Price Target Update on Anadarko Petroleum Corporation (NYSE:APC)

Anadarko Petroleum Corporation (NYSE:APC) : The most positive equity analysts on Anadarko Petroleum Corporation (NYSE:APC) expects the shares to touch $108, whereas, the least positive believes that the stock will trade at $46 in the short term. The company is covered by 15 Wall Street Brokerage Firms. The average price target for shares are $66.53 with an expected fluctuation of $15.93 from the mean.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Piper Jaffray assumes the rating on Anadarko Petroleum Corporation (NYSE:APC). The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency announces the price target to $64 per share. The rating by the firm was issued on June 10, 2016.

Anadarko Petroleum Corporation (NYSE:APC): stock turned positive on Thursday. Though the stock opened at $55.25, the bulls momentum made the stock top out at $55.6 level for the day. The stock recorded a low of $54.34 and closed the trading day at $55.52, in the green by 2.08%. The total traded volume for the day was 3,792,940. The stock had closed at $54.39 in the previous days trading.

The company shares have dropped -32.63% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $81.82 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $51.11 and the 200 Day Moving Average price is recorded at $45.93. On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Anadarko Petroleum Corp, Fluor Peter J had purchased shares worth of $229,950 in a transaction dated on January 21, 2016. A total of 7,527 shares were purchased at a price of $30.55 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Anadarko Petroleum Corporation is an independent exploration and production company. The Company is engaged in the exploration, development, production, and marketing of natural gas, oil, condensate, natural gas liquids (NGLs), and anticipated production of liquefied natural gas (LNG). Its assets include United States onshore resource plays in the Rocky Mountains area, the southern United States, the Appalachian basin, and Alaska. The Company has three segments: Oil and gas exploration and production, Midstream and Marketing. Oil and gas exploration and production segment explores for and produces natural gas, oil, condensate, and NGLs, and plans for the development and operation of its LNG project. Midstream segment engages in gathering, processing, treating, and transporting oil, natural-gas, and NGLs production. Marketing segment sells oil, natural-gas, and NGLs production. The Company is also an independent producer in the deepwater Gulf of Mexico.

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