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Can Anadarko Petroleum’s 2Q17 Earnings Revitalize Its Stock?

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Part 4
Can Anadarko Petroleum’s 2Q17 Earnings Revitalize Its Stock? PART 4 OF 5

What Analysts Recommend for APC ahead of Its 2Q17 Earnings

Analysts’ ratings for Anadarko Petroleum

Approximately 47% of analysts covering Anadarko Petroleum (APC) rated it as a “buy,” and ~28% rated it as a “strong buy.” Around 22% of the analysts rated the stock as a “hold.”

Anadarko Petroleum’s average target price of $71.80 implies an ~65% return over the next 12 months. Anadarko Petroleum’s high target price stands at $100.00, and its low target price is ~$32.00. APC makes up 2% of the SPDR S&P Oil & Gas Exploration & Production ETF (XOP).

What Analysts Recommend for APC ahead of Its 2Q17 Earnings

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Recent upgrades and downgrades on APC stock

On June 29, 2017, Susquehanna initiated coverage on APC stock with a “positive” rating. On June 14, 2017, Barclays downgraded APC from “equal-weight” to “underweight.”

On May 3, 2017, three firms downgraded Anadarko Petroleum, possibly due to the weak 1Q17 earnings it reported on May 2. Macquarie downgraded APC from “outperform” to “neutral,” and Wells Fargo downgraded Anadarko Petroleum from “outperform” to “market perform.” Morgan Stanley downgraded APC from “overweight” to “equal-weight.”

In February 2017, Atlantic Equities upgraded its rating for Anadarko Petroleum from “underweight” to “neutral.” In January 2017, Raymond James downgraded its rating for Anadarko Petroleum from “outperform” to “market perform.”

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