BMO Capital Sticks to Its Buy Rating for Anadarko Petroleum (APC)
BMO Capital analyst Phillip Jungwirth reiterated a Buy rating on Anadarko Petroleum (NYSE: APC) on October 9 and set a price target of $85. The company’s shares opened today at $67.42.
According to TipRanks.com, Jungwirth is a 4-star analyst with an average return of 8.2% and a 60.4% success rate. Jungwirth covers the Basic Materials sector, focusing on stocks such as Continental Resources, Devon Energy Corp, and Antero Resources.
Currently, the analyst consensus on Anadarko Petroleum is a Strong Buy with an average price target of $88.33, implying a 31.0% upside from current levels. In a report issued on September 28, Piper Jaffray also maintained a Buy rating on the stock with a $85 price target.
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Anadarko Petroleum’s market cap is currently $34.11B and has a P/E ratio of 83.18. The company has a Price to Book ratio of 3.83.
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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.