Canaccord Genuity Reaffirms Buy Rating on Anadarko Petroleum (APC)

By admin | 6 years ago

Anadarko Petroleum (NYSE: APC)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity in a research note issued on Thursday.

A number of other firms have also recently commented on APC. Analysts at Citigroup (NYSE: C) raised their EPS on shares of Anadarko Petroleum in a research note to investors on Wednesday. They now have a “buy” rating and a $115.00 price target on the stock. Separately, analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Anadarko Petroleum from $97.00 to $101.00 in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Finally, analysts at Credit Suisse (NYSE: CS) raised their price target on shares of Anadarko Petroleum to $92.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock.

Anadarko Petroleum traded down 3.40% on Thursday, hitting $69.01. Anadarko Petroleum has a 1-year low of $57.11 and a 1-year high of $88.70. The company’s market cap is $34.436 billion.

The company last announced its quarterly results on Monday, April 30th. It reported $0.92 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.82 EPS by $0.10. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Analysts expect that Anadarko Petroleum will post $1.06 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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