After Jefferies and Societe Generale gave Anadarko Petroleum (NYSE: APC) a Buy rating last month, the company received another Buy, this time from BMO Capital. Analyst Phillip Jungwirth reiterated a Buy rating on Anadarko Petroleum today and set a price target of $55. The company’s shares opened today at $46.72.
According to TipRanks.com, Jungwirth is a 1-star analyst with an average return of -3.3% and a 40.5% success rate. Jungwirth covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Whiting Petroleum Corp, and Continental Resources.
Anadarko Petroleum has an analyst consensus of Strong Buy, with a price target consensus of $75.43, a 61.5% upside from current levels. In a report released today, Susquehanna also reiterated a Buy rating on the stock with a $62 price target.
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Based on Anadarko Petroleum’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.61 billion and net profit of $359 million. In comparison, last year the company earned revenue of $3.04 billion and had a net profit of $976 million.
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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.
