Anadarko Petroleum (NASDAQ:APC) Given New $21.00 Price Target at UBS Group

Anadarko Petroleum (NASDAQ:APC) had its price target reduced by analysts at UBS Group from $22.00 to $21.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the oil and gas development company’s stock. UBS Group’s target price indicates a potential upside of 14.50% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Mizuho increased their price objective on Anadarko Petroleum from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, July 28th. Zacks Research lowered shares of Anadarko Petroleum from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Finally, Weiss Ratings began coverage on shares of Anadarko Petroleum in a research note on Thursday, May 28th. They set a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $21.80.

Anadarko Petroleum Stock Performance

Shares of APC opened at $18.34 on Wednesday. Anadarko Petroleum has a 1-year low of $17.00 and a 1-year high of $21.72. The business’s 50-day moving average price is $19.57 and its 200 day moving average price is $25.21. The stock has a market capitalization of $230.53 million and a P/E ratio of 42.65. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09.

Anadarko Petroleum (NASDAQ:APC) last posted its quarterly earnings results on Thursday, August 6th. The oil and gas development company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.10). The firm had revenue of $1.84 billion for the quarter. The firm’s revenue for the quarter was up 27.4% compared to the same quarter last year. Analysts expect that Anadarko Petroleum will post 1.33 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.