Piper Jaffray analyst Ryan Todd reiterated a Buy rating on Anadarko Petroleum (APC) on November 15 and set a price target of $87. The company’s shares closed on Friday at $56.38.
According to TipRanks.com, Todd is a 3-star analyst with an average return of 0.8% and a 48.6% success rate. Todd covers the Basic Materials sector, focusing on stocks such as Continental Resources, Gulfport Energy Corp, and Black Stone Minerals.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Anadarko Petroleum with a $87.23 average price target, implying a 54.7% upside from current levels. In a report issued on October 31, Stifel Nicolaus also reiterated a Buy rating on the stock with a $80 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 4.7M.
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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.
