Anadarko Petroleum (APC) Earns “Buy” Rating from BMO Capital Markets

Anadarko Petroleum (NYSE:APC)‘s stock had its “buy” rating reaffirmed by BMO Capital Markets in a research note issued to investors on Thursday. They presently have a $85.00 price target on the oil and gas development company’s stock. BMO Capital Markets’ price target suggests a potential upside of 25.68% from the company’s previous close.

A number of other equities research analysts also recently commented on the stock. Bank of America set a $100.00 price target on shares of Anadarko Petroleum and gave the stock a “buy” rating in a report on Tuesday, July 31st. Piper Jaffray Companies set a $85.00 price target on shares of Anadarko Petroleum and gave the stock a “buy” rating in a report on Sunday, September 30th. Zacks Investment Research downgraded shares of Anadarko Petroleum from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Morgan Stanley assumed coverage on shares of Anadarko Petroleum in a report on Thursday, July 12th. They set an “equal weight” rating and a $86.00 price target for the company. Finally, ValuEngine upgraded shares of Anadarko Petroleum from a “hold” rating to a “buy” rating in a report on Friday, June 22nd. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $81.26.

NYSE:APC opened at $67.63 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.34. Anadarko Petroleum has a twelve month low of $46.74 and a twelve month high of $76.70. The stock has a market cap of $34.52 billion, a price-to-earnings ratio of -34.51, a price-to-earnings-growth ratio of 1.88 and a beta of 1.26.

Anadarko Petroleum (NYSE:APC) last posted its earnings results on Tuesday, July 31st. The oil and gas development company reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.06). Anadarko Petroleum had a net margin of 3.63% and a return on equity of 1.85%. The business had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter last year, the business posted ($0.75) earnings per share. The business’s revenue was up 21.2% compared to the same quarter last year. On average, research analysts forecast that Anadarko Petroleum will post 2.96 EPS for the current year.

Anadarko Petroleum announced that its board has initiated a stock buyback program on Monday, July 9th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the oil and gas development company to repurchase up to 2.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Suntrust Banks Inc. boosted its position in shares of Anadarko Petroleum by 2.3% in the first quarter. Suntrust Banks Inc. now owns 33,039 shares of the oil and gas development company’s stock worth $1,994,000 after acquiring an additional 755 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Anadarko Petroleum by 9.4% in the second quarter. Steward Partners Investment Advisory LLC now owns 8,845 shares of the oil and gas development company’s stock worth $648,000 after acquiring an additional 762 shares during the last quarter. Sumitomo Life Insurance Co. boosted its position in shares of Anadarko Petroleum by 5.2% in the second quarter. Sumitomo Life Insurance Co. now owns 15,838 shares of the oil and gas development company’s stock worth $1,160,000 after acquiring an additional 776 shares during the last quarter. Wesbanco Bank Inc. boosted its position in shares of Anadarko Petroleum by 7.9% in the second quarter. Wesbanco Bank Inc. now owns 10,997 shares of the oil and gas development company’s stock worth $806,000 after acquiring an additional 806 shares during the last quarter. Finally, Cullen Frost Bankers Inc. boosted its position in shares of Anadarko Petroleum by 11.2% in the second quarter. Cullen Frost Bankers Inc. now owns 7,995 shares of the oil and gas development company’s stock worth $586,000 after acquiring an additional 807 shares during the last quarter. 86.25% of the stock is currently owned by institutional investors and hedge funds.

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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