Anadarko Petroleum PT Raised to $128.00 (APC)

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Equities research analysts at Stifel Nicolaus raised their target price on shares of Anadarko Petroleum (NYSE:APC) from $110.00 to $128.00 in a research note issued to investors on Wednesday. Stifel Nicolaus’ target price would suggest a potential upside of 17.18% from the company’s current price.

Anadarko Petroleum (NYSE:APC) opened at 109.23 on Wednesday. Anadarko Petroleum has a 52-week low of $73.60 and a 52-week high of $112.80. The stock has a 50-day moving average of $108.5 and a 200-day moving average of $95.09. The company’s market cap is $55.167 billion.

Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.30 by $0.02. The company had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. The company’s quarterly revenue was up 26.9% on a year-over-year basis. Analysts expect that Anadarko Petroleum will post $5.34 EPS for the current fiscal year.

APC has been the subject of a number of other recent research reports. Analysts at Credit Suisse raised their price target on shares of Anadarko Petroleum from $122.00 to $134.00 in a research note on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Barclays cut their price target on shares of Anadarko Petroleum from $125.00 to $121.00 in a research note on Monday, July 21st. They now have an “equal weight” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Anadarko Petroleum in a research note on Friday, July 18th. They now have a $137.00 price target on the stock, up previously from $126.00. Nine investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $117.31.

Anadarko Petroleum Corporation (NYSE:APC) is an independent exploration and production company.

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