Anadarko Petroleum Corp (APC) Stock Rises 32.26% on Acquisition Announcement

 

Shares of Anadarko Petroleum Corporation (APC) stock are up more than 32% Friday after the company announced that it will be acquired by Chevron (CVX) in a cash and stock deal totaling $33 billion, or $65 per share. APC stock is down -2.06% over the last 12 months, and the average rating from Wall Street analysts is a Moderate Buy. Stock Score Report, InvestorsObserver’s proprietary scoring system, gives APC stock a score of 60 out of a possible 100.

That score is chiefly influenced by a short-term technical score of 64. APC’s score also includes a fundamental score of 60. In addition to the average rating from Wall Street analysts, APC stock has a mean target price of $68.44. This means analysts expect the stock to rise 10.57% over the next 12 months. The long-term technical score for APC is 55.

Click Here to get the full Stock Score Report on Anadarko Petroleum Corporation (APC).

What’s Happening with APC Stock Today

Anadarko Petroleum Corporation (APC) stock has risen 32.26% while the S&P 500 has risen 0.61% as of 10:53 AM on Friday, Apr 12. APC has risen $15.10 from the previous closing price of $46.80 on volume of 48,953,075 shares. Over the past year the S&P 500 is higher by 9.99% while APC is down -2.06%. APC earned $1.39 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 44.5.

Symbols: APC CVX

You May Also Like