Anadarko Petroleum (NYSE:APC) received a $63.00 price target from equities research analysts at Royal Bank of Canada in a research note issued to investors on Wednesday. The firm currently has a “buy” rating on the oil and gas development company’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 24.19% from the stock’s current price.

APC has been the subject of a number of other reports. Scotiabank set a $62.00 price objective on Anadarko Petroleum and gave the stock a “buy” rating in a research report on Saturday, November 25th. Jefferies Group set a $62.00 price objective on Anadarko Petroleum and gave the stock a “buy” rating in a research report on Monday, August 28th. Cowen reaffirmed a “buy” rating and set a $60.00 price objective on shares of Anadarko Petroleum in a research report on Sunday, September 17th. Atlantic Securities raised Anadarko Petroleum from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $49.05 to $62.00 in a research report on Friday, October 6th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $53.00 price objective on shares of Anadarko Petroleum in a research report on Monday, September 4th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $64.38.

Anadarko Petroleum (NYSE APC) opened at $50.73 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.03 and a quick ratio of 2.03. Anadarko Petroleum has a 12 month low of $39.96 and a 12 month high of $72.32.

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

Anadarko Petroleum announced that its board has approved a stock repurchase plan on Wednesday, September 20th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the oil and gas development company to repurchase up to 10% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Parametric Portfolio Associates LLC lifted its holdings in shares of Anadarko Petroleum by 9.5% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,146,643 shares of the oil and gas development company’s stock valued at $56,014,000 after buying an additional 99,884 shares during the period. Chicago Partners Investment Group LLC raised its holdings in Anadarko Petroleum by 155.0% during the third quarter. Chicago Partners Investment Group LLC now owns 10,201 shares of the oil and gas development company’s stock worth $498,000 after purchasing an additional 6,201 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Anadarko Petroleum during the third quarter worth $116,000. Gofen & Glossberg LLC IL acquired a new position in Anadarko Petroleum during the third quarter worth $265,000. Finally, Moors & Cabot Inc. raised its holdings in Anadarko Petroleum by 24.2% during the third quarter. Moors & Cabot Inc. now owns 8,718 shares of the oil and gas development company’s stock worth $428,000 after purchasing an additional 1,700 shares during the last quarter. 87.76% of the stock is owned by institutional investors and hedge funds.

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Anadarko Petroleum Company Profile

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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