Anadarko Petroleum Corporation (APC) : The consensus on Anadarko Petroleum Corporation (APC) based on 22 analyst recommendation on the company stock is 1.77, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 12 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 analyst believes that the stock is a Buy, which can produce decent returns in the future. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Anadarko Petroleum Corporation (APC).
Anadarko Petroleum Corporation (APC) has been rated by 16 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $108 and the lowest price target forecast is $50. The average forecast of all the analysts is $69.88 and the expected standard deviation is $14.62.
Also, In the latest statement by the brokerage house, Barclays maintains its outlook on Anadarko Petroleum Corporation (NYSE:APC). The current rating of the shares is Equal-weight, according to the research report released by the firm. The brokerage firm lowers the price target from $46 per share to $50 per share. The rating by the firm was issued on July 29, 2016.
Anadarko Petroleum Corporation (NYSE:APC): After opening at $56.74, the stock dipped to an intraday low of $55.94 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $57.29 and the buying power remained strong till the end. The stock closed at $56.93 for the day, a gain of 2.36% for the day session. The total traded volume was 6,970,935. The stocks close on the previous trading day was $55.62.
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.