Oppenheimer Maintains an 'Outperform' on Anadarko Petroleum (APC); Q2 First Look: Pros Vs. Cons
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Price: $87.00 --0%
Rating Summary:
21 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 17 | New: 21
Rating Summary:
21 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 17 | New: 21
Trade APC Now!
Oppenheimer maintains an 'Outperform' on Anadarko Petroleum (NYSE: APC) price target of $100.00.
Analyst, Fadel Gheit, said, "Adjusted 2Q12 earnings were $424M, or $0.85/sh, above consensus of $0.77/sh, but down 25% from a year ago and 8% sequentially. Earnings benefited mainly from higher production, particularly US oil, as well as lower unit costs, offset by lower realized oil and gas prices. Sales volumes averaged 68 mmboe (742 mboed), above prior guidance of 65 mmboe. Anadarko announced exploration success at Paon offshore Cote d’Ivoire, and continued appraisal success offshore Mozambique with a second major natural gas complex (10-30+ Tcf) and another discovery offshore Ghana. APC has yet to reach a settlement in the Tronox (Nasdaq: TROX) litigation, but indicated a more thorough update will be included with the 10-Q filing on August 9."
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 $71.75 yesterday, with a 52 week range of $56.42-$88.70.
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Analyst, Fadel Gheit, said, "Adjusted 2Q12 earnings were $424M, or $0.85/sh, above consensus of $0.77/sh, but down 25% from a year ago and 8% sequentially. Earnings benefited mainly from higher production, particularly US oil, as well as lower unit costs, offset by lower realized oil and gas prices. Sales volumes averaged 68 mmboe (742 mboed), above prior guidance of 65 mmboe. Anadarko announced exploration success at Paon offshore Cote d’Ivoire, and continued appraisal success offshore Mozambique with a second major natural gas complex (10-30+ Tcf) and another discovery offshore Ghana. APC has yet to reach a settlement in the Tronox (Nasdaq: TROX) litigation, but indicated a more thorough update will be included with the 10-Q filing on August 9."
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 $71.75 yesterday, with a 52 week range of $56.42-$88.70.
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