Anadarko Petroleum Co. (NYSE:APC) had its price target upped by research analysts at Barclays PLC from $37.00 to $39.00 in a research note issued to investors on Monday. The firm currently has an “underweight” rating on the oil and gas development company’s stock. Barclays PLC’s price target suggests a potential downside of 18.78% from the company’s current price.

A number of other analysts also recently weighed in on APC. BidaskClub downgraded shares of Anadarko Petroleum from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. BMO Capital Markets raised shares of Anadarko Petroleum from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $53.00 to $57.00 in a report on Friday, November 17th. Stifel Nicolaus reaffirmed a “buy” rating and set a $77.00 price objective (up from $76.00) on shares of Anadarko Petroleum in a report on Monday, September 25th. Scotiabank set a $64.00 price objective on shares of Anadarko Petroleum and gave the stock a “buy” rating in a report on Friday, November 17th. Finally, Mitsubishi UFJ Financial Group raised shares of Anadarko Petroleum from a “neutral” rating to a “buy” rating and set a $66.00 price objective for the company in a report on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $67.27.

Shares of Anadarko Petroleum (NYSE APC) opened at $48.02 on Monday. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.11. Anadarko Petroleum has a 1-year low of $39.96 and a 1-year high of $73.33.

Anadarko Petroleum (NYSE:APC) last issued its quarterly earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.21). Anadarko Petroleum had a negative net margin of 24.56% and a negative return on equity of 25.27%. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the company earned ($0.89) earnings per share. Anadarko Petroleum’s revenue for the quarter was up 31.9% on a year-over-year basis. sell-side analysts forecast that Anadarko Petroleum will post -2.23 EPS for the current fiscal year.

Anadarko Petroleum announced that its Board of Directors has approved a stock repurchase program on Wednesday, September 20th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the oil and gas development company to buy up to 10% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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Large investors have recently modified their holdings of the company. Fis Group Inc. acquired a new stake in shares of Anadarko Petroleum during the 3rd quarter worth approximately $107,000. Stelac Advisory Services LLC acquired a new stake in shares of Anadarko Petroleum during the 3rd quarter worth approximately $107,000. FNY Partners Fund LP grew its position in shares of Anadarko Petroleum by 2,900.0% during the 2nd quarter. FNY Partners Fund LP now owns 3,000 shares of the oil and gas development company’s stock worth $136,000 after buying an additional 2,900 shares during the period. Sun Life Financial INC grew its position in shares of Anadarko Petroleum by 1,363.4% during the 2nd quarter. Sun Life Financial INC now owns 3,000 shares of the oil and gas development company’s stock worth $136,000 after buying an additional 2,795 shares during the period. Finally, YorkBridge Wealth Partners LLC grew its position in shares of Anadarko Petroleum by 12.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,606 shares of the oil and gas development company’s stock worth $166,000 after buying an additional 402 shares during the period. Institutional investors own 88.68% of the company’s stock.

About Anadarko Petroleum

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.

Analyst Recommendations for Anadarko Petroleum (NYSE:APC)

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