Anadarko Petroleum Hits 52-Week High On Takeover Rumors (APC, BHP)

Shares of Anadarko Petroleum Corporation APC are currently up 7% at $75.69 per share during Thursday afternoon trading. The stock is trading higher on rumors that BHP Billiton Limited BHP is interested in buying the company. Today's trading range for shares of Anadarko Petroleum Corporation has been between $73.88 and a 52-week high of $76.50 per share. The consensus price target of analysts covering the company's stock is $75.75 per share. Volume of 13.2 million shares is already more than triple the daily average volume of 4.1 million shares. Anadarko Petroleum Corporation's mission is to deliver a competitive and sustainable rate of return to shareholders by exploring for, acquiring and developing oil and natural gas resources vital to the world's health and welfare. Anadarko Petroleum Corporation APC has approximately 2.3 billion barrels-equivalent of proved reserves, making it one of the world's largest independent exploration and production companies. Read more from Benzinga's Company news.