Anadarko Petroleum PT Lowered to $121.00 (APC)

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Anadarko Petroleum (NYSE:APC) had its price target trimmed by Barclays from $125.00 to $121.00 in a research note issued to investors on Monday. The firm currently has an equal weight rating on the stock.

APC has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a buy rating on shares of Anadarko Petroleum in a research note on Friday. They now have a $137.00 price target on the stock, up previously from $126.00. Separately, analysts at Bernstein downgraded shares of Anadarko Petroleum from an outperform rating to a market perform rating in a research note on Friday. They now have a $107.00 price target on the stock. Finally, analysts at Sanford C. Bernstein downgraded shares of Anadarko Petroleum from an outperform rating to a market perform rating in a research note on Friday. Nine equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $116.00.

Shares of Anadarko Petroleum (NYSE:APC) traded up 0.14% during mid-day trading on Monday, hitting $109.025. The stock had a trading volume of 658,196 shares. Anadarko Petroleum has a 1-year low of $73.60 and a 1-year high of $112.80. The stock’s 50-day moving average is $107.3 and its 200-day moving average is $93.65. The company’s market cap is $55.064 billion.

Anadarko Petroleum (NYSE:APC) last released its earnings data on Monday, May 5th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.10. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the previous year, the company posted $1.08 earnings per share. Analysts expect that Anadarko Petroleum will post $5.33 EPS for the current fiscal year.

Anadarko Petroleum Corporation (NYSE:APC) is an independent exploration and production company.

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