Stifel Nicolaus Sticks to Its Buy Rating for Anadarko Petroleum

By Ryan Adsit

Stifel Nicolaus analyst Michael Scialla reiterated a Buy rating on Anadarko Petroleum (NYSE: APC) on May 23 and set a price target of $79. The company’s shares closed yesterday at $51.84, close to its 52-week low of $48.67.

According to, Scialla is ranked 0 out of 5 stars with an average return of -9.7% and a 41.3% success rate. Scialla covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Quicksilver Resources Inc, and Abraxas Petroleum Corp.

Currently, the analyst consensus on Anadarko Petroleum is Moderate Buy and the average price target is $72.11, representing a 39.1% upside.

In a report issued on May 11, RBC Capital also reiterated a Buy rating on the stock with a $78 price target.

The company has a one year high of $73.33 and a one year low of $48.67. Currently, Anadarko Petroleum has an average volume of 4.95M.

Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of APC in relation to earlier this year. Earlier this month, John R. Gordon, a Director at APC bought 3,950 shares for a total of $186,440.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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. The company is also an independent producer in the deepwater Gulf of Mexico, and has production and exploration activities worldwide including positions in East and West Africa, Algeria, China, Alaska, and New Zealand. The company operates through three segments: Oil and gas exploration and production, Midstream, and Marketing. The Oil and gas exploration and production segment explores for and produces natural gas, crude oil, condensate, and natural gas liquids. The Midstream segment engages in gathering, processing, treating, and transportation services to the company and third-party oil and natural gas producers. It owns and operates gathering, processing, treating, and transportation systems in the United States. The Marketing segment sells most of the company’s production, as well as production purchased from third parties. It markets oil, natural gas, and natural gas liquids in the United States, Algeria, China and Ghana. Anadarko Petroleum was founded in 1959 and is headquartered in The Woodlands, TX.