Mizuho Securities Sticks to Their Buy Rating for Anadarko Petroleum (APC)

By Austin Angelo

Mizuho Securities analyst Paul Sankey reiterated a Buy rating on Anadarko Petroleum (APCResearch Report) today and set a price target of $55. The company’s shares opened today at $43.29, close to its 52-week low of $40.40.

According to TipRanks.com, Sankey ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -5.6% and a 30.9% success rate. Sankey covers the Basic Materials sector, focusing on stocks such as Marathon Petroleum Corporation, Continental Resources, and Valero Energy Corp.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Anadarko Petroleum with a $69.06 average price target, a 59.5% upside from current levels. In a report issued on January 30, Jefferies also reiterated a Buy rating on the stock with a $81 price target.

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The company has a one-year high of $76.70 and a one-year low of $40.40. Currently, Anadarko Petroleum has an average volume of 5.41M.

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Anadarko Petroleum Corp. is an independent exploration and production company. It operates through the following segments: Oil and Gas Exploration and Production; Midstream; and Marketing. The Oil and Gas Exploration and Production segment explores and produces natural gas, crude oil, condensate, and natural gas liquids.