Anadarko Petroleum Gets a Buy Rating from Cowen & Co.

By Carrie Williams

In a report issued on September 15, Charles Robertson II from Cowen & Co. reiterated a Buy rating on Anadarko Petroleum (NYSE: APC), with a price target of $60. The company’s shares closed on Friday at $43.55, close to its 52-week low of $39.96.

According to TipRanks.com, II is ranked 0 out of 5 stars with an average return of -14.6% and a 30.9% success rate. II covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Continental Resources, and Lonestar Resources US.

Currently, the analyst consensus on Anadarko Petroleum is Moderate Buy and the average price target is $62, representing a 42.4% upside.

In a report issued on September 1, Stifel Nicolaus also reiterated a Buy rating on the stock with a $76 price target.

The company has a one year high of $73.33 and a one year low of $39.96. Currently, Anadarko Petroleum has an average volume of 4.91M.

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Anadarko Petroleum Corp. is an independent exploration and production company. Its asset portfolio includes positions in onshore resource plays in the Rocky Mountains region, the southern U.S. and the Appalachian basin.