Deutsche Bank AG upgraded shares of Anadarko Petroleum Corp. (NYSE:APC) from a hold rating to a buy rating in a research note published on Thursday morning. The firm currently has $77.00 price target on the oil and gas development company’s stock, up from their previous price target of $64.00.

A number of other equities analysts also recently weighed in on the stock. JPMorgan Chase & Co. restated a buy rating on shares of Anadarko Petroleum Corp. in a report on Thursday, October 6th. Barclays PLC boosted their target price on shares of Anadarko Petroleum Corp. from $50.00 to $60.00 and gave the stock an equal weight rating in a report on Tuesday, October 4th. Wells Fargo & Co. set a $70.00 target price on shares of Anadarko Petroleum Corp. and gave the stock a buy rating in a report on Friday, September 23rd. KLR Group restated a buy rating and set a $93.00 target price (up from $85.00) on shares of Anadarko Petroleum Corp. in a report on Monday, September 19th. Finally, Macquarie boosted their target price on shares of Anadarko Petroleum Corp. from $61.00 to $71.00 and gave the stock an outperform rating in a report on Wednesday, September 14th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $69.11.

Shares of Anadarko Petroleum Corp. (NYSE:APC) traded down 0.80% during trading on Thursday, hitting $63.56. 881,244 shares of the stock were exchanged. The firm’s 50-day moving average is $59.39 and its 200 day moving average is $53.69. The company’s market cap is $32.44 billion. Anadarko Petroleum Corp. has a 1-year low of $28.16 and a 1-year high of $73.87.

Anadarko Petroleum Corp. (NYSE:APC) last issued its earnings results on Tuesday, July 26th. The oil and gas development company reported ($0.60) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.80) by $0.20. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.89 billion. Anadarko Petroleum Corp. had a negative net margin of 71.09% and a negative return on equity of 9.88%. The firm’s revenue for the quarter was down 27.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.01 earnings per share. Equities analysts forecast that Anadarko Petroleum Corp. will post ($2.71) earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 28th. Investors of record on Wednesday, September 14th were paid a $0.05 dividend. The ex-dividend date was Monday, September 12th. This represents a $0.20 annualized dividend and a yield of 0.31%. Anadarko Petroleum Corp.’s payout ratio is -1.95%.

A number of large investors have recently modified their holdings of the company. Kanaly Trust Co boosted its stake in shares of Anadarko Petroleum Corp. by 44.2% in the second quarter. Kanaly Trust Co now owns 2,004 shares of the oil and gas development company’s stock valued at $107,000 after buying an additional 614 shares during the last quarter. Financial Architects Inc boosted its stake in shares of Anadarko Petroleum Corp. by 90.9% in the second quarter. Financial Architects Inc now owns 1,995 shares of the oil and gas development company’s stock valued at $107,000 after buying an additional 950 shares during the last quarter. Security National Trust Co. boosted its stake in shares of Anadarko Petroleum Corp. by 4.9% in the second quarter. Security National Trust Co. now owns 2,138 shares of the oil and gas development company’s stock valued at $114,000 after buying an additional 100 shares during the last quarter. Stelac Advisory Services LLC purchased a new stake in shares of Anadarko Petroleum Corp. during the second quarter valued at $117,000. Finally, Signaturefd LLC boosted its stake in shares of Anadarko Petroleum Corp. by 11.0% in the second quarter. Signaturefd LLC now owns 2,282 shares of the oil and gas development company’s stock valued at $122,000 after buying an additional 226 shares during the last quarter. 78.98% of the stock is currently owned by institutional investors.

About Anadarko Petroleum Corp.

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company’s segments include Oil and Gas Exploration & Production; Midstream, and Marketing. The Oil and Gas Exploration & Production segment explores for and produces oil, condensate, natural gas and natural gas liquids (NGLs), and focuses on the development and operation of the Company’s liquefied natural gas (LNG) project in Mozambique.

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