Anadarko Petroleum (APC) PT Set at $66.00 by JPMorgan Chase & Co.

Anadarko Petroleum (NYSE:APC) has been assigned a $66.00 price objective by analysts at JPMorgan Chase & Co. in a report issued on Friday. The firm currently has a “buy” rating on the oil and gas development company’s stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 22.68% from the stock’s current price.

A number of other research analysts have also commented on APC. Mizuho reiterated a “buy” rating and issued a $74.00 price target on shares of Anadarko Petroleum in a research note on Tuesday. BMO Capital Markets set a $72.00 price target on shares of Anadarko Petroleum and gave the company a “buy” rating in a research note on Monday, November 12th. Piper Jaffray Companies reiterated a “buy” rating and issued a $87.00 price target on shares of Anadarko Petroleum in a research note on Monday, November 19th. MKM Partners assumed coverage on shares of Anadarko Petroleum in a research note on Wednesday. They issued a “buy” rating and a $76.00 price target on the stock. Finally, Credit Suisse Group set a $89.00 price target on shares of Anadarko Petroleum and gave the company a “buy” rating in a research note on Friday, November 16th. Five investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $79.67.

Shares of Anadarko Petroleum stock traded up $2.21 during trading on Friday, hitting $53.80. 72,447 shares of the stock were exchanged, compared to its average volume of 4,946,101. The firm has a market capitalization of $26.72 billion, a PE ratio of -27.31, a P/E/G ratio of 1.34 and a beta of 1.49. Anadarko Petroleum has a 1-year low of $46.80 and a 1-year high of $76.70. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.87 and a quick ratio of 0.87.

Anadarko Petroleum (NYSE:APC) last announced its quarterly earnings results on Tuesday, October 30th. The oil and gas development company reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.02). Anadarko Petroleum had a net margin of 11.49% and a return on equity of 8.90%. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter last year, the company posted ($0.77) EPS. The firm’s quarterly revenue was up 48.1% on a year-over-year basis. As a group, analysts expect that Anadarko Petroleum will post 2.76 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in Anadarko Petroleum by 11.8% in the 3rd quarter. BlackRock Inc. now owns 47,443,900 shares of the oil and gas development company’s stock valued at $3,198,193,000 after purchasing an additional 5,004,406 shares during the period. FMR LLC lifted its holdings in shares of Anadarko Petroleum by 9.2% during the 2nd quarter. FMR LLC now owns 23,949,562 shares of the oil and gas development company’s stock worth $1,754,305,000 after acquiring an additional 2,011,856 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Anadarko Petroleum by 1.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,079,505 shares of the oil and gas development company’s stock worth $544,639,000 after acquiring an additional 138,019 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Anadarko Petroleum by 22.8% during the 3rd quarter. Janus Henderson Group PLC now owns 7,350,604 shares of the oil and gas development company’s stock worth $495,505,000 after acquiring an additional 1,363,271 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of Anadarko Petroleum by 350.0% during the 3rd quarter. AQR Capital Management LLC now owns 5,737,992 shares of the oil and gas development company’s stock worth $386,798,000 after acquiring an additional 4,462,780 shares during the period. 85.01% of the stock is owned by hedge funds and other institutional investors.

About Anadarko Petroleum

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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Analyst Recommendations for Anadarko Petroleum (NYSE:APC)

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