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Analysts’ Recommendations for Anadarko Petroleum before 2Q16 Earnings

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Jul. 25 2016, Updated 9:04 a.m. ET

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.

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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.

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