Oppenheimer Raises Numbers on Anadarko Petroleum (APC)

Citing growth in exploration and onshore drilling, Oppenheimer & Co. analysts boosted the price target and earnings estimates on oil and gas company Anadarko Petroleum Corporation (APC) on Tuesday.

The analysts maintain an “Outperform” rating on APC and now see shares reaching $100. This target suggests about a +22% upside to Friday’s closing price of $82.08.

Anadarko Petroleum shares were inactive during pre-market trading on Tuesday. The stock is down about -7% over the past year.

The Bottom Line
Shares of Anadarko Petroleum (APC) have a dividend yield of 0.44% based on Friday’s closing price of $82.08 and the company’s annualized dividend payout of 36 cents per share.

Anadarko Petroleum Corporation (APC) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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