Anadarko Petroleum (NASDAQ:APC) Price Target Raised to $22.00

Anadarko Petroleum (NASDAQ:APC) had its target price boosted by Mizuho from $20.00 to $22.00 in a report published on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the oil and gas development company’s stock.

Other analysts have also issued research reports about the company. Weiss Ratings assumed coverage on Anadarko Petroleum in a research note on Thursday, May 28th. They issued a “sell (e)” rating on the stock. Zacks Research downgraded Anadarko Petroleum from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

Anadarko Petroleum Stock Up 0.9%

Anadarko Petroleum stock opened at $20.18 on Tuesday. The firm has a market capitalization of $253.66 million, a PE ratio of 46.93, a P/E/G ratio of 5.64 and a beta of 1.64. The company’s 50-day moving average is $19.59 and its 200-day moving average is $28.20. Anadarko Petroleum has a fifty-two week low of $17.00 and a fifty-two week high of $21.72. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.92 and a quick ratio of 0.92.

Anadarko Petroleum (NASDAQ:APC) last issued its earnings results on Friday, May 15th. The oil and gas development company reported $0.20 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.20. Anadarko Petroleum had a negative net margin of 4.20% and a positive return on equity of 10.49%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. Sell-side 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.