Piper Jaffray analyst Ryan Todd reiterated a Buy rating on Anadarko Petroleum (APC) today and set a price target of $62. The company’s shares opened today at $47.83.
According to TipRanks.com, Todd is a 1-star analyst with an average return of -1.6% and a 44.3% success rate. Todd covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, Whiting Petroleum Corp, and Continental Resources.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Anadarko Petroleum with a $74.20 average price target, implying a 55.1% upside from current levels. In a report issued on January 7, Susquehanna also reiterated a Buy rating on the stock with a $62 price target.
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The company has a one-year high of $76.70 and a one-year low of $40.40. Currently, Anadarko Petroleum has an average volume of 5.47M.
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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.
