In a report issued on December 13, Mark Lear from Jefferies reiterated a Buy rating on Anadarko Petroleum (APC), with a price target of $80. The company’s shares closed on Friday at $50.95, close to its 52-week low of $47.54.
According to TipRanks.com, Lear is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -12.2% and a 27.5% success rate. Lear covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Jagged Peak Energy Inc, and Whiting Petroleum Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Anadarko Petroleum with a $80.15 average price target, implying a 57.3% upside from current levels. In a report issued on November 29, Cowen & Co. also assigned a Buy rating to the stock with a $75 price target.
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Anadarko Petroleum’s market cap is currently $25.16B and has a P/E ratio of 18.15. The company has a Price to Book ratio of 2.89.
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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.
