Anadarko Petroleum (APC) Received a $77.00 Target Price at Jefferies Group

Postado Mai 17, 2018

More recent Anadarko Petroleum Corporation (NYSE:APC) news were published by: Bizjournals.com which released: "Western Gas names new COO, replacing exec who moved to former Anadarko CEO's new co." on May 15, 2018. Eight analysts have made estimates for Anadarko Petroleum's earnings. First American Trust FSB bought a new stake in shares of Anadarko Petroleum during the fourth quarter worth $3,324,000. The business is scheduled to report its next earnings results after the market closes on Tuesday, May 1st. For the next year, analysts forecast that the firm will post sales of $13.32 billion per share, with estimates ranging from $11.52 billion to $15.09 billion.

Anadarko Petroleum Corporation (NYSE:APC) is at least 74.4% than its current record low price of $39.96. The oil and gas development company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.15. JP Morgan upgraded Anadarko Petroleum Corporation (NYSE:APC) rating on Friday, April 15. The business's revenue for the quarter was down 19.2% on a year-over-year basis. For the past 5 years, the company's revenue has grown 40.8%, while the company's earnings per share has grown 23%.

APC has been the topic of several other reports. Piper Jaffray restated a "buy" rating and issued a $64.00 target price on shares of Anadarko Petroleum in a report on Tuesday, January 9th. Citigroup cut Anadarko Petroleum from a "buy" rating to a "neutral" rating and set a $60.00 target price for the company.in a report on Wednesday, January 3rd. Finally, Royal Bank of Canada set a $79.00 target price on Anadarko Petroleum and gave the stock a buy rating in a report on Friday, April 13th. TheStreet upgraded Anadarko Petroleum from a "d+" rating to a "c" rating in a research note on Tuesday, February 6th. Stifel Nicolaus reiterated a "buy" rating and issued a $76.00 price target (up from $73.00) on shares of Anadarko Petroleum in a research note on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eighteen have given a buy rating to the stock. Cowen set a $70.00 price objective on Anadarko Petroleum and gave the company a "buy" rating in a report on Thursday, January 18th. Gillespie Robinson & Grimm Inc. increased its stake in shares of Anadarko Petroleum by 26.2% in the fourth quarter. Gillespie Robinson & Grimm Inc. now owns 75,665 shares of the oil and gas development company's stock valued at $4,059,000 after purchasing an additional 15,700 shares in the last quarter. Grassi Investment Management increased its stake in Anadarko Petroleum by 9.5% during the fourth quarter. Geode Capital Management LLC now owns 5,382,643 shares of the oil and gas development company's stock worth $288,074,000 after acquiring an additional 48,739 shares in the last quarter. The short interest to Anadarko Petroleum Corporation's float is 4.09%. Innovations Limited Liability Company invested 2.39% in Anadarko Petroleum Corporation (NYSE:APC). Dimensional Fund Advisors LP now owns 2,582,421 shares of the oil and gas development company's stock worth $126,152,000 after acquiring an additional 63,165 shares in the last quarter. Institutional investors and hedge funds own 91.33% of the company's stock.

NYSE:APC traded up $0.29 during trading hours on Monday, hitting $66.78. The volume of 3.53 Million shares climbed down over an trading activity of 5.12 Million shares. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.33. The company has market cap of $35.57 billion. Anadarko Petroleum has a one year low of $69.62 and a one year high of $70.67. Also, the number of institutional investors holding Bassett Furniture Industries Inc in top ten holdings was flat from 1 to 1 for the same number. The Japan-based Mitsubishi Ufj Bk Corporation has invested 0.11% in Anadarko Petroleum Corporation (NYSE:APC). The board of directors will determine dividends on a quarterly basis. Mitchell Grp Inc has invested 5.82% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC). Xact Kapitalforvaltning AB grew its position in shares of Anadarko Petroleum by 14.3% during the fourth quarter. This buyback authorization allows the oil and gas development company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties.