Anadarko Petroleum on the Street: The Wall Street Analysts’ Take

Approximately 44% of the analysts covering Anadarko Petroleum (APC) have rated the stock a “buy.” Notably, 29% of the analysts have rated the stock as “strong buy,” while 23.5% of the analysts have rated APC a “hold.”

APC’s average broker target price of $64.43 implies a potential return of ~45.7% for the stock over the next 12 months.

Anadarko Petroleum’s high target price is $100, while its low target price is $32. APC makes up ~6.3% of the iShares US Oil & Gas Exploration & Production ETF (IEO).

Recently, on June 29, 2017, Susquehanna initiated coverage on APC’s stock. On June 14, Barclays downgraded the stock from “equal weight” to “underweight.”

In May, Morgan Stanley downgraded APC from “overweight” to “equal weight” Macquarie downgraded APC from “outperform” to “neutral” in May, and Wells Fargo downgraded APC from “outperform” to “market perform” that same month.