Analysts’ recommendations for Anadarko Petroleum
In the weeks leading up to Anadarko Petroleum’s (APC) 2Q16 earnings release, Wall Street analysts provided target prices for its stock for the next 12 months.
Consensus rating for Anadarko Petroleum
Approximately 73% of analysts rate Anadarko Petroleum a “buy,” ~22% rate it a “hold,” and 5% rate it a “sell.” The average broker target price of $65.69 for APC implies a ~18% return in the next 12 months.
Its peers Apache (APA) and Concho Resources (CXO) have average broker target prices of $56.83 and $134.80, respectively. APA and CXO’s stock prices on July 15, 2016, were $57.12 and $122.98, respectively.
APC makes up ~2.3% of the Energy Select Sector SPDR ETF (XLE).
Analysts’ target prices for APC
In terms of individual recommendations, Tudor, Pickering, Holt & Co. gave APC the most optimistic target price of $86. This implies returns of ~55% in the next 12 months. Scotia Howard Weil also gave APC an optimistic price target of $79, implying a return of ~42% in the next 12 months.
Wolfe Research and Morgan Stanley (MS) also gave APC an optimistic target price of $74 each, as did Bernstein, which gave a target price of $75. These imply returns of approximately 33% and 35%, respectively, in the next 12 months.
Capital One Securities gave APC a lower price target of $68, implying a return of ~23% in the next 12 months.
RBC Capital Markets and Credit Suisse (CS) gave APC a price of $66 each, while Société Général gave APC a target price of $65. These imply returns of approximately 19% and 17%, respectively, in the next 12 months.
Barclays (BCS) gave APC one of the lowest target prices of $46. This implies returns of -17% over the next year.