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Anadarko Petroleum Corporation (APC) [hlAlert]

Rating:
Buy APC
down 20.23 %

Anadarko Petroleum Corporation (APC) rated Buy with price target $100 by Argus

Posted on: Monday,  Mar 16, 2015  8:25 AM ET by Argus

Argus rated Buy Anadarko Petroleum Corporation (NYSE: APC) on 03/16/2015. Previously Argus rated Buy Anadarko Petroleum Corporation (NYSE: APC) on 03/06/2014.,
when the stock price was $86.52. Since then, Anadarko Petroleum Corporation has lost 20.24% as of 11/25/2015's recent price of $69.01.
If you would have followed the previous Argus's recommendation on APC, you would have lost 20.23% of your investment in 629 days.

Anadarko Petroleum Corporation (Anadarko) is an independent oil and gas exploration and production company with 2.28 billion barrels of oil equivalent (BOE) of proved reserves as of December 31, 2008. The Company operates in three segments: oil and gas exploration and production, which explores for and produces natural gas, crude oil, condensate and natural gas liquids (NGLs); midstream, which is engaged in gathering, processing, treating and transporting Anadarko and third-party oil and gas production, and marketing, which sells most of Anadarko?s production, as well as commodities purchased from third parties. In December 2008, Anadarko completed the sale of its 50% interest in the Peregrino heavy-oil field offshore Brazil to StatoilHydro. In 2008, the Company divested certain oil and gas properties, primarily in Brazil, onshore in the United States and the Gulf of Mexico.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/25/2015 9:25 AM Buy
None
61.13 90.00
as of 8/27/2015
1 Week down  -2.87 %
1 Month down  -16.06 %
3 Months down  -18.32 %
1 YTD down  -11.44 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/16/2015 8:25 AM Buy
None
77.93 100.00
3/6/2014 8:25 AM Buy
None
86.52 96.00

(*) Stock Price at the time of the recommendation.
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