Anadarko Petroleum Corporation (APC) : Analyst Rating Update

Anadarko Petroleum Corporation (APC) has an average broker rating of 1.76, which is interpreted as a Buy, as rated by 21 equity analysts. Nonetheless, 12 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 3 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.

Anadarko Petroleum Corporation (APC) : 16 investment research analysts covering Anadarko Petroleum Corporation (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 (NYSE:APC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $53.11 and $53.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $55.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $55.19, notching a gain of 2.95% for the day. The total traded volume was 4,432,612 . The stock had closed at $53.61 on the previous day.

Also, CLSA initiates coverage on Anadarko Petroleum Corporation (NYSE:APC) . Analysts at the CLSA have a current rating of Underperform on the shares. The rating by the firm was issued on June 22, 2016. The company shares have dropped -28.97% from its 1 Year high price. On Aug 12, 2015, the shares registered one year high at $78.59 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $52.59 and the 200 Day Moving Average price is recorded at $46.09.

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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