BMO Capital analyst Phillip Jungwirth reiterated a Hold rating on Anadarko Petroleum (NYSE: APC) today and set a price target of $60. The company’s shares closed last Friday at $51.63, close to its 52-week low of $47.35.
According to TipRanks.com, Jungwirth is a 4-star analyst with an average return of 5.5% and a 50.3% success rate. Jungwirth covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Rice Midstream Partners, and Jagged Peak Energy Inc.
Currently, the analyst consensus on Anadarko Petroleum is Moderate Buy and the average price target is $72.22, representing a 39.9% upside.
In a report issued on May 3, Wells Fargo also downgraded the stock to Hold.
Based on Anadarko Petroleum’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $4.64 billion and GAAP net loss of $320 million. In comparison, last year the company earned revenue of $1.64 billion and had a GAAP net loss of $1.04 billion.
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, John R. Gordon, a Director at APC bought 3,950 shares for a total of $186,440.
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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. 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.