Brokerage Firm Rating Update on Anadarko Petroleum Corporation (APC)

Anadarko Petroleum Corporation (APC) : 12 brokerage houses believe that Anadarko Petroleum Corporation (APC) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Anadarko Petroleum Corporation (APC). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 21 Wall Street Analysts endorse the stock as a Buy with a rating of 1.76.

Anadarko Petroleum Corporation (APC) : The consensus price target for Anadarko Petroleum Corporation (APC) is $69.07 for the short term with a standard deviation of $14.84. The most optimist securities analyst among the 15 who monitor the stock believes that the stock can reach $108, however, the pessimist price target for the company is $50.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Barclays, maintains their rating on the shares of Anadarko Petroleum Corporation (NYSE:APC). Barclays has a Equal-weight rating on the shares. As per the latest research report, the brokerage house lowers the price target to $50 per share from a prior target of $46. The rating by the firm was issued on July 29, 2016.

Anadarko Petroleum Corporation (NYSE:APC): stock was range-bound between the intraday low of $56.83 and the intraday high of $58.5 after having opened at $57.5 on Wednesdays session. The stock finally closed in the red at $57.5, a loss of -0.02%. The stock remained in the red for the whole trading day. The total traded volume was 4,185,021 shares. The stock failed to cross $58.5 in Wednesdays trading. The stocks closing price on Thursday was $57.19.

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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