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Analysts’ Recommendations for Anadarko Petroleum before 1Q16 Earnings

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Dec. 4 2020, Updated 10:43 a.m. ET

Analysts’ recommendations for Anadarko Petroleum

In the weeks leading up to Anadarko Petroleum’s (APC) 1Q16 earnings release, Wall Street analysts provided target prices for its stock for the next 12 months.

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Consensus rating for Anadarko Petroleum

Approximately 81% of analysts rate Anadarko Petroleum a “buy,” ~14% rate it a “hold,” and 5% rate it a “sell.” The average broker target price of $58.16 for APC implies a ~11% return in the next 12 months. Its peers Apache (APA), Cimarex Energy (XEC), and Concho Resources (CXO) have average broker target prices of $47.55, $106.76, and $116.47, respectively. These imply returns of ~14%, 0.5%, and ~3%, respectively, in the next 12 months.

Analysts’ high, low, and median target prices for APC are $85, $26, and $58, respectively. APC makes up ~2.3% of the Energy Select Sector SPDR Fund (XLE).

Analysts’ target prices for APC

In terms of individual recommendations, Société Général gave APC the most optimistic target price of $65. This implies a return of approximately 24% in the next 12 months. Wolfe Research also gave APC an optimistic price target of $59, implying a return of ~13% in the next 12 months.

Evercore ISI and J.P. Morgan (JPM) gave APC lower target prices of $56 and $55, respectively, implying returns of 6.9% and 5%, respectively, in the next 12 months.

Raymond James and Barclays (BCS) gave APC even lower target prices of $52 and $40, respectively. These imply returns of -0.7% and -23%, respectively, over the next year.

Read What Could Possibly Fuel Anadarko Petroleum in 2016? for a detailed overview of the company.

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