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Anadarko’s Estimates Boosted at Oppenheimer (APC)

Oil and natural gas producer Anadarko Petroleum Corporation ( APC ) on Monday saw its earnings estimates raised by analysts at Oppenheimer.

The firm said it boosted its estimates for APC through 2012, citing expectations of higher oil and gas prices in the future. Oppenheimer also backed its "Outperform" rating on the stock.

Anadarko shares, which have risen 5.7% year-to-date, gained $1.90, 2.4%, in premarket trading Monday.

The Bottom Line

Shares of Anadarko Petroleum ( APC ) have a .45% dividend yield, based on Friday's closing stock price of $80.48. The stock has technical support in the $70-$75 price area. If the stock can firm up, we see overhead resistance around the all-time high levels of $85 a share.

Anadarko Petroleum Corporation ( APC ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 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 .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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