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Anadarko Petroleum Corporation (APC) [hlAlert]

up 21.11 %

Anadarko Petroleum Corporation (APC) rated Buy with price target $81 by Stanford Research

Posted on: Tuesday,  Sep 23, 2008  9:25 AM ET by Stanford Research

Stanford Research rated Buy Anadarko Petroleum Corporation (NYSE: APC) on 09/23/2008, when the stock price was $56.98. Since
then, Anadarko Petroleum Corporation has gained 21.11% as of 11/25/2015's recent price of $69.01.
If you would have followed this Stanford Research's recommendation on APC, you would have gained 21.11% of your investment in 2619 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.

Stanford Research encompasses both institutional equity research and Washington-focused policy research, offering a perspective on individual companies, sector-specific topics and national policy. The importance Stanford Group Company places on research comes from years of experience in a constantly changing world. We know that as markets develop and new sectors grow, it is imperative that our clients have the most accurate information available to ensure financial success. Stanford Group Company clients will always have our commitment to conduct informative and enlightening research. As a part of our commitment to our clients, we provide objective, well-developed research. Our skilled analysts use their talent to provide invaluable research that can help in making important decisions. Thanks to a wide range of resources obtained through technology, experience and reputation, our research analysts develop reports on the most current firms and sectors. Our equity analysts offer insight and opinions on companies in the consumer/retail, media, energy, financial institutions, health care, technology and water/environment sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/23/2008 9:25 AM Buy
56.98 81.00
as of 12/24/2008
1 Week up  1.07 %
1 Month up  2.03 %
3 Months up  16.31 %
1 YTD down  -22.67 %

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