Equities research analysts at Morgan Stanley (NYSE: MS) initiated coverage on shares of Anadarko Petroleum (NYSE: APC) in a research note issued to investors on Wednesday. They set an “overweight” rating and a $100.00 price target on the stock.
Separately, analysts at Oppenheimer (NYSE: OPY) upgraded shares of Anadarko Petroleum from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $90.00 price target on the stock. Analysts at Jefferies raised their price target on shares of Anadarko Petroleum to $104.00 in a research note to investors on Monday. Also, analysts at Goldman Sachs (NYSE: GS) reiterated a “buy” rating on shares of Anadarko Petroleum in a research note to investors on Monday.
Anadarko Petroleum Corporation (Anadarko) is an independent oil and gas exploration and production company, with 2.3 billion barrels of oil equivalent of proved reserves as of December 31, 2009. The Company operates in three operating segments: Oil and gas exploration and production, Midstream and Marketing. Oil and gas exploration and production segment explores for and produces natural gas, crude oil, condensate and natural gas liquids (NGLs). Midstream segment provides gathering, processing, treating and transportation services to Anadarko and third-party oil and gas producers. The Company owns and operates natural-gas gathering, processing, treating and transportation systems in the United States. Marketing segment sells much of Anadarko’s production, as well as hydrocarbons purchased from third parties. During the year ended December 31, 2009, Anadarko divested certain oil and gas properties, primarily in Qatar, onshore United States and other international properties.
Shares of Anadarko Petroleum opened at 78.91 on Wednesday. Anadarko Petroleum has a 52 week low of $56.20 and a 52 week high of $85.50. The stock’s 50-day moving average is $69.89 and its 200-day moving average is $74.46. The company has a market cap of $39.282 billion and a price-to-earnings ratio of 46.86. Read More
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