Jefferies Group Reaffirms Buy Rating on Anadarko Petroleum (APC)

By admin | 6 years ago

Anadarko Petroleum (NYSE: APC)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Group (NYSE: JEF) in a report released on Monday.

Shares of Anadarko Petroleum opened at 68.97 on Monday. Anadarko Petroleum has a one year low of $57.11 and a one year high of $88.70. The company’s market cap is $34.455 billion.

Anadarko Petroleum last issued its quarterly earnings data on Monday, April 30th. The company reported $0.92 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.82 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.

A number of other firms have also recently commented on APC. 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. Separately, 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. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Anadarko Petroleum in a research note to investors on Thursday, May 3rd.

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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