Anadarko Petroleum (NASDAQ:APC) Price Target Raised to $22.00 at Mizuho

Anadarko Petroleum (NASDAQ:APC) had its price objective increased by stock analysts at Mizuho from $20.00 to $22.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the oil and gas development company’s stock. Mizuho’s target price suggests a potential upside of 4.61% from the company’s current price.

Several other equities analysts also recently weighed in on the company. Zacks Research downgraded Anadarko Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Weiss Ratings began coverage on Anadarko Petroleum in a research report on Thursday, May 28th. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Anadarko Petroleum presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.

Anadarko Petroleum Trading Up 1.0%

APC opened at $21.03 on Tuesday. The firm has a market cap of $264.35 million, a P/E ratio of 48.91, a P/E/G ratio of 5.64 and a beta of 1.64. Anadarko Petroleum has a 12 month low of $17.00 and a 12 month high of $21.72. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.95. The stock has a 50-day moving average of $19.64 and a 200 day moving average of $29.31.

Anadarko Petroleum (NASDAQ:APC) last issued its quarterly earnings data on Friday, May 15th. The oil and gas development company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. Anadarko Petroleum had a positive return on equity of 10.49% and a negative net margin of 4.20%.The business’s quarterly revenue was down .2% compared to the same quarter last year. As a group, research analysts forecast that Anadarko Petroleum will post 1.97 EPS for the current year.

Anadarko Petroleum Company Profile

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). It is also involved in gathering, processing, treating, and transporting oil, natural-gas, and NGLs production, as well as the gathering and disposal of produced water. The company's oil and natural gas properties are located in the United States onshore and deepwater Gulf of Mexico; and Algeria, Ghana, Mozambique, Colombia, Peru, and other countries.