Analysts’ Recommendations for Anadarko Petroleum before 1Q16 Earnings
Will Anadarko Petroleum Beat 1Q16 Earnings Estimates?
Analysts’ recommendations for Anadarko Petroleum
In the weeks leading up to Anadarko Petroleum’s (APC) 1Q16 earnings release, Wall Street analysts provided target prices for its stock for the next 12 months.
Consensus rating for Anadarko Petroleum
Approximately 81% of analysts rate Anadarko Petroleum a “buy,” ~14% rate it a “hold,” and 5% rate it a “sell.” The average broker target price of $58.16 for APC implies a ~11% return in the next 12 months. Its peers Apache (APA), Cimarex Energy (XEC), and Concho Resources (CXO) have average broker target prices of $47.55, $106.76, and $116.47, respectively. These imply returns of ~14%, 0.5%, and ~3%, respectively, in the next 12 months.
Analysts’ high, low, and median target prices for APC are $85, $26, and $58, respectively. APC makes up ~2.3% of the Energy Select Sector SPDR Fund (XLE).
Analysts’ target prices for APC
In terms of individual recommendations, Société Général gave APC the most optimistic target price of $65. This implies a return of approximately 24% in the next 12 months. Wolfe Research also gave APC an optimistic price target of $59, implying a return of ~13% in the next 12 months.
Evercore ISI and J.P. Morgan (JPM) gave APC lower target prices of $56 and $55, respectively, implying returns of 6.9% and 5%, respectively, in the next 12 months.
Raymond James and Barclays (BCS) gave APC even lower target prices of $52 and $40, respectively. These imply returns of -0.7% and -23%, respectively, over the next year.
Read What Could Possibly Fuel Anadarko Petroleum in 2016? for a detailed overview of the company.
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