Credit Suisse analyst William Featherston maintained a Buy rating on Anadarko Petroleum (APC) yesterday and set a price target of $73. The company’s shares closed yesterday at $46.79, close to its 52-week low of $46.49.
According to TipRanks.com, Featherston is a 1-star analyst with an average return of -4.5% and a 42.9% success rate. Featherston covers the Basic Materials sector, focusing on stocks such as Chesapeake Energy, Devon Energy Corp, and Murphy Oil Corp.
Currently, the analyst consensus on Anadarko Petroleum is a Strong Buy with an average price target of $78.31, representing a 67.4% upside. In a report issued on December 7, J.P. Morgan also maintained a Buy rating on the stock with a $66 price target.
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The company has a one-year high of $76.70 and a one-year low of $46.49. Currently, Anadarko Petroleum has an average volume of 4.99M.
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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.
