.65.
Anadarko Petroleum (NYSE:APC) last released its earnings data on Tuesday, February 4th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by $0.17. The company had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. Analysts expect that Anadarko Petroleum will post $5.12 EPS for the current fiscal year.
In other Anadarko Petroleum news, EVP Robert Daniels sold 18,721 shares of Anadarko Petroleum stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $97.02, for a total transaction of $1,816,311.42. Following the sale, the executive vice president now directly owns 14,138 shares of the company’s stock, valued at approximately $1,371,669. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Anadarko Petroleum Corporation (NYSE:APC) is an independent exploration and production company.
To view Guggenheim’s full report, visit Guggenheim’s official website.
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