Anadarko Petroleum Co. (NASDAQ:APC) Receives $21.60 Average PT from Brokerages

Anadarko Petroleum Co. (NASDAQ:APC) has been given an average rating of “Moderate Buy” by the seven ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $21.60.

A number of research analysts recently weighed in on APC shares. Weiss Ratings initiated coverage on shares of Anadarko Petroleum in a research report on Thursday, May 28th. They set a “sell (e)” rating on the stock. Zacks Research lowered shares of Anadarko Petroleum from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th.

Anadarko Petroleum Price Performance

Shares of NASDAQ:APC opened at $20.75 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.95. The stock’s fifty day simple moving average is $19.65 and its two-hundred day simple moving average is $31.14. Anadarko Petroleum has a 1-year low of $17.00 and a 1-year high of $21.72. The stock has a market cap of $260.83 million, a PE ratio of 48.26, a price-to-earnings-growth ratio of 5.64 and a beta of 1.64.

Anadarko Petroleum (NASDAQ:APC) last posted its quarterly earnings data on Friday, May 15th. The oil and gas development company reported $0.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.20. Anadarko Petroleum had a negative net margin of 4.20% and a positive return on equity of 10.49%. The business’s revenue was down .2% compared to the same quarter last year. As a group, analysts forecast that Anadarko Petroleum will post 1.97 EPS for the current fiscal year.

About Anadarko Petroleum

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.