After Jefferies and Societe Generale gave Anadarko Petroleum (NYSE: APC) a Buy rating last month, the company received another Buy, this time from RBC Capital. Analyst Scott Hanold reiterated a Buy rating on Anadarko Petroleum today and set a price target of $74. The company’s shares opened today at $46.72.
According to TipRanks.com, Hanold has 0 stars on 0-5 star ranking scale with an average return of -7.0% and a 36.6% success rate. Hanold covers the Basic Materials sector, focusing on stocks such as Devon Energy Corp, Conocophillips, and EOG Resources.
Currently, the analyst consensus on Anadarko Petroleum is a Strong Buy with an average price target of $74.21, which is a 58.8% 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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Anadarko Petroleum’s market cap is currently $22.85B and has a P/E ratio of 16.48. The company has a Price to Book ratio of 2.63.
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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.
