Anadarko Petroleum Corporation (APC) : Zacks Investment Research ranks Anadarko Petroleum Corporation (APC) as 2, which is a Buy recommendation. 13 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 22 research analysts is 1.73, which indicates as a Buy.
Anadarko Petroleum Corporation (APC) stock is expected to deviate a maximum of $14.85 from the average target price of $67.88 for the short term period. 16 Street Experts have initiated coverage on the stock with the most promising target being $108 and the most muted being $50.
For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, Barclays maintains its ratings on Anadarko Petroleum Corporation (NYSE:APC). In the latest research report, Barclays lowers the target price from $46 per share to $50 per share. According to the latest information available, the shares are now rated Equal-weight by the analysts at the agency. The rating by the firm was issued on July 29, 2016.
Anadarko Petroleum Corporation (NYSE:APC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $51.78 and $51.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $52.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.68, notching a gain of 2.03% for the day. The total traded volume was 3,969,311 . The stock had closed at $51.63 on the previous day.
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.