Anadarko Petroleum Co. (NASDAQ:APC) Stock Has Average Price Target of $21.80 According to Brokerages

Anadarko Petroleum Co. (NASDAQ:APC) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $21.80.

APC has been the topic of several analyst reports. Weiss Ratings upgraded Anadarko Petroleum from a “sell (e)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. Mizuho raised Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $22.00 price target for the company in a research note on Friday, October 2nd. UBS Group cut their price objective on shares of Anadarko Petroleum from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Finally, Zacks Research upgraded shares of Anadarko Petroleum from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 6th.

Insiders Place Their Bets

In other Anadarko Petroleum news, major shareholder Holdings I. L.P. Blackstone sold 124,600 shares of the stock in a transaction on Friday, September 25th. The stock was sold at an average price of $16.40, for a total transaction of $2,043,440.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Trading of Anadarko Petroleum

Several institutional investors have recently modified their holdings of APC. State Street Corp acquired a new position in shares of Anadarko Petroleum in the second quarter worth about $2,536,000. Citadel Advisors LLC purchased a new stake in shares of Anadarko Petroleum during the 2nd quarter worth about $4,579,000. Greenland Capital Management LP bought a new stake in Anadarko Petroleum in the second quarter worth approximately $264,000. Finally, Readystate Asset Management LP bought a new stake in shares of Anadarko Petroleum during the 2nd quarter worth about $1,696,000.

Anadarko Petroleum Price Performance

Shares of NASDAQ:APC opened at $15.02 on Monday. Anadarko Petroleum has a 52-week low of $14.50 and a 52-week high of $21.72. The company has a market capitalization of $188.80 million and a P/E ratio of 21.77. The stock’s fifty day simple moving average is $17.05 and its 200-day simple moving average is $24.54. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 1.09.

Anadarko Petroleum (NASDAQ:APC) last announced 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 company had revenue of $1.84 billion for the quarter. The company’s revenue was up 27.4% compared to the same quarter last year. As a group, equities research analysts forecast that Anadarko Petroleum will post 0.94 earnings per share for the current fiscal year.

Anadarko Petroleum Company Profile

Anadarko Petroleum Corporation was an independent oil and natural gas exploration and production company headquartered in The Woodlands, Texas. Its operations focused on finding, developing and producing crude oil, natural gas and natural gas liquids, with additional activities in gathering, processing and other midstream services.

The company’s principal resource areas included U.S. onshore properties, particularly in the Delaware and DJ basins, as well as assets in the Gulf of Mexico.