Morgan Stanley analyst Devin McDermott maintained a Hold rating on Anadarko Petroleum (APC) today and set a price target of $76. The company’s shares opened today at $54.35.
According to TipRanks.com, McDermott is a 2-star analyst with an average return of 1.0% and a 35.5% success rate. McDermott covers the Basic Materials sector, focusing on stocks such as Range Resources Corp, Gulfport Energy Corp, and Occidental Petroleum.
Anadarko Petroleum has an analyst consensus of Strong Buy, with a price target consensus of $86.38.
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Based on Anadarko Petroleum’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.61 billion and net profit of $359 million. In comparison, last year the company earned revenue of $2.61 billion and had a GAAP net loss of $701 million.
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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.
