Credit Suisse Boosts Price Target on Anadarko Petroleum (APC)

Credit Suisse Boosts Price Target on Anadarko Petroleum (APC)

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Anadarko Petroleum Corporation’s (APC) net asset value is increasing, says analysts at Credit Suisse. As such, the analysts raised the price target on the oil and gas producer.

The analysts maintain an “Outperform” rating on APC and now see shares reaching $109. This target suggests a 25% upside to Monday’s closing price of $87.29.

Anadarko Petroleum shares were up 57 cents, or +0.65%, during pre-market trading on Tuesday. The stock is up +9.92% over the past year.

The Bottom Line
Shares of Anadarko Petroleum (APC) have a dividend yield of 0.41% based on last night’s closing price of $87.29 and the company’s annualized dividend payout of 36 cents per share.

Anadarko Petroleum Corporation (APC) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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