NEW YORK (TheStreet) -- Shares of Anadarko Petroleum are surging, up 4.22% to $86.26 in early market trading Tuesday, after the company was upgraded to "buy" from "hold" by analysts at Stifel Nicolaus this morning, following the release of its fourth quarter earnings report. The firm has a price target of $100 on shares of the independent exploration and production company, citing upside from deep-water and international exposure that remains strong. Stifel Nicolaus said, "We believe that the potential upside from the active deep-water exploration portfolio and the upcoming production growth from existing large-scale discoveries continues to provide an attractive, growing production/resource base." Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. For the fourth quarter, Anadarko reported adjusted earnings of 37 cents per share, lower than the 74 cents it reported a year ago, and well below analysts' estimates of 85 cents per share. Revenue of $3.18 billion for the period also missed estimates by a wide margin, compared to the $3.79 billion analysts expected. Anadarko said its higher oil and gas production was offset by lower selling prices amid the fall in crude oil prices, Reuters reports. Separately, TheStreet Ratings team rates ANADARKO PETROLEUM CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation: "We rate ANADARKO PETROLEUM CORP (APC) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself." You can view the full analysis from the report here: APC Ratings Report APC data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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