Equities research analysts at Raymond James lowered their price target on shares of Anadarko Petroleum Corp. (NYSE:APC) from $105.00 to $104.00 in a research note issued to investors on Friday, AR Network reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective suggests a potential upside of 10.76% from the stock’s previous close.
A number of other analysts have also recently weighed in on APC. Analysts at Societe Generale raised their price target on shares of Anadarko Petroleum Corp. from $103.00 to $108.00 in a research note to investors on Wednesday, October 2nd. They now have a “buy” rating on the stock. Separately, analysts at Atlantic Securities initiated coverage on shares of Anadarko Petroleum Corp. in a research note to investors on Tuesday, October 1st. They set a “neutral” rating and a $92.99 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Anadarko Petroleum Corp. in a research note to investors on Monday, September 30th. They now have a $99.00 price target on the stock. Four research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. Anadarko Petroleum Corp. currently has a consensus rating of “Buy” and an average price target of $105.28.
Anadarko Petroleum Corp. (NYSE:APC) traded down 0.17% during mid-day trading on Friday, hitting $93.74. 358,905 shares of the company’s stock traded hands. Anadarko Petroleum Corp. has a 52 week low of $65.82 and a 52 week high of $96.75. The stock has a 50-day moving average of $92.84 and a 200-day moving average of $88.56. The company has a market cap of $47.124 billion and a price-to-earnings ratio of 27.71. Anadarko Petroleum Corp. also saw some unusual options trading activity on Friday. Investors purchased 12,641 call options on the stock. This is an increase of approximately 132% compared to the typical volume of 5,458 call options.
Anadarko Petroleum Corp. (NYSE:APC) last issued its quarterly earnings data on Monday, July 29th. The company reported $1.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.91 by $0.14. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. On average, analysts predict that Anadarko Petroleum Corp. will post $4.53 earnings per share for the current fiscal year.
Anadarko Petroleum Corporation (NYSE:APC) is an independent exploration and production company.
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