Susquehanna Believes Anadarko Petroleum (APC) Still Has Room to Grow


In a report issued on July 9, Biju Perincheril from Susquehanna reiterated a Buy rating on Anadarko Petroleum (NYSE: APC), with a price target of $93. The company’s shares closed yesterday at $74.59, close to its 52-week high of $76.70.

According to TipRanks.com, Perincheril is a 5-star analyst with an average return of 18.8% and a 70.7% success rate. Perincheril covers the Basic Materials sector, focusing on stocks such as Jagged Peak Energy Inc, Whiting Petroleum Corp, and Continental Resources.

Anadarko Petroleum has an analyst consensus of Moderate Buy, with a price target consensus of $82.90, representing an 11.1% upside. 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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Based on Anadarko Petroleum’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.03 billion and net profit of $117 million. In comparison, last year the company earned revenue of $2.42 billion and had a GAAP net loss of $417 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.

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