Yahoo Finance What Do Analysts Recommend for Anadarko?
Anardarko's 1Q16 Fulfills Analysts' Predictions: What's to Come?
Analysts’ recommendations for Anadarko
Following Anadarko Petroleum’s (APC) 1Q16 earnings release, Wall Street analysts updated their target prices for the next 12 months.
Consensus rating for Anadarko Petroleum
Approximately 78% of analysts rate Anadarko a “buy,” 17% rate it a “hold,” and 5% rate it a “sell.” The average broker target price of $59.07 for Anadarko implies a return of around ~18% in the next 12 months. Upstream peers Apache (APA), Concho Resources (CXO), and Cimarex Energy (XEC) have average broker target prices of $48.86, $118.61, and $108.53, respectively. These figures imply returns of -6.2%, 5%, and ~12.5%, respectively, in the next 12 months.
High, low, and median analyst target prices for Anadarko are $85, $26, and $58, respectively. Anadarko Petroleum is a component of the Energy Select Sector SPDR ETF (XLE). The XLE ETF invests ~2.6% of its portfolio in the company.
Analysts’ target prices for APC
Scotia Howard Weil and Société Générale gave Anadarko Petroleum the most optimistic target prices of $71 and $65, respectively, which implies returns of around 42% and 30% in the next 12 months.
UBS (OUBS) and Capital One Securities also gave optimistic target prices, of $64 and $63, respectively, implying returns of around ~28% and 26% in the next 12 months. JPMorgan Chase (JPM) provided a target price of $62, implying a return of 24% in the next 12 months.
Goldman Sachs (GS) gave a lower price target of $60, implying respective returns of ~20% in the next 12 months. Raymond James and Jefferies gave lower price targets of $57 each, implying returns of ~14% in the next 12 months.
One of the lowest targets was given by Morgan Stanley (MS), which gave Anadarko target price of $46. This implies returns of -8% over the next year. For a detailed overview of the company, read What Could Possibly Fuel Anadarko Petroleum in 2016?
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