Anadarko Petroleum (NYSE:APC) received a $61.00 price objective from Jefferies Group in a research report issued to clients and investors on Wednesday. The firm presently has a “buy” rating on the oil and gas development company’s stock. Jefferies Group’s price objective would indicate a potential upside of 20.24% from the stock’s previous close.

Several other research firms also recently commented on APC. Piper Jaffray Companies began coverage on shares of Anadarko Petroleum in a research report on Thursday. They set a “buy” rating and a $56.00 target price on the stock. Stifel Nicolaus decreased their price target on shares of Anadarko Petroleum from $73.00 to $72.00 and set a “buy” rating for the company in a report on Wednesday, November 1st. Scotiabank restated a “buy” rating and set a $62.00 price target on shares of Anadarko Petroleum in a report on Wednesday, November 1st. Atlantic Securities upgraded shares of Anadarko Petroleum from a “neutral” rating to an “overweight” rating and upped their price target for the company from $49.05 to $62.00 in a report on Friday, October 6th. Finally, Morgan Stanley set a $55.00 price target on shares of Anadarko Petroleum and gave the company a “hold” rating in a report on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and twenty have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $64.38.

Anadarko Petroleum (APC) opened at $50.73 on Wednesday. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.11. Anadarko Petroleum has a 1 year low of $39.96 and a 1 year high of $72.32.

Anadarko Petroleum (NYSE:APC) last posted its earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.56) by ($0.21). The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.52 billion. Anadarko Petroleum had a negative return on equity of 9.82% and a negative net margin of 17.13%. The company’s quarterly revenue was up 31.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.89) earnings per share. equities analysts expect that Anadarko Petroleum will post -2.25 earnings per share for the current year.

Anadarko Petroleum announced that its board has authorized a stock buyback plan on Wednesday, September 20th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the oil and gas development company to reacquire up to 10% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in APC. First Trust Advisors LP lifted its stake in shares of Anadarko Petroleum by 9.0% in the second quarter. First Trust Advisors LP now owns 225,108 shares of the oil and gas development company’s stock valued at $10,206,000 after buying an additional 18,612 shares during the period. Advisors Asset Management Inc. lifted its stake in Anadarko Petroleum by 6.2% during the second quarter. Advisors Asset Management Inc. now owns 37,070 shares of the oil and gas development company’s stock worth $1,681,000 after purchasing an additional 2,156 shares during the period. Dupont Capital Management Corp bought a new position in Anadarko Petroleum during the second quarter worth about $262,000. Blair William & Co. IL lifted its stake in Anadarko Petroleum by 180.0% during the second quarter. Blair William & Co. IL now owns 46,383 shares of the oil and gas development company’s stock worth $2,103,000 after purchasing an additional 29,816 shares during the period. Finally, BB&T Securities LLC lifted its stake in Anadarko Petroleum by 17.1% during the second quarter. BB&T Securities LLC now owns 44,741 shares of the oil and gas development company’s stock worth $2,028,000 after purchasing an additional 6,545 shares during the period. Institutional investors and hedge funds own 87.76% of the company’s stock.

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About Anadarko Petroleum

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.

Analyst Recommendations for Anadarko Petroleum (NYSE:APC)

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