Citigroup Raises Anadarko Petroleum EPS Estimates (APC)

By admin | 6 years ago

Research analysts at Citigroup (NYSE: C) upped their EPS estimates on shares of Anadarko Petroleum (NYSE: APC) in a report released on Wednesday. The firm currently has a “buy” rating and a $115.00 price target on the company’s shares.

Shares of Anadarko Petroleum traded up 0.27% during mid-day trading on Wednesday, hitting $73.10. Anadarko Petroleum has a 52 week low of $57.11 and a 52 week high of $88.70. The company’s market cap is $36.435 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. On average, analysts predict that Anadarko Petroleum will post $1.06 earnings per share next quarter.

APC has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at CLSA upgraded shares of Anadarko Petroleum from an “outperform” rating to a “buy” rating in a research note to investors on Thursday, April 12nd.

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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