Anadarko Petroleum Corp. (NYSE:APC) was upgraded by Guggenheim from a “neutral” rating to a “buy” rating in a research report issued on Friday. The brokerage currently has a $80.00 price target on the oil and gas development company’s stock. Guggenheim’s target price would suggest a potential upside of 32.23% from the stock’s current price.

Several other research analysts have also commented on the company. Vetr upgraded Anadarko Petroleum Corp. from a “buy” rating to a “strong-buy” rating and set a $77.00 price target on the stock in a report on Wednesday, November 2nd. Credit Suisse Group AG raised Anadarko Petroleum Corp. from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $70.00 to $77.00 in a research report on Wednesday, November 2nd. Deutsche Bank AG raised Anadarko Petroleum Corp. from a “hold” rating to a “buy” rating and raised their price objective for the stock from $64.00 to $77.00 in a research report on Thursday, October 13th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Anadarko Petroleum Corp. in a research report on Thursday, October 6th. Finally, Barclays PLC raised their price objective on Anadarko Petroleum Corp. from $50.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 4th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $68.48.

Analyst Recommendations for Anadarko Petroleum Corp. (NYSE:APC)

Shares of Anadarko Petroleum Corp. (NYSE:APC) opened at 60.50 on Friday. Anadarko Petroleum Corp. has a 52-week low of $28.16 and a 52-week high of $65.08. The stock’s market capitalization is $33.81 billion. The firm’s 50 day moving average is $61.90 and its 200 day moving average is $55.68.

Anadarko Petroleum Corp. (NYSE:APC) last posted its quarterly earnings results on Monday, October 31st. The oil and gas development company reported ($0.89) EPS for the quarter, missing the consensus estimate of ($0.54) by $0.35. Anadarko Petroleum Corp. had a negative return on equity of 10.73% and a negative net margin of 50.51%. The company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the prior year, the firm earned ($0.72) EPS. The firm’s revenue was up 12.1% on a year-over-year basis. Equities analysts expect that Anadarko Petroleum Corp. will post ($3.09) earnings per share for the current year.

Hedge funds have recently bought and sold shares of the stock. Highbridge Capital Management LLC increased its stake in shares of Anadarko Petroleum Corp. by 1,073.7% in the third quarter. Highbridge Capital Management LLC now owns 25,505 shares of the oil and gas development company’s stock valued at $1,616,000 after buying an additional 23,332 shares in the last quarter. HBK Sorce Advisory LLC bought a new stake in shares of Anadarko Petroleum Corp. during the third quarter valued at about $223,000. The Manufacturers Life Insurance Company bought a new stake in shares of Anadarko Petroleum Corp. during the third quarter valued at about $33,254,000. Virtus Investment Advisers Inc. bought a new stake in shares of Anadarko Petroleum Corp. during the third quarter valued at about $544,000. Finally, Perella Weinberg Partners Capital Management LP bought a new stake in shares of Anadarko Petroleum Corp. during the third quarter valued at about $1,677,000. 79.73% 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.

5 Day Chart for NYSE:APC

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