Anadarko Petroleum (APC) Receives Neutral Rating from MKM Partners

Anadarko Petroleum (NYSE:APC)‘s stock had its “neutral” rating reiterated by research analysts at MKM Partners in a report issued on Monday, The Fly reports. They currently have a $65.00 price target on the oil and gas development company’s stock, down from their previous price target of $66.00. MKM Partners’ price target indicates a potential upside of 2.20% from the stock’s previous close.

Several other equities analysts also recently commented on the stock. Capital One Financial downgraded shares of Anadarko Petroleum from an “overweight” rating to an “equal weight” rating in a research note on Thursday, December 20th. Societe Generale downgraded shares of Anadarko Petroleum from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. Mitsubishi UFJ Financial Group decreased their price target on shares of Anadarko Petroleum to $70.00 in a research note on Thursday, February 7th. Credit Suisse Group decreased their price target on shares of Anadarko Petroleum from $73.00 to $67.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 6th. Finally, SunTrust Banks set a $55.00 price target on shares of Anadarko Petroleum and gave the company a “hold” rating in a research note on Tuesday, January 29th. Thirteen equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $73.58.

Shares of APC opened at $63.60 on Monday. The stock has a market capitalization of $30.86 billion, a PE ratio of 28.14, a P/E/G ratio of 3.07 and a beta of 1.55. Anadarko Petroleum has a fifty-two week low of $40.40 and a fifty-two week high of $76.70. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.81 and a current ratio of 0.81.

Anadarko Petroleum (NYSE:APC) last released its quarterly earnings results on Tuesday, February 5th. The oil and gas development company reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.19). Anadarko Petroleum had a net margin of 4.60% and a return on equity of 10.14%. The business had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter last year, the company posted $0.18 earnings per share. The company’s revenue was up 14.3% on a year-over-year basis. Equities research analysts anticipate that Anadarko Petroleum will post 1.66 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Prime Capital Investment Advisors LLC acquired a new stake in Anadarko Petroleum during the first quarter worth about $66,000. Fruth Investment Management grew its stake in Anadarko Petroleum by 13.8% during the first quarter. Fruth Investment Management now owns 5,781 shares of the oil and gas development company’s stock worth $262,000 after buying an additional 700 shares in the last quarter. Shine Investment Advisory Services Inc. grew its stake in Anadarko Petroleum by 35.0% during the first quarter. Shine Investment Advisory Services Inc. now owns 675 shares of the oil and gas development company’s stock worth $31,000 after buying an additional 175 shares in the last quarter. Salem Capital Management Inc. grew its stake in Anadarko Petroleum by 173.7% during the first quarter. Salem Capital Management Inc. now owns 81,425 shares of the oil and gas development company’s stock worth $3,703,000 after buying an additional 51,675 shares in the last quarter. Finally, Retirement Systems of Alabama grew its stake in Anadarko Petroleum by 9.6% during the first quarter. Retirement Systems of Alabama now owns 628,225 shares of the oil and gas development company’s stock worth $28,572,000 after buying an additional 55,178 shares in the last quarter. Hedge funds and other institutional investors own 87.06% of the company’s stock.

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).

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The Fly

Analyst Recommendations for Anadarko Petroleum (NYSE:APC)

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