Anadarko Petroleum Rating Increased to Strong-Buy at Capital One (APC)

By admin | 6 years ago

Anadarko Petroleum (NYSE: APC) was upgraded by equities research analysts at Capital One to a “strong-buy” rating in a research note issued to investors on Friday.

A number of other firms have also recently commented on APC. Analysts at Jefferies Group (NYSE: JEF) reiterated a “buy” rating on shares of Anadarko Petroleum in a research note to investors on Monday, May 7th. Separately, analysts at Societe Generale upgraded shares of Anadarko Petroleum from a “hold” rating to a “buy” rating in a research note to investors on Monday, May 7th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Anadarko Petroleum in a research note to investors on Thursday, May 3rd. They now have a $79.00 price target on the stock.

Anadarko Petroleum traded up 1.75% on Friday, hitting $63.98. Anadarko Petroleum has a 52-week low of $57.11 and a 52-week high of $88.70. The company’s market cap is $31.962 billion.

Anadarko Petroleum last posted its quarterly earnings results on Monday, April 30th. The company reported $0.92 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.82 by $0.10. Anadarko Petroleum’s revenue was up 6.0% compared to the same quarter last year. Analysts expect that Anadarko Petroleum will post $1.04 EPS next quarter.

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. As of December 31, 2011, the Company had over 2.

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