Mizuho Securities analyst Paul Sankey reiterated a Buy rating on Anadarko Petroleum (APC) yesterday and set a price target of $74. The company’s shares opened today at $55.39.
According to TipRanks.com, Sankey is a 1-star analyst with an average return of -2.0% and a 43.5% success rate. Sankey covers the Basic Materials sector, focusing on stocks such as Marathon Petroleum Corporation, Occidental Petroleum, and Valero Energy Corp.
Currently, the analyst consensus on Anadarko Petroleum is a Strong Buy with an average price target of $84.33, which is a 52.2% upside from current levels. In a report issued on November 25, Stifel Nicolaus also reiterated a Buy rating on the stock with a $82 price target.
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The company has a one-year high of $76.70 and a one-year low of $46.80. Currently, Anadarko Petroleum has an average volume of 4.75M.
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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.
