Piper Jaffray Companies Analysts Give Anadarko Petroleum (APC) a $72.00 Price Target

Anadarko Petroleum (NYSE:APC) has been given a $72.00 target price by equities research analysts at Piper Jaffray Companies in a research note issued on Sunday. The firm currently has a “buy” rating on the oil and gas development company’s stock. Piper Jaffray Companies’ price target suggests a potential upside of 28.27% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada set a $63.00 price target on Anadarko Petroleum and gave the stock a “buy” rating in a report on Wednesday, December 20th. Jefferies Group set a $61.00 price target on Anadarko Petroleum and gave the stock a “buy” rating in a report on Wednesday, December 20th. Seaport Global Securities upgraded Anadarko Petroleum from a “neutral” rating to a “buy” rating in a report on Tuesday, December 19th. Scotiabank set a $62.00 price target on Anadarko Petroleum and gave the stock a “buy” rating in a report on Saturday, November 25th. Finally, Cowen set a $60.00 price target on Anadarko Petroleum and gave the stock a “buy” rating in a report on Monday, October 16th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $68.35.

Anadarko Petroleum (APC) opened at $56.13 on Friday. The company has a current ratio of 1.73, a quick ratio of 2.03 and a debt-to-equity ratio of 0.87. Anadarko Petroleum has a 12-month low of $39.96 and a 12-month high of $70.00. The firm has a market capitalization of $30,711.96, a P/E ratio of -69.30, a PEG ratio of 9.59 and a beta of 1.42.

Anadarko Petroleum (NYSE:APC) last issued its earnings results on Tuesday, February 6th. The oil and gas development company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.15. Anadarko Petroleum had a negative return on equity of 7.48% and a negative net margin of 3.83%. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period in the prior year, the firm earned ($0.50) earnings per share. Anadarko Petroleum’s revenue for the quarter was up 22.7% on a year-over-year basis. research analysts predict that Anadarko Petroleum will post 0.59 EPS for the current fiscal year.

Anadarko Petroleum declared that its Board of Directors has initiated a share repurchase plan on Wednesday, February 7th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the oil and gas development company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Large investors have recently made changes to their positions in the business. Stelac Advisory Services LLC bought a new position in Anadarko Petroleum in the 3rd quarter valued at $107,000. Fis Group Inc. bought a new position in shares of Anadarko Petroleum during the 3rd quarter worth $107,000. Steward Partners Investment Advisory LLC bought a new position in shares of Anadarko Petroleum during the 3rd quarter worth $116,000. Cerebellum GP LLC bought a new position in shares of Anadarko Petroleum during the 4th quarter worth $131,000. Finally, Resources Investment Advisors Inc. bought a new position in shares of Anadarko Petroleum during the 4th quarter worth $142,000. Hedge funds and other institutional investors own 87.82% of the company’s stock.

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Anadarko Petroleum Company Profile

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.

Analyst Recommendations for Anadarko Petroleum (NYSE:APC)

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