Anadarko Petroleum Co. (NASDAQ:APC) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Anadarko Petroleum Co. (NASDAQ:APC) have been given a consensus recommendation of “Moderate Buy” by the seven research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $21.60.

A number of brokerages recently issued reports on APC. Weiss Ratings began coverage on Anadarko Petroleum in a research report on Thursday, May 28th. They set a “sell (e)” rating on the stock. Zacks Research cut Anadarko Petroleum from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th.

Anadarko Petroleum Stock Performance

NASDAQ APC opened at $20.83 on Friday. The firm has a 50-day moving average price of $19.64 and a two-hundred day moving average price of $29.98. Anadarko Petroleum has a 12-month low of $17.00 and a 12-month high of $21.72. The company has a market capitalization of $261.83 million, a P/E ratio of 48.44, a P/E/G ratio of 5.64 and a beta of 1.64. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.95.

Anadarko Petroleum (NASDAQ:APC) last announced its earnings results on Friday, May 15th. The oil and gas development company reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. Anadarko Petroleum had a negative net margin of 4.20% and a positive return on equity of 10.49%. The company’s quarterly revenue was down .2% compared to the same quarter last year. Analysts anticipate that Anadarko Petroleum will post 1.97 earnings per share for the current year.

Anadarko Petroleum Company Profile

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Exploration and Production, WES Midstream, and Other Midstream. The company explores for and produces oil, natural gas, and natural gas liquids (NGLs). It is also involved in gathering, processing, treating, and transporting oil, natural-gas, and NGLs production, as well as the gathering and disposal of produced water. The company's oil and natural gas properties are located in the United States onshore and deepwater Gulf of Mexico; and Algeria, Ghana, Mozambique, Colombia, Peru, and other countries.