Deutsche Bank AG upgraded Anadarko Petroleum Corporation (NYSE:APC) to Buy in a statement released earlier today.
- Updated: October 12, 2016
Deutsche Bank AG has upgraded Anadarko Petroleum Corporation (NYSE:APC) to Buy in a statement released on Thursday October 13, 2016.
On Tuesday October 04, 2016, Barclays released a statement on Anadarko Petroleum Corporation (NYSE:APC) upped the target price from $50.00 to $60.00 that suggested a downside of -0.05%.
Having a price of $63.93, Anadarko Petroleum Corporation (NYSE:APC) traded -1.09% lower on the day. With the last close up 17.93% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Anadarko Petroleum Corporation has recorded a 50-day average of $59.11 and a two hundred day average of $53.61. Volume of trade was down over the average, with 355,746 shares of APC changing hands under the typical 5,449,560
With a total market value of $0, Anadarko Petroleum Corporation has 52 week low of $28.16 and a 52 week high of $73.87 .
In addition to Deutsche Bank AG reporting its stock price target, a total of 32 brokers have issued a research note on the company. The average stock price target is $64.50 with 9 brokers rating the stock a strong buy, 19 brokers rating the stock a buy, 7 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Anadarko Petroleum Corporation (NYSE:APC)
Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company's segments include Oil and Gas Exploration & Production; Midstream, and Marketing. The Oil and Gas Exploration & Production segment explores for and produces oil, condensate, natural gas and natural gas liquids (NGLs), and focuses on the development and operation of the Company's liquefied natural gas (LNG) project in Mozambique. The Midstream segment engages in gathering, processing, treating and transporting Anadarko and third-party oil, natural-gas and NGLs production. The Marketing segment sells Anadarko's oil, natural-gas and NGLs production, as well as third-party purchased volumes. The Company's asset portfolio includes the United States onshore resource plays in the Rocky Mountains, the southern United States, the Appalachian basin and Alaska, as well as other countries, such as Algeria, Ghana, Mozambique, Colombia, New Zealand and Kenya.
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