Anadarko Petroleum (APC) Receives a Buy from Jefferies


Jefferies analyst Mark Lear reiterated a Buy rating on Anadarko Petroleum (NYSE: APC) today and set a price target of $88. The company’s shares closed yesterday at $68.28.

According to TipRanks.com, Lear is a 3-star analyst with an average return of 1.4% and a 49.4% success rate. Lear covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Whiting Petroleum Corp, and Jagged Peak Energy Inc.

Currently, the analyst consensus on Anadarko Petroleum is a Strong Buy with an average price target of $87.71, implying a 28.5% upside from current levels. In a report issued on July 23, Mizuho Securities also initiated coverage with a Buy rating on the stock with a $102 price target.

.

See today’s analyst top recommended stocks >>

The company has a one-year high of $76.70 and a one-year low of $39.96. Currently, Anadarko Petroleum has an average volume of 4.37M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts