Short Term Price Target on Anadarko Petroleum Corporation (APC)

Anadarko Petroleum Corporation (NYSE:APC) : 16 investment research analysts covering Anadarko Petroleum Corporation (NYSE:APC) have an average price target of $66 for the near short term. The highest target price given by the Brokerage Firm to the stock is $108 and the lowest target is $46 for the short term. Analysts expect the variance to be within $15.54 of the average price.

Anadarko Petroleum Corporation has dropped 4.09% in the last five trading days, however, the shares have posted positive gains of 1.72% in the last 4 weeks. Anadarko Petroleum Corporation is up 16.35% in the last 3-month period. Year-to-Date the stock performance stands at 9.84%. Also, CLSA initiates coverage on Anadarko Petroleum Corporation (NYSE:APC) The current rating of the shares is Underperform. The rating by the firm was issued on June 22, 2016.

Anadarko Petroleum Corporation (NYSE:APC) : 21 analysts are covering Anadarko Petroleum Corporation (NYSE:APC) and their average rating on the stock is 1.76, which is read as a Buy. 12 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Anadarko Petroleum Corporation (NYSE:APC) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Anadarko Petroleum Corporation (NYSE:APC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $53.10 and $52.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.61. The buying momentum continued till the end and the stock did not give up its gains. It closed at $53.25, notching a gain of 0.11% for the day. The total traded volume was 4,838,163 . The stock had closed at $53.19 on the previous day.

In an insider trading activity, Fluor Peter J, director of Anadarko Petroleum Corp, executed a transaction worth $229,950 on January 21, 2016. A total of 7,527 shares were purchased at an average price of $30.55. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. 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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