Jefferies Maintains Buy on Anadarko Petroleum (APC) After Q4 "Beat"

Jefferies reiterated its Buy rating and $95 price target on Anadarko Petroleum (NYSE: APC) following Q4 results after the close.

The firm comments, "APC beat the quarter on strong liquids production, which came in above guidance as well as our estimates. Reserve report showed growth that was just shy of our forecast. The company grew production from Eagle Ford and Marcellus very rapidly in 4Q, ahead of our expectations."

For an analyst ratings summary and ratings history on Anadarko Petroleum click here. For more ratings news on Anadarko Petroleum click here.

Shares of Anadarko Petroleum closed at $82.87 yesterday, with a 52 week range of $57.11-$85.50.

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