Brokerages Set Anadarko Petroleum Co. (NASDAQ:APC) Target Price at $21.60

Anadarko Petroleum Co. (NASDAQ:APC) has been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $21.60.

Several brokerages recently weighed in on APC. Raymond James Financial assumed coverage on Anadarko Petroleum in a research note on Monday, March 9th. They issued a “strong-buy” rating and a $23.00 price target for the company. Mizuho assumed coverage on Anadarko Petroleum in a research note on Monday, March 9th. They set a “neutral” rating and a $20.00 price objective for the company. Stifel Nicolaus assumed coverage on Anadarko Petroleum in a research note on Monday, March 9th. They set a “buy” rating and a $22.00 price objective for the company. Zacks Research upgraded Anadarko Petroleum to a “hold” rating in a research note on Tuesday, March 10th. Finally, Capital One Financial assumed coverage on Anadarko Petroleum in a research note on Monday, March 9th. They set an “overweight” rating and a $21.00 price objective for the company.

Anadarko Petroleum Price Performance

Shares of Anadarko Petroleum stock opened at $18.77 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.95. Anadarko Petroleum has a twelve month low of $17.00 and a twelve month high of $19.80. The business has a 50-day moving average price of $28.26 and a 200 day moving average price of $57.21. The firm has a market cap of $235.94 million, a PE ratio of 81.61, a P/E/G ratio of 5.64 and a beta of 1.64.

Anadarko Petroleum Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 21st. Shareholders of record on Friday, April 10th will be paid a dividend of $0.26 per share. The ex-dividend date is Friday, April 10th. Anadarko Petroleum’s payout ratio is 452.17%.

Anadarko Petroleum Company Profile

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Exploration and Production, WES Midstream, and Other Midstream. The company explores for and produces oil, natural gas, and natural gas liquids (NGLs). It is also involved in gathering, processing, treating, and transporting oil, natural-gas, and NGLs production, as well as the gathering and disposal of produced water. The company's oil and natural gas properties are located in the United States onshore and deepwater Gulf of Mexico; and Algeria, Ghana, Mozambique, Colombia, Peru, and other countries.