Guggenheim analyst Subash Chandra reiterated a Buy rating on Anadarko Petroleum (NYSE: APC) on July 10 and set a price target of $84. The company’s shares closed yesterday at $74.59, close to its 52-week high of $76.70.
According to TipRanks.com, Chandra is a 4-star analyst with an average return of 14.7% and a 64.5% success rate. Chandra covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, Continental Resources, and Range Resources Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Anadarko Petroleum with a $82.10 average price target, which is a 10.1% upside from current levels. In a report issued on July 2, Credit Suisse also reiterated a Buy rating on the stock with a $84 price target.
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Anadarko Petroleum’s market cap is currently $37.59B and has a P/E ratio of 9945.33. The company has a Price to Book ratio of 4.30.
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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.
