Anadarko Petroleum (APC) PT Raised to $101 at KLR Group
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Price: $18.42 -0.32%
Rating Summary:
21 Buy, 22 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 4 | Down: 13 | New: 23
Rating Summary:
21 Buy, 22 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 4 | Down: 13 | New: 23
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KLR Group raised its price target on Anadarko Petroleum (NYSE: APC) to $101.00 (from $91.00) while maintaining a Buy rating. The price change is due to lower operating/overhead expense, a further ~3% reduction in shares outstanding and lower cash taxes.
2018 production expectation of ~665 Mboepd approximates the midpoint of company guidance (652-679 Mboepd) though oil expectations of ~385 Mbopd is in the upper half of guidance (370-390 Mbopd).
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