In a report released today, Devin McDermott from Morgan Stanley maintained a Hold rating on Anadarko Petroleum (NYSE: APC), with a price target of $85. The company’s shares closed yesterday at $66.28.
According to TipRanks.com, McDermott is a 2-star analyst with an average return of 1.7% and a 31.8% success rate. McDermott covers the Basic Materials sector, focusing on stocks such as Range Resources Corp, Gulfport Energy Corp, and Southwestern Energy.
Anadarko Petroleum has an analyst consensus of Strong Buy, with a price target consensus of $88.33.
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Anadarko Petroleum’s market cap is currently $33.25B and has a P/E ratio of 81.08. The company has a Price to Book ratio of 3.73.
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Anadarko Petroleum Corp. is an independent exploration and production company. It operates through the following segments: Oil and Gas Exploration and Production; Midstream; and Marketing. The Oil and Gas Exploration and Production segment explores and produces natural gas, crude oil, condensate, and natural gas liquids.
