UBS Group Has Lowered Expectations for Anadarko Petroleum (NASDAQ:APC) Stock Price

Key Points

• UBS Group lowered its price target for Anadarko Petroleum from $22 to $21 while maintaining a “buy” rating, implying roughly 14.5% upside from the stock’s $18.34 price.
• Analyst sentiment remains mixed but leans positive: MarketBeat reports a consensus rating of “Moderate Buy” and an average price target of $21.80, despite recent downgrades and a “sell” initiation.
• Anadarko reported quarterly EPS of $0.26, missing the $0.36 consensus estimate, while revenue rose 27.4% year over year to $1.84 billion.

Anadarko Petroleum (NASDAQ:APC - Get Free Report) had its price objective lowered by stock analysts at UBS Group from $22.00 to $21.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the oil and gas development company's stock. UBS Group's price objective indicates a potential upside of 14.50% from the stock's current price.

A number of other analysts also recently weighed in on APC. Zacks Research downgraded shares of Anadarko Petroleum from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 10th. Mizuho upped their price target on shares of Anadarko Petroleum from $20.00 to $22.00 and gave the company a "neutral" rating in a report on Tuesday, July 28th. Finally, Weiss Ratings initiated coverage on shares of Anadarko Petroleum in a research note on Thursday, May 28th. They set a "sell (e)" rating on the stock. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $21.80.

Anadarko Petroleum Stock Performance

NASDAQ APC opened at $18.34 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $230.53 million and a PE ratio of 42.65. The business's 50-day moving average price is $19.57 and its 200 day moving average price is $25.21. Anadarko Petroleum has a twelve month low of $17.00 and a twelve month high of $21.72.

Anadarko Petroleum (NASDAQ:APC - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The oil and gas development company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.10). The business had revenue of $1.84 billion during the quarter. The business's revenue for the quarter was up 27.4% on a year-over-year basis. On average, research analysts predict that Anadarko Petroleum will post 1.33 earnings per share for the current year.

Anadarko Petroleum Company Profile

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Exploration and Production, WES Midstream, and Other Midstream. The company explores for and produces oil, natural gas, and natural gas liquids (NGLs). It is also involved in gathering, processing, treating, and transporting oil, natural-gas, and NGLs production, as well as the gathering and disposal of produced water. The company's oil and natural gas properties are located in the United States onshore and deepwater Gulf of Mexico; and Algeria, Ghana, Mozambique, Colombia, Peru, and other countries.

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