Guggenheim Increases Anadarko Petroleum Price Target to $127.00 (APC)

Share on StockTwits

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.

Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.

Latest News

Security Cost for TSA Increases on Monday
Security Cost for TSA Increases on Monday
Asian Investor Acquire Forbes
Asian Investor Acquire Forbes
Crossovers and SUVs Most Popular Vehicles in U.S.
Crossovers and SUVs Most Popular Vehicles in U.S.
AbbVie Finally Reaches Deal for Shire
AbbVie Finally Reaches Deal for Shire
Bank Robbery Gunfight Kills 1 Hostage and 2 Suspects
Bank Robbery Gunfight Kills 1 Hostage and 2 Suspects
Apple Gains Market Share on Samsung
Apple Gains Market Share on Samsung


Leave a Reply

 
© 2006-2014 WKRB News.